Stu Bradley Sr. VP of Risk, Fraud and Compliance Solutions at SAS
As in other industries, the explosion of generative AI (GenAI) has forced the financial services sector to quickly adapt while riding a wave of regulatory and ethical questions. How will banks, insurers and other financial firms balance the risks and rewards of GenAI and other transformative technologies in 2024? Polling my team of financial servi...
01 March 2024 /retail /predictions Artificial Intelligence and Financial Services
In her 2009 hit single, Lady Gaga sings about being “caught in a bad romance” with an irresistible lover. Not unlike the songstress, nearly 70,000 US singles were entangled in a bad romance of their own in 2022: a romance scam. The Federal Trade Commission’s (FTC) latest data reveals a heart-stopping $1.3 billion swindled by romance scammers in 20...
13 February 2023 /payments /crime Fintech
‘Twas the night before 2023, when all through the digiverse, Fraudsters were stirring, planning their next curse. Digital programs are launched, we think with great care. Then chaos ensues, and we count our losses in despair. We needn’t look too far into the rearview mirror for examples of how criminals twist chaos and disruption into lucrative opp...
20 December 2022 /crime /predictions Artificial Intelligence and Financial Services
As the rapidly spreading coronavirus spurred lockdowns and ongoing social distancing measures around the world, consumers flocked to digital channels to replace or supplement face-to-face interactions. Mobile apps and online channels correspondingly mushroomed. In the US, for example, banks saw mobile business grow 50% in the first half of 2020. Ne...
30 August 2021 /payments /identity Digital Identity Management
2020 was a year like no other, as disruption from the novel coronavirus pandemic created interlinked health and economic crises. In retrospect, the unknown magnitude of COVID-19 and its ripple effects did little to derail the accuracy my 2020 fraud predictions. Three of the five came to fruition, and we saw partial progress toward the remaining tw...
25 February 2021 /crime /predictions Innovation in Financial Services
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