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Fraud prevention

Banks to Spend an Additional $US31 Billion on AI and fraud prevention

August 8, 2022July 12, 2023 CIO Tech Team

Financial institutions’ country-specific challenges in Asia/Pacific Banks worldwide are expected to spend an additional $US31 billion on AI embedded in existing systems by 2025. Similarly, in a recent IDC survey of banking executives worldwide, fraud management featured strongly as a priority. “In the process of coming up with digital products…

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