The Impact Of AI On Bank Transactions And Fraud Prevention

In all banking systems, Identity and Access Management (IAM), Advertising Manager, and Identity Management (ID management) are essential since they allow us to know exactly who the person trying to enter a system is. Due to the leakage of information from user data, it is key to keep the information confidential, fully protected, because criminals are looking for this data to make possible attacks on the system or simply to steal information. Artificial intelligence allows the incorporation of a second identification factor for user access. In this model, there is a first identification factor pointing to what ‘is known‘, and then a second element seeks to verify with something that is with us, such as a token. Advances like these, minimize the risks of fraud for improper access or identity theft. Technologies that accompany artificial intelligence AI does not work alone, it also uses other technologies and can even be combined with booming trends such as blockchain. We ca
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Picture of Dr. Raul V. Rodriguez
Dr. Raul V. Rodriguez
Dean at Woxsen School of Business. He is a registered expert in Artificial intelligence, Intelligent Systems, Multi-agent Systems at the European Commission, and has been nominated for the Forbes 30 Under 30 Europe 2020 list.
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