NEW REPORT: Cutting Through AI Hype To Reduce Risk, Fight Fraud

Businesses in nearly every industry need to worry about risks, especially when it comes to fraud and security. But those dangers are even more pressing in the banking industry, where bad actors are increasingly attacking financial institutions (FIs) on multiple fronts, and using multiple techniques. In response, FIs from around the space are rolling out new innovations and turning to artificial intelligence (AI) and machine learning (ML), investing $19.1 billion in emerging technologies, hoping to combat cybercrime and stop fraudsters in their tracks. In the August edition of the Digital Banking Tracker, PYMNTS explores FIs' latest efforts to reduce risk and protect revenues. Citizens Financial Group, for instance, is hoping to offer a more secure banking experience with its latest debut.