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Criminals are harnessing the power of artificial intelligence to change the face of fraud. Deloitte has estimated that US banks could lose $40 billion in the next three years to AI-powered scams. Read more https://lnkd.in/ew6RxRW4 #AI #fraud #security #banking

#ICYMI ID fraud in banking could account for 50% of all reported fraud by the end of the year, according to new analysis. It already accounted for 45% of all adverse contributions made in 2023. Learn more https://lnkd.in/e-CiKWpt #IDverification #banking

Would you like to speed up your time to revenue? Make it easy for your customers to work with you? Well that’s exactly what the Zenoo white-label platform is all about! No more tedious API connections, no more complicated integrations - just great user experience, and seamless onboarding journeys. Find out more about it here Zenoo.com #whitelabel #digitalonboarding

In today’s AI-driven world, banks are becoming increasingly vigilant, freezing accounts or demanding extensive documentation at the slightest hint of suspicious activity. And as banks combat AI related fraud, customers are feeling the strain of overly cautious measures. Read more https://lnkd.in/eQhrJeVh #AI #banking #security

“The key word in combatting the AI threat is 'collaboration'. Here at Zenoo we partner with cutting edge providers of the latest AI deepfake detection solutions which can be easily integrated into existing or new customer onboarding flows to combat fraud” - Zenoo UK MD George Taylor Our latest release on the need to collaborate to combat the AI threat to banking security has been picked up by Yahoo Finance. https://lnkd.in/ed-hYKx6 #AI #banking #security

#ICYMI BLOG: Collaboration key to AI fraud defence “Make no mistake, it is an enormous concern how quickly and significantly AI is being innovated to assist in banking fraud. In particular, social engineering attacks to steal personal information, enable identity theft and unauthorised access to bank accounts, is becoming remarkably advanced.” Read our new blog on the sophistication of AI fraud in banking and why collaboration is the silver bullet to winning the battle. https://lnkd.in/g5CvEVii #AI #IDverification #fraud #banking George Taylor Stuart W.

US banks face challenges in digital innovation, with fewer than one in 10 bank leaders considering their organisation to be at the leading edge of digital transformation, according to new research. The report, US Banks’ Data Transformation Journeys at a Crossroads, revealed 18% of banks admitted they were “lagging behind” and 44% were “working to catch up” on digital transformation. Read more https://lnkd.in/djDDdM5h #banking #digitaltransformation

Recently, UK engineering group Arup was tricked into transferring $25mn to fraudsters who used a deepfake of a senior manager during a video conference in Hong Kong. This crime is the latest in a trend as deepfake fraud directed at banks is on the rise. https://lnkd.in/ex3X-KfM #AI #fraud #banking

We’re in to week 2 of the Code Rebels summer camp at the Zenoo offices! It’s been inspiring to see these budding young developers being so creative! #FutureTalent #CodeRebels #Zenoo

#ICYMI BLOG: Twin headwinds hitting ID verification The ID verification market is in a state of flux due to amalgamation and the malevolent use of AI. Read the latest Zenoo blog https://lnkd.in/efbD4Cz8 #idverification