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Behavioral Analytics Inject ‘Smart Friction’ Into Battle Against Scams and Payments Fraud

  • Scams against banks and their customers are increasing as fraudsters adopt personalized approaches.
  • Pattern recognition and behavioral analytics can help in successful defense against scams.
  • AI and machine learning are being used to identify suspicious behavior and introduce friction in the payment process.
  • A consortium approach among banks to share real-time information is effective in fighting fraud.

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