September 18, 2025Journal of Finance Issues

Role of AI in Fraud Detection: Are financial institutions using the most effective systems?

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AI significantly enhances fraud detection capabilities, but requires human oversight to ensure regulatory compliance.
Model interpretability and ethical considerations create challenges when implementing AI in fraud prevention.
Evaluation of flagged anomalies by compliance officers is crucial for accountability in financial fraud cases.
A balanced integration of AI technologies and human judgment leads to more effective fraud prevention strategies.

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Implication

This assessment reveals challenges in fraud detection systems in financial institutions, suggesting better human integration is needed for compliance.

Cite This Study

Jo et al. (2025) studied this question.

synapsesocial.com/papers/68d461bc31b076d99fa60b2e https://doi.org/10.58886/jfi.v23i2.10086

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Implication

This assessment reveals challenges in fraud detection systems in financial institutions, suggesting better human integration is needed for compliance.

Role of AI in Fraud Detection: Are financial institutions using the most effective systems?

Key Points

Discussion

Implication

Cite This Study

Role of AI in Fraud Detection: Are financial institutions using the most effective systems?

Key Points

Discussion

Implication

Cite This Study

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Also Consider