In short, yes, Artificial Intelligence is effective in fighting fraud. It is already preventing a lot of fraud and is expected to dramatically decrease all cases of fraud in as little as 4 years. With changes in technology comes new ways for fraudsters to go about their work. Artificial intelligence (AI) may be the only…
Risks Associated With Accounts Payable
Hi, my name is Bushra, and in this, my first article, I will be writing about some of the potential risks associated with accounts payable. This will include a look at a couple of key areas where fraud can be a risk, payment processing issues, and how to resolve these problems. My aim? Well hopefully…
Artificial Intelligence: A Modern Approach to Combat Fraud
Preventing fraud has never been an easy task… perhaps Artificial Intelligence (AI) is a modern approach to overcoming this age old problem. Not just for organisations but for individuals the possibilities are pretty incredible. We’ve all heard about AI and the wonders that the likes of Google and Tesla are creating with it. In the…
Fraud in Finance Isn’t New
Fraud through the ages Fraud in Finance is nothing new, it’s a serious crime that’s got severe punishments associated to it and it always has. Since the internet was created in the late 1980’s, and the news became readily available for everyone to see and now it seems that the fraud cases have become a…
Combating Document Fraud with Digital Technology
Document fraud is the third largest criminal industry in the world – but are we doing enough about it? In 2016, only one in three decision makers had solutions in place to detect document fraud concerning incoming documents. And yet, 64% of decision makers admitted that the need to manage the risk of document fraud…