🚨 Deepfakes have been and continue to be a major concern for all companies as the number of online transactions increases. Yesterday, FinCEN released an alert about fraudsters leveraging deepfake media to provide guidance for financial institutions. Here’s what you need to know: • High-quality deepfakes come in all shapes and sizes and are being leveraged throughout customer life cycles. • Mitigating deepfakes requires a holistic mix of deterrence and detection approaches beyond verification. • FinCEN’s red flag indicators of generative AI usage go beyond looking at submitted documents and images — they include profile inconsistencies, device/geo discrepancies, and suspicious transaction behavior. 👉 Swipe to learn more about each pillar and check out the comments for more resources.
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🚀 With AI advancing rapidly, it’s time for financial institutions to harness its power in the fight against financial crime. But AI alone won't guarantee success—it’s about applying the right framework, trialling, and experimenting. 🧠⚡ In The Paypers' Next Gen Tech to Detect Fraud & Fincrime Report, Colin Whitmore from NatWest Group shares insights on getting started with AI. 📥 Download the report to learn more! #AI #FraudPrevention #FinCrime https://buff.ly/3YiCaTe
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#GenerativeAI is making fraud easier—and cheaper—than ever. Financial institutions are facing a surge of sophisticated threats that push existing #fraud detection systems to the brink. To counter these evolving risks, #banks and #fintechs must combine the power of advanced #AI tools with human expertise. Our self-serve platform offers a comprehensive yet flexible solution to help financial companies scale securely. Don’t take our word for it—try it for free and see for yourself! 🚀
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Ever wondered how to turn fraud management from a headache into a profit powerhouse? The numbers don't lie - in 2022, fraud costs soared above $4.5 billion across all payment types*. Now, imagine a world where you not only thwart fraud but also boost your bottom line. That's where i2c Inc. steps in with our cutting-edge Generative AI playbook. We're not just talking strategies; we're talking game-changers that can liberate your financial institution from the clutches of fraud and set you on the path to unprecedented profitability. Dive into our playbook now! 🚀 Don't just take our word for it; let the stats speak for themselves. Download here: https://lnkd.in/g7pNckBU *Source: Statista 2022 #FraudManagement #GenerativeAI #ProfitGeneration #i2cadvocacy
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Financial crime - particularly fraud - is on the rise in many parts of the world. Could #AI tools hold the answer? By analyzing vast amounts of transaction #data to identify patterns, financial institutions are using AI algorithms to detect and prevent #fraud in real-time, protecting businesses and individuals from losses. #SBM can help. Get in touch with our #fintech experts to find out more. https://bit.ly/3PWd61R
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So important that we are balancing the scales with generative AI! It is critical to stay a step ahead as the fraud and financial crime landscape evolves. Looking forward to discussing this topic more throughout 2024!
Generative models are revolutionizing the fight against fraudulent activities within the financial sector. Generative models offer a unique advantage in detecting anomalies and patterns within vast datasets, enabling organizations to significantly enhance their fraud detection capabilities. By harnessing the power of artificial intelligence and machine learning, we can strengthen our defense against financial crimes and protect both businesses and consumers. Let's continue to explore innovative solutions to address financial crime challenges and safeguard the integrity of financial systems. #bankingindustry #GenAI #FraudPrevention http://2.sas.com/6048woM1k
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Business Development | Real-Time Fraud Detection | AI-Driven Sales Strategist | Precision Prompt Writer for GTM Impact
🧟♂️ “Nightmare on Fraud Street”? - “Silence of the Scams”? It’s Friday the 13th, and while horror movie villains may be relentless, Effectiv.ai is even more determined to stop fraud in its tracks! 👻 Data Integration: No more playing hide-and-seek like Freddy in your systems. We connect your data sources with lightning speed, bringing everything into one platform—no surprises. 🧠 Machine Learning: Forget about The Shining's endless maze of complexity. Effectiv uses advanced machine learning to predict fraud patterns before they become a nightmare. 🌐 Global Coverage: Think of us as the Ghostbusters of fraud. Whether it’s local or global, Effectiv has your back, fighting fraudsters wherever they pop up. Happy Friday the 13th! 🎃 #FraudPrevention #DataIntegration #MachineLearning #GlobalFraudProtection #Fintech #FridayThe13th
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Unveiling our latest white paper, 'Credit Card Fraud Detection: Leveraging Generative AI' - A deep dive into the revolutionary strategies reshaping fraud prevention. Discover how generative AI models are becoming a game-changer in the fight against financial fraud. #FraudPrevention #GenerativeAI #FinTech #WhitePaper
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Harnessing the power of Machine Learning to combat fraud! Did you know these advanced algorithms can spot suspicious activity in financial transactions with precision? #TechInnovation #MachineLearning #FinTech #Cognisun #CognisunInfotech
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In the dynamic world of finance, the industry is taking a bold stand against fraud. 🛡️ By embracing Nacha rule 2024 in ACH transaction fraud protections. Integrating cutting-edge AI and machine learning technologies from industry leaders like FIS, financial institutions are fortifying their defenses, aligning strategies for growth. #innovation #digitaltransformation #Nacha #RiskManagmentProject"
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AI helped the feds catch $1 billion of fraud in one year. And it’s just getting started AI is transforming the fight against financial crime! In 2024 alone, machine learning AI helped the US Treasury recover a staggering $1 billion in check fraud—nearly triple the previous year’s total. By analyzing vast amounts of data, AI is spotting hidden patterns that fraudsters use to siphon taxpayer dollars. And this is just the beginning! With the power of AI, the Treasury is setting new standards for fraud prevention and recovery. #AIRevolution #FraudDetection #TreasuryTech #FinancialSecurity #Innovation
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Interested in learning more? You can check out the FinCEN alert here: https://www.fincen.gov/sites/default/files/shared/FinCEN-Alert-DeepFakes-Alert508FINAL.pdf Additionally, here are some resources around how Persona can help your company protect itself from deepfake fraud, aligned with FinCEN recommendations: https://bit.ly/fight-genai-fraud https://bit.ly/persona-genai-approach