Anomaly detection is one of the more difficult and underserved operational areas in the asset-servicing sector of financial institutions. Broadly speaking, a true anomaly is one that deviates from the ...

Technology in financial services can be somewhat of a double-edged sword. On one side, new technological innovations, like artificial intelligence (AI) and machine learning (ML), are striving to make ...

The financial sector is anticipated to experience a notable surge in fraudulent activities, leading to projected losses exceeding $40 billion by 2027. This increase marks a significant uptick from ...

IN the rapidly evolving landscape of financial technology, machine learning (ML) and advanced artificial intelligence (AI) are shifting from mere backend tools to the very engines driving financial ...

My company, Kickfurther, has carved out a niche by connecting businesses in need of funding for their retail inventory with buyers of that inventory. A key component of this business model is the ...

As advisors continue to show excitement for the potential of artificial intelligence, the financial services industry is focused on how to make the most of the burgeoning technology in the years to ...

Opinions expressed by Digital Journal contributors are their own. In modern finance, risk does not fail loudly. It accumulates quietly, in delayed transactions, false alerts, fragmented data, and ...

As financial crime risks evolve, including those risks posed by the use of AI and other emerging technologies, so too must firms’ financial crime compliance response. It is unsurprising, therefore, ...

The resulting transactions, amounting to millions of Nigerian Naira, had passed through numerous accounts before vanishing without a trace. He storms into the nearest branch of his bank, bewildered ...

Roadblocks to AI adoption in wealth management are usually attributed to lack of education, access and support. If advisors only understood these tools, their hesitations would melt away, the ...