Harnessing artificial intelligence to combat merchant fraud in retail
The retail sector has been both blessed and cursed for the fast pace of e-commerce growth and arrival of alternative payments. The boon of online shopping and digitisation has expanded horizons for retailers, but with it comes the bane of increased fraud. Fortunately, Artificial Intelligence (AI) emerges as a stalwart ally in detecting and thwarting […]
Bribery and corruption concerns drive 650% increase for Regtech AI KYC checks in banking sector
A new study from Juniper Research has found that the total number of Know Your Customer (KYC) checks for banking, conducted using AI, will reach almost 175 million globally by 2028; up from just over 23 million in 2023. The demand for regtech solutions is increasing across not only financial services, but also industries such as […]