Why Physical Authentication Matters to Combat AI-Powered Fraud
By Jenna Kaye-Kauderer, Managing Vice President and Head of AirKey, Capital One
AI is changing the game for banks and fraudsters alike. AI enables financial institutions to protect against fraud by detecting anomalies and analyzing patterns of behavior at scale—all in a split second.
Banks can apply AI to triage a potential attack by declining the payment outright or requesting authentication to confirm that the individual attempting the transaction is authorized.
It can also detect impersonation attempts that could lead to account takeovers.
AI enables financial institutions to protect against fraud by detecting anomalies and analyzing patterns of behavior at scale—all in a split second.
Author's summary: AI helps banks combat fraud.
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