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With the rapid growth of technology, especially the widespread application of artificial intelligence (AI) technology, the risk management level of commercial banks is constantly reaching new heights. In the current wave of digitalization,…

Risk Management · Quantitative Finance 2024-04-30 Shuochen Bi , Wenqing Bao

Globally, artificial intelligence (AI) implementation is growing, holding the capability to fundamentally alter organisational processes and decision making. Simultaneously, this brings a multitude of emergent risks to organisations,…

Computers and Society · Computer Science 2024-04-10 Finlay McGee

With the rapid technological advancement, security has become a major issue due to the increase in malware activity that poses a serious threat to the security and safety of both computer systems and stakeholders. To maintain stakeholders,…

Credit card fraud is an ongoing problem for almost all industries in the world, and it raises millions of dollars to the global economy each year. Therefore, there is a number of research either completed or proceeding in order to detect…

Machine Learning · Computer Science 2020-07-30 Yusuf Yazici

The rapid adoption of artificial intelligence (AI) poses new and poorly understood threats to financial stability. We use a game-theoretic model to analyse the stability impact of AI, finding that it amplifies existing financial system…

General Economics · Economics 2025-07-08 Jon Danielsson , Andreas Uthemann

Artificial Intelligence techniques have evolved rapidly in recent years, revolutionising the approaches used to fight against cybercriminals. But as the cyber security field has progressed, so has malware development, making it an economic…

Cryptography and Security · Computer Science 2022-10-21 Adam Wolsey

Artificial Intelligence (AI) is an important driving force for the development and transformation of the financial industry. However, with the fast-evolving AI technology and application, unintentional bias, insufficient model validation,…

Machine Learning · Statistics 2019-12-17 Yukun Zhang , Longsheng Zhou

Criminal activity is a prevalent issue in contemporary culture and society, with most nations facing unacceptable levels of crime. Technological innovation has been one of the main driving forces leading to the continuous improvement of…

Computers and Society · Computer Science 2021-02-09 Dario Ortega Anderez , Eiman Kanjo , Amna Amnwar , Shane Johnson , David Lucy

The outlook for the future of artificial intelligence (AI) in the financial sector, especially in financial forecasting, the challenges and implications. The dynamics of AI technology, including deep learning, reinforcement learning, and…

Statistical Finance · Quantitative Finance 2024-11-22 Shuochen Bi , Tingting Deng , Jue Xiao

Money laundering is a profound global problem. Nonetheless, there is little scientific literature on statistical and machine learning methods for anti-money laundering. In this paper, we focus on anti-money laundering in banks and provide…

Machine Learning · Statistics 2023-03-22 Rasmus Jensen , Alexandros Iosifidis

The risk of financial fraud is increasing as digital payments are used more and more frequently. Although the use of artificial intelligence systems for fraud detection is widespread, society and regulators have raised the standards for…

Machine Learning · Computer Science 2025-09-17 Ngoc Hieu Dao

Accounting fraud is a global concern representing a significant threat to the financial system stability due to the resulting diminishing of the market confidence and trust of regulatory authorities. Several tricks can be used to commit…

Machine Learning · Statistics 2018-05-09 Maria Jofre , Richard Gerlach

Fraudulent transactions and how to detect them remain a significant problem for financial institutions around the world. The need for advanced fraud detection systems to safeguard assets and maintain customer trust is paramount for…

Machine Learning · Computer Science 2023-12-22 Tomisin Awosika , Raj Mani Shukla , Bernardi Pranggono

The automatic detection of frauds in banking transactions has been recently studied as a way to help the analysts finding fraudulent operations. Due to the availability of a human feedback, this task has been studied in the framework of…

Machine Learning · Computer Science 2020-04-24 Christelle Marfaing , Alexandre Garcia

Money laundering is the process where criminals use financial services to move massive amounts of illegal money to untraceable destinations and integrate them into legitimate financial systems. It is very crucial to identify such activities…

Artificial Intelligence · Computer Science 2023-02-27 Md. Rezaul Karim , Felix Hermsen , Sisay Adugna Chala , Paola de Perthuis , Avikarsha Mandal

Generative Artificial Intelligence (GenAI) is rapidly reshaping the global financial landscape, offering unprecedented opportunities to enhance customer engagement, automate complex workflows, and extract actionable insights from vast…

Cryptography and Security · Computer Science 2025-05-01 Bikash Saha , Nanda Rani , Sandeep Kumar Shukla

In today's world, with the rise of numerous social platforms, it has become relatively easy for anyone to spread false information and lure people into traps. Fraudulent schemes and traps are growing rapidly in the investment world. Due to…

Artificial Intelligence · Computer Science 2023-08-23 Prabh Simran Singh Baweja , Orathai Sangpetch , Akkarit Sangpetch

Artificial intelligence (AI) continues to find more numerous and more critical applications in the financial services industry, giving rise to fair and ethical AI as an industry-wide objective. While many ethical principles and guidelines…

Computers and Society · Computer Science 2021-11-03 Eren Kurshan , Jiahao Chen , Victor Storchan , Hongda Shen

The advent of cardless artificial intelligence (AI) banking heralds a paradigm shift in the financial landscape, offering users unprecedented security and convenience. This paper outlines a comprehensive framework designed to enhance…

Cryptography and Security · Computer Science 2026-05-22 Md Israfeel

The obstacles of each security system combined with the increase of cyber-attacks, negatively affect the effectiveness of network security management and rise the activities to be taken by the security staff and network administrators. So,…

Cryptography and Security · Computer Science 2025-02-06 Mamoon A. Al Jbaar , Adel Jalal Yousif , Qutaiba I. Ali