Rise of the machines: The role of AI in the future of banking - CUInsight

If you've been keeping up with the news lately, you've probably noticed that AI is everywhere. From the concept of self-driving cars to newcomers like voice generation, deepfake videos, and OpenAI (Midjourney and ChatGPT), AI is changing the way we live and work. But it's not all sunshine and rainbows – there are also concerns about the ethical implications of AI, particularly when it comes to fraud. The first question we must ask ourselves is: why is AI a dangerous fraud trend in banking? AI has the power to automate and streamline banking processes, which can be exploited by fraudsters.