Sep 26, 2025
Role of AI in Detecting and Preventing Financial Fraud
Financial fraud has been rising due to cashless transactions and payment systems. The growing use of credit and debit cards, mobile wallets, and online banking platforms has created more opportunities for fraudsters to exploit vulnerabilities. This is where AI plays a crucial role. AI-powered fraud detection platforms can analyze vast amounts of transactional data in real time, identify suspicious patterns, and flag potentially fraudulent activities before they cause harm.