Banks can’t beat fraud without AI, experts say
Financial institutions must use AI to counter the rising number of AI-driven scams that resulted in a global financial loss...
Risk & Security
Sensitive bank data set for deletion in CFPB purge, ex-aide says
The former chief technologist of the Consumer Financial Protection Bureau alleged in a legal filing that the Trump administration is...
CFPB pause prompts concern of ‘regulatory vacuum’
Lenders must be mindful of existing consumer law and state-level enforcement despite the current pause in enforcement activity by the Consumer...
Podcast: How an anti-fraud startup fights deepfake fraud
Financial institutions are looking to deepfake detection solutions in their fight against the growing threat of generative AI-driven fraud. The...
Barclays outage a reminder to update legacy systems
Bank outages, like the one at London-based Barclays last week, are a growing threat as more banks see downtime due...
Mastercard taps gen AI for fraud prevention
Mastercard’s deployment of generative AI to fight fraud in 2024 has reduced false positives and enhanced fraud detection. The payments...
Trump fires Biden’s Consumer Protection watchdog Rohit Chopra
Rohit Chopra, the director of the Consumer Financial Protection Bureau under President Joe Biden, was fired by the Trump administration,...
Visa deploys AI for instant payments fraud detection
Payments behemoth Visa is using AI to improve its fraud detection as instant payment adoption grows. Courtesy/Bank Automation News Visa...
TD money laundering head Mazariegos exits, Sanjuas promoted
Toronto-Dominion Bank is promoting one of its top US anti-money-laundering executives, Jacqueline Sanjuas, to a role that will see her...
CFPB requests public comment on consumer privacy protections
The Consumer Financial Protection Bureau published a “request for information” today asking the public to comment on data privacy protections...
