A flood of AI deepfakes challenges the financial sector, with over 70% of new enrolments to some firms being fake

A flood of AI deepfakes challenges the financial sector, with over 70% of new enrolments to some firms being fake

Financial institutions are championing the use of artificial intelligence, arguing the new technology can rapidly accelerate tasks like “know-your-customer” checks, customer onboarding, and document processing.  Advancements like these can drive customer acquisition and boost employee productivity, all good for the bottom line. “AI has been a game-changer in how we provide international payment and financial services. In 2024, we processed more …