There's an AI-versus-AI battle and more advanced tools are needed to protect bank revenue and customers.
While financial institutions have made big strides in their fraud prevention strategies with the use of AI, there's a twist. Fraudsters are also using AI to create hyper-personalized phishing campaigns and deepfake audio and video to trick and impersonate clients and executives. In this video, Aser Blanco, Global IBD Lead for Banking at NVIDIA, outlines what is new in fraud and how financial institutions can prepare and repsond with advaned solutions.