UK Finance: Fraud is Down But Over £1billion is Still Stolen by Criminals – What’s Next for the UK?
The Fintech Times
MAY 22, 2024
In this regard, the industry has been leveraging AI and machine learning capabilities for more than a decade now and we are seeing a clear benefit to our customers in areas like payment authorisations, real-time fraud analysis, fraud detection and reducing false positives.” This has increased from 59 per cent in 2022.
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