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Pandemic Spurred Identity Fraud; AI and Biometrics Are Responding 

By AI Trends Staff  Cyberattacks and identity fraud losses increased dramatically in 2020 as the pandemic made remote work the norm, setting the stage for...

AI Powering DFIN as IPOs Surge to Record Numbers 

By John P. Desmond, AI Trends Editor  The number of initial public offerings (IPOs) is setting records month to month and is not seen slowing...

AI Applied to Tax Systems Can Help Discover Shelters, Support Equality 

By AI Trends Staff    AI and machine learning represent the new frontier in tax administration.  Since researchers at MIT created an algorithm that could flag a certain type...

Financial Firms Turning to AI to Fight Fraud in 2021  

By AI Trends Staff   The use of AI to fight financial fraud—internally and externally—is a hot topic.  “AI is the future of fraud management, irrespective of...

AI Has Track Record in Fraud Prevention for Credit Card Issuers

By John P. Desmond, AI Trends Editor The financial services industry has compiled a track record in the use of AI for fraud detection, with...

How Quantum Computing is Being Piloted for Practical Applications

By AI Trends Staff Quantum computing for general-use machines is believed to be a long way off, but savvy...

Barclays Innovating in use of AI in Banking

By AI Trends Staff Barclays Bank is emerging as an innovator in the use of AI in financial services. The UK bank, ranked 20th on...

AI in Fintech Helping Detect Fraud, Assess Risk

By AI Trends Staff AI is being applied in the banking and the financial industry to meet demands of customers in creative ways, with many...

AI Spawning New Products in Investment Business

By AI Trends Staff AI is helping to launch new products in the investment business, from new data services to new theories of investing. For example,...

Synchrony Financial AI Development Team Working on a ‘Self-Evolving’ Consumer Interface

Alex Muller is working on creating a consumer interface that aims to incorporate AI to learn about customers and deliver a continuously improving user...