of AI’s role in financial services today and into the future? A few themes surfaced around the AI subject: Curated and/or personalized experiences at scale Powering fraud management more ... and companies lose to fraud. Lexis Nexis estimates that for every dollar lost to a fraudster, it costs financial institutions in North America $4.41. The positive implications of reducing fraud rates ... innovative fraud management platforms. It’s just a matter of time before we see this become mainstream. Finally, AI as a co-pilot to professionals in the industry is something that’s already being tested
to enhance its compliance program and doubled the size of its compliance team to build a best-in-class program with record-low consumer fraud complaints. MoneyGram also created a Compliance and Ethics ... MoneyGram NY CFPB Lawsuit MoneyGram v New York/CFPB Lawsuit Response MoneyGram Responds to Baseless Litigation and Claims by the Consumer Financial Protection Bureau Director and the NY Attorney General MoneyGram CFPB, New York (NY) Lawsuit Response Read the MoneyGram Response to Baseless Litigation and Claims by the Consumer Financial Protection Bureau Director and the New York (NY) Attorney