AI
Bank of England Leverages AI to Combat Real-Time Payment Fraud
Project Hertha demonstrates AI’s potential in detecting financial crime patterns within retail payment systems.
Highlights:AI-Powered Detection: The Bank of England’s Project Hertha successfully identified...
AI
Westpac Pilots AI Assistant to Support Staff in Scam Prevention
AI-Powered Call Assistant Enhances Fraud Detection and Customer SupportHighlights:Real-Time Scam Detection: Westpac’s AI assistant analyzes customer conversations to identify scam indicators and provide...
AI
BBVA Expands OpenAI Partnership: 11,000 ChatGPT Licenses to Boost Efficiency
Spanish banking giant BBVA quadruples its ChatGPT Enterprise licenses, enhancing productivity and AI-driven innovationHighlights:Massive Expansion: BBVA increases ChatGPT Enterprise licenses from 3,300 to...
AI
Ex-Celsius CEO Mashinsky Sentenced to 12 Years for Crypto Fraud
Former Celsius Network CEO faces prison time for misleading investors and manipulating crypto markets
Highlights:Fraudulent Scheme: Mashinsky misled investors about Celsius’s proprietary crypto token,...
AI
Ox Security Secures $60M in Series B Funding to Revolutionize Cybersecurity
The cybersecurity firm aims to enhance risk prioritization and global expansion with fresh investment
Highlights:Strategic Growth: Ox Security raises $60M in Series B funding,...
AI
Revolut Partners with Fourthline to Enhance AI-Powered Identity Verification
Strengthening Compliance and Security with Advanced AI Identity SolutionsHighlights:AI-Driven Identity Verification: Fourthline’s proprietary AI technology enhances Revolut’s customer onboarding and fraud prevention.
Global...
AI
Barclays Integrates Ant International’s AI-Powered FX Forecasting Model for Treasury Optimization
AI-Driven FX Risk Management Enhances Global Treasury EfficiencyHighlights:Advanced AI Forecasting: Barclays adopts Ant International’s Time-Series Transformer (TST) model for precise FX predictions.
Cost...
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