AI’s Double-Edged Sword in Banking: Fighting Fraud While Avoiding Collateral Damage
Podcast Duration: 30 min, 55 sec
Artificial intelligence (AI) is revolutionizing fraud prevention in the banking industry, enhancing detection and risk management. But with these advancements come new challenges—fraudsters using AI to exploit vulnerabilities, biases in algorithms and the need for regulatory adaptation. In this episode, ACFE Content Manager Rihonna Scoggins speaks with fraud expert Kennedy Meda about the impact of AI on banking fraud, the balance between automation and human oversight and how financial institutions can stay ahead of emerging threats.
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