Outpacing fraudsters with AI

Ioana Karnstedt-Hulpus. Photo: Harold van de Kamp
Ioana Karnstedt-Hulpus. Photo: Harold van de Kamp
Ioana Karnstedt-Hulpus. Photo: Harold van de Kamp - Online payments have been growing steadily for years. As a result, the risk of fraud is increasing, but proving it is challenging. Artificial intelligence (AI) can provide a solution. In the AI Lab for Sustainable Finance, researchers collaborate with the banking sector to use intelligent algorithms to better detect criminal activities. However, AI is not a panacea, warns university lecturer Ioana Karnstedt-Hulpus. Five questions for the coordinator of the AI Lab for Sustainable Finance.
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