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Financial institutions news from around the web: February 12 – 16, 2024

Written on Feb 16, 2024

For some companies, AI is an opportunity to enhance productivity and profit. Will their workers benefit as well? 

Survey of more than 450 fraud decision-makers at U.S. and UK banks, credit unions and fintechs found that investment in fraud prevention tools may help decrease reported fraud attacks. 

Payments giant Mastercard says it has built its own proprietary generative artificial intelligence model to help thousands of banks in its network detect and root out fraudulent transactions. 

The 2023 total of 6,569 represents a more normal level of business bankruptcy filings after two years of relative calm. 

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