AI strengthens banking’s defense against fraud

Consumers are ready for the next wave of payment technology, including deployment of AI-driven biometrics to verify identity in digital-first account opening processes, according to Entrust. The key to future payment solutions 63% of respondents indicated that they are comfortable with AI helping their bank detect fraud. Almost half of respondents abandoned a new bank account application after starting because it didn’t feel secure or was too cumbersome. The new wave of technology needs to … More →

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