The Rising Threat Landscape Financial institutions face 2.8x more cyberattacks than other industries (IBM Security, 2024), with: 43% of breaches originating from phishing (Verizon DBIR) 78% of alerts being false positives (Ponemon Institute) Leading banks now leverage AI to: Reduce false positives by 44% (JPMorgan Chase SEC Filing) Detect novel[Read More…]
AI
AI for Credit Scoring: How to Increase Approvals Without Risk
The $1.2T Credit Gap Traditional credit scoring excludes 26% of creditworthy consumers (FDIC, 2024), while manual reviews cost banks $25–$50 per application (McKinsey). AI-powered systems now: Approve 18–32% more applicants without increasing risk (FICO) Reduce decision time from days to seconds Cut default rates by 22% (Experian) 1. The Problem[Read More…]
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