Swift to Launch AI-Powered Fraud Defence to Enhance Cross-Border Payments
October 17, 2024 at 04:50PM Swift announced the launch of AI-enhanced fraud detection for global payments in January 2025, following successful collaboration with banks. This service builds on existing capabilities, using data to identify suspicious transactions in real-time. The initiative aims to combat financial fraud, which cost the industry $485 billion in 2023. **Meeting Takeaways: … Read more