Explainable AI plays a central role in validating model behavior. Using established explainability techniques, the study examines which financial variables drive fraud predictions. The results show a ...

Fraud detection is defined by a structural imbalance that has long challenged data-driven systems. Fraudulent transactions typically account for a fraction of a percent of total transaction volume, ...

ST. PAUL — People who attempt to rip off state dollars aimed at helping children or people with disabilities would face stiffer penalties, under a multi-pronged proposal that Gov. Tim Walz rolled out ...

Kinil Doshi is a Senior VP at Citibank and a fintech expert in banking compliance and risk management with two decades of experience. In this article, I want to explore AI applications in fraud ...

“Be skeptical and proactive,” Gov. Tim Walz repeated while announcing a new anti-fraud legislative package and signing an executive order to create a centralized fraud investigations unit Friday ...

The Fast Company Executive Board is a private, fee-based network of influential leaders, experts, executives, and entrepreneurs who share their insights with our audience. BY Matt Swann The rise of ...

Fraudulent activities within the financial services sector have escalated into a significant concern, with projections indicating that online payment fraud could result in losses exceeding $206 ...

In today’s digital world, fraud has become more complex, which means we need smarter ways to detect and prevent it. Generative AI helps with this by looking at large amounts of data in real-time, ...

Governor Tim Walz announced Friday that he is taking executive action to create a centralized state fraud investigations unit after several high-profile scandals that have cost Minnesota and its ...

For businesses of all sizes, fraud is a significant threat, with the potential to undermine trust, financial stability and reputation. The risk of fraud is ever-present, making it imperative for ...