
AI-Powered Compliance and Fraud Detection: The Next Big Thing in Finance
Introduction The financial industry is evolving at an unprecedented pace, with digital transactions becoming the norm. However, with this growth comes a surge in fraudulent activities and an increasing burden of compliance regulations. Traditional compliance and fraud detection methods struggle to keep up with the volume and complexity of financial data. Artificial Intelligence (AI) is stepping in to revolutionize how fintech companies handle compliance and fraud prevention. By automating processes, improving accuracy, and reducing human intervention, AI is set to redefine financial security. ...