Financial fraud is big business for cybercriminals, with the Federal Trade Commission (FTC) estimating that $5.8 billion was lost to scams in 2021, a 70% increase from 2020. To fight the threat and help maintain compliance, several banks have turned to bots and robotic process automation (RPA). Ally Financial, for example, has partnered with […]
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- Source: https://bankautomationnews.com/allposts/risk-security/banks-employ-bots-to-fight-rising-fraud-compliance-risks/
