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Empowering Fraud Detection with Explainable AI: Staying Ahead of Evolving Threats

Empowering Fraud Detection with Explainable AI: Staying Ahead of Evolving Threats

Secure. Automate. – The FluxForce Podcast
• 6 min
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In this episode, we explore the critical role of Explainable AI in detecting emerging fraud patterns faster and more effectively. As fraud tactics continue to evolve, organizations face the challenge of not only identifying fraud but also understanding the reasons behind suspicious activities. With fraud losses surpassing $12.5 billion in 2024, the need for transparent AI solutions has never been more urgent. We discuss how Explainable AI enhances transparency, provides actionable insights, and aligns with regulatory expectations to empower organizations in their fight against financial crime.