In “FIs, Regulators Rev Up Anti-Fraud Strategies” (Bank Automation News, 16 May 2025), Richard Hills discusses the importance of collaboration within the financial services sector—including both financial institutions (FIs) and regulators—to fight the changes in the fraud landscape due to the accessibility of AI technology combined with the resources available on the dark web. Richard notes: “While regulators aren’t mandating AI or machine learning, they are promoting tools that enhance the effectiveness of fraud management programs. In response, FIs are moving beyond static rules to adopt advanced analytics that improve transaction monitoring, customer risk scoring, and sanctions screening.”
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