Expect More AI in Fraud Prevention Measures, a Survey Finds - Digital Transactions

Expect More AI in Fraud Prevention Measures, a Survey Finds - Digital Transactions

As the nascent artificial-intelligence field develops, financial institutions are readying to adopt AI in their fraud-prevention measures just as criminals are devising AI-enabled ways to make their schemes more harmful. Evidence of this is that 43% of financial institutions surveyed for the DataVisor “2025 Fraud and AML Executive Report” will deploy generative AI into their fraud-prevention services in the next year or two. Though none say they…

Financial institutions double down on AI — but will it deliver?

This surge — fueled by competitive pressure and promises of enhanced customer insights — has institutions like Bank of America allocating $4 billion to AI and other new tech initiatives. While early adopters report efficiency gains and cost reductions, the sector faces a pivotal challenge: The average expected ROI timeline of two years reflects both optimism and pressure to demonstrate quick wins. Success hinges on overcoming fragmented implemen…