Monday, March 4, 2024
HomeBankBanks make use of bots to battle rising fraud, compliance dangers

Banks make use of bots to battle rising fraud, compliance dangers


Monetary fraud is large enterprise for cybercriminals, with the Federal Commerce Fee (FTC) estimating that $5.8 billion was misplaced to scams in 2021, a 70% improve from 2020.   To battle the menace and assist preserve compliance, a number of banks have turned to bots and robotic course of automation (RPA).  Ally Monetary, for instance, has partnered with […]



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