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How is AI applied in financial fraud detection?

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AI plays a pivotal role in financial fraud detection by using machine learning algorithms, predictive analytics, and real-time data monitoring to identify and prevent fraudulent activities. By analyzing patterns in transactions, AI systems can detect anomalies, flag suspicious behavior, and reduce false alarms, helping banks, fintechs, and financial institutions protect assets and enh... https://www.skillonit.com/artificial-intelligence-guide

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