In “What Keeps 6 Chief Risk Officers Up at Night” (Bank Automation News, 15 May 2025), Richard Hills discusses how the fragmentation of fraud management in the banking industry can slow down banks’ response rates, resulting in missed opportunities to prevent further loss or recover funds. Richard notes: “[Financial institutions] can benefit from national fraud portals supported by technologies such as federated machine learning. These platforms allow institutions to share actionable data while maintaining privacy, enabling faster responses and a more collective approach to stopping fraud at scale.”
Read the Bank Automation News article. Subscription may be required.