Fortis’ Post

I had the privilege of joining Timmy Nafso on the Embedded podcast by Fortis to discuss how KeyBank is tackling some of the biggest challenges in banking, while continuously innovating to enhance the customer experience. Here are a few key takeaways from our conversation: - Evolving with clients' needs: Banks must embed solutions directly into our clients' operations to eliminate unnecessary friction and improve efficiency. - Balancing risk and experience: We’re focused on delivering seamless user experiences without compromising on security and risk management. - AI-powered fraud prevention & customer service: As cyber threats grow increasingly complex, we are focusing on how AI can safeguard our clients and secure their transactions. AI is also playing a growing role in how we serve our clients — helping us respond faster and more accurately. - Innovating with purpose: Our Virtual Account Management (KeyVAM) solution is a perfect example of how we're modernizing banking to meet the demands of commercial clients. Thanks to Fortis for the great conversation about the future of banking! #iamkey Listen to the full episode here: https://hubs.ly/Q02Nnzgz0

AI is transforming the game in banking security. Thanks to its advanced algorithms, AI is helping banks stay one step ahead of cyber fraud. Mastercard's introduction of the Decision Intelligence Pro model uses generative AI to enhance fraud detection capabilities, with several significant implications on the industry. So what do you need to know? Swipe through for my top five takeaways 👉 —— Read more in the CNBC article, here: https://lnkd.in/evffeUUE #AI #BankingSecurity

Kyle King, our Executive Director of Data & Security, recently talked to PYMNTS about the evolution of #authentication practices and how continuous verification, holistic approaches and smart authentication driven by #AI and #data play a pivotal role. More: https://bit.ly/3P3Ac5w Let's have a conversation on how we can help with your security and fraud mitigation needs.   #DigitalBanking #DigitalFirst #Security #FraudMitigation

We're committed to creating a secure banking environment for our customers. Our AI-powered fraud detection system is a key component of this commitment. It's not just about preventing losses; it's about peace of mind. #Cybersecurity #CustomerFocus #FinancialWellbeing #AI #FraudDetection

#GenAI is a hot topic - join my colleagues Christopher Uriarte and Samantha Gordon to learn about the impact of GenAI on fraud risk and fraud mitigation

GenAI is a hot topic no matter where you look. In the #payments industry, one big question is whether #GenAI is going to be a force that helps fraudsters, or fraud-fighters (answer: yes.) Christopher Uriarte and I will be diving into all things GenAI + payments fraud on the next episode of Fraudwatch, along with Rohit Chauhan, Mastercard's EVP of Artificial Intelligence. Register here to join us at 1pm EST on June 26! https://lnkd.in/gCxJtKfV

Explore the banking of the future as we use AI to improve client experiences and optimize processes. Click to find out how AI can change your financial experience https://bit.ly/44zP2Hp #BankingInnovation #DigitalTransformation #Cybersecurity #AIinBanking #DataSecurity #artificialintelligence #bankingtransformation #AIAnalytics #AIandData

100% one webinar not to miss for any professional interested in how AI is reshaping fraud risks and what that means for your compliance and security strategies. Register Here: https://lnkd.in/eYWQ3wGN #identityfraud #fraud #fraudprevention #cybersecurity #compliance #antifinancialcrime #AI #webinar #fincrime #aml #kyc #identityverification #documentfraud #deepfakes #trends

False Positives...Will We Ever Get Rid of Them? If you ask yourself the same question, then you'll enjoy Hawk's session at the Datos Insights' Financial Crime and Cybersecurity Forum on August 27-28. Our VP of Strategy, Chris Caruana (MBA, CAMS), will be covering: - How close are we to completely eliminating false positives? - The role of AI and advanced analytics in detection accuracy and false positive reduction - The impact of false positives on regulatory reporting and audit processes If you'd like to meet with us at the event, you can pre-book a meeting with us here: https://lnkd.in/deZ_ZkRN See you there! #aml #fincrime #datosinsights #fincrimeforum #banking #bankingtech #compliance #ai #machinelearning #cybersecurity #falsepositives

Video Log 4: Digital Fraud Landscape I had an interesting conversation with Pratyusha Vemuri, founder and CEO of Raptorx.ai, about fraud detection challenges and best practices to detect it. Here is the summary of the discussion: - Key Challenges: Fraudsters constantly adapt tactics and use sophisticated techniques to hide. This, combined with the massive volume of transactions, makes fraud detection difficult. - Targeted Industries: Banking and e-commerce are particularly vulnerable, with fraud types like account takeover, chargebacks, and identity theft being common. Pratyusha's Recommendations: - Identity Focus: Businesses must rigorously track and understand the identities of employees and customers. - Behavior Tracking: Apply behavioral biometrics to gain insight into patterns. - Strong Authentication: Prioritize reliable methods to verify users. - AI Adoption: Employ the latest, most sophisticated unsupervised AI models for enhanced accuracy and speed #cybersecurity #security #identitytheft #hacking #artificialintelligence #ai