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Revolutionizing Fraud Prevention with AI: How Artificial Intelligence is Protecting Banks and Customers from Financial Losses
Fraud is a significant concern for banks and their customers, as it can result in significant financial losses and damage to reputation.Traditional methods of detecting and preventing fraud, such as manual review of financial transactions, can be time-consuming and may not be effective in identifying all instances of fraud. This leaves banks and their customers vulnerable to financial losses and reputational damage.