US EditionWelcome to the 21st Century: AI Will Decide About Money Transfers From Today in Hungary!
9 Articles
9 Articles
The artificial intelligence-powered tool was put into operation on Tuesday and aims to effectively filter out banking fraud.
The system monitors data on instant transfers.
The first phase of the Central Abuse Filtering System has started.
Welcome to the 21st century: AI will decide about money transfers from today in Hungary!
On 1 July, Hungary is rolling out a major upgrade to the security of instant bank transfers: the Central Fraud Detection System (Központi Visszaélésszűrő Rendszer, KVR) went live, using artificial intelligence to assess transactions in real-time and determine within seconds whether a transfer is safe to proceed. Risk Index: Is your transfer safe? Operated by Giro Ltd. under the mandate of the Hungarian National Bank, the system assigns a risk in…
CommBank partners with Apate.ai to combat scams using AI
Commonwealth Bank of Australia (CommBank) has partnered with Apate.ai, a cyber-intelligence firm spun out from Macquarie University, to bolster protections against scams using advanced AI technology. The collaboration leverages near real-time scam intelligence to shield both CommBank customers and the wider Australian public from fraudulent activities. CommBank has integrated a network of thousands of AI-powered bot profiles developed by Apate.a…
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