Technology is a double-edged sword for the banking industry: while it’s helped banks create convenient and secure online solutions, it’s also made it easier and faster for malicious actors to commit fraud, and to scale that fraud to an enterprise level.
In an economic landscape marred by growing credit card debt and negative economic sentiment from consumers, generative AI can turn an interest in committing fraud into a full-blown campaign. Yet, while AI presents a threat, it may also be a solution.
Download Mastercard Identity’s playbook with Banking Dive to understand how you can fight evolving fraud threats and help drive growth, including:
- The rise of generative AI and the threat it poses
- The current fraud landscape and why traditional fraud solutions aren’t enough
- How machine learning and dynamic data helps banks fight back while improving the customer experience