Banks employ bots to fight rising fraud, compliance risks PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Banks employ bots to fight rising fraud, compliance risks

Financial fraud is big business for cybercriminals, with the Federal Trade Commission (FTC) estimating that $5.8 billion was lost to scams in 2021, a 70% increase from 2020.   To fight the threat and help maintain compliance, several banks have turned to bots and robotic process automation (RPA).  Ally Financial, for example, has partnered with […]

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