While RTPs are a big opportunity for everyone, faster payments also make common fraud schemes more successful, putting consumers and businesses at risk for schemes including Account Opening fraud, ATOs Authorized push payment fraud, Money Mules and AMLs.
As donor-advised funds (DAFs) continue to surge in popularity, they open new opportunities for organizations and institutions to retain and bring in new clients.
Dr. Aniket Bera, associate professor at the department of computer science at Purdue University, explains how AI can be used in the financial services industry to detect when a customer is angry or depressed or even when an employee is upset or about to commit fraud.