AI in e-Payment Fraud Detection, Prevention, control & Fraud Desk Management

The increasing reliance on e-payment systems have given rise to significant challenge: electronic payment fraud, which encompasses awide range of illicit activities aimed at exploiting the vulnerabilities in e-payment processes for financial gain.

Fraudsters are now becoming more versatile in their mode of operations to breach security controls of financial service providers, thus the need for enhanced skill and competence in detecting and preventing fraud. Organizations must therefore equip staff with the right skills to identify controls based on their operations that can be implemented to secure data, prevent loss of funds and minimize the threat of data and
identity theft.