#fraud detection

[ follow ]
#fraud-detection

The Impact of Artificial Intelligence on Finance: Revolutionizing the Financial Industry - ETCFO

AI is revolutionizing the finance industry by enhancing security, automating tasks, and improving risk management.
Machine learning is a powerful tool in training AI algorithms to recognize patterns, make predictions, and detect fraudulent activities.

Conflixis Raises $275K to Make Sure Conflicts of Interest are Minimized and Possibly Managed

Conflict of interest can leave organizations vulnerable to civil liability and criminal prosecution.
Conflixis is an AI-powered platform that detects fraud, overspending, and compliance related to conflicts of interest.

Council Post: The Impact Of AI On The Financial Services Industry

AI is transforming financial services by enhancing fraud detection and risk management, improving customer safety and decision-making processes.

How Is AI Used in Accounting and Finance?

AI is revolutionizing accounting and finance by automating tasks, enhancing data analysis, detecting fraud, and improving efficiency and accuracy.

77% of Consumers Expect Banks to Use AI to Fight Fraud

AI plays a crucial role in enhancing security and efficiency of real-time payments.

The US Treasury is using AI (a vehicle for fraud) to detect fraud

The US Treasury successfully used AI to detect and recover over $4 billion in fraud payments last fiscal year.

The Impact of Artificial Intelligence on Finance: Revolutionizing the Financial Industry - ETCFO

AI is revolutionizing the finance industry by enhancing security, automating tasks, and improving risk management.
Machine learning is a powerful tool in training AI algorithms to recognize patterns, make predictions, and detect fraudulent activities.

Conflixis Raises $275K to Make Sure Conflicts of Interest are Minimized and Possibly Managed

Conflict of interest can leave organizations vulnerable to civil liability and criminal prosecution.
Conflixis is an AI-powered platform that detects fraud, overspending, and compliance related to conflicts of interest.

Council Post: The Impact Of AI On The Financial Services Industry

AI is transforming financial services by enhancing fraud detection and risk management, improving customer safety and decision-making processes.

How Is AI Used in Accounting and Finance?

AI is revolutionizing accounting and finance by automating tasks, enhancing data analysis, detecting fraud, and improving efficiency and accuracy.

77% of Consumers Expect Banks to Use AI to Fight Fraud

AI plays a crucial role in enhancing security and efficiency of real-time payments.

The US Treasury is using AI (a vehicle for fraud) to detect fraud

The US Treasury successfully used AI to detect and recover over $4 billion in fraud payments last fiscal year.
morefraud-detection

Uncle Sam wants you to help stop insurers' bogus Medicare Advantage sales tactics

The Biden administration is encouraging the public to report misleading or deceptive sales tactics by insurers selling private Medicare Advantage and drug plans.
Specific sales pitches to watch out for include claims that suggest benefits are available to all when only some individuals qualify, mentioning benefits that are not available in the advertised service area, and using superlatives without data to back them up.
The public is also warned to be wary of companies pretending to be from the government-run Medicare program and should report any violations to CMS at 800-MEDICARE.

Starlink's overzealous fraud detection locked users out of their accounts

The Starlink bug last week falsely flagged legitimate accounts as fraudulent, locking users out of their accounts.
Affected users received an email titled 'False Positive Fraud Account Correction', but not everyone has regained access to their accounts yet.
Limited customer support options and difficulty in contacting Starlink compounded the issue for users.
[ Load more ]