How does AI secure real-time transactions in digital banking from fraud and unauthorized access?
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How does AI secure real-time transactions in digital banking from fraud and unauthorized access?
AI secures real-time transactions in digital banking by utilizing advanced algorithms to analyze and detect patterns of behavior that could indicate potential fraud or unauthorized access. It can flag any unusual or suspicious activity by monitoring transactional data in real-time and comparing it to typical customer behavior. AI technology can also help in verifying the identity of users through various means such as biometric authentication, voice recognition, or facial recognition. By continuously learning and adapting to new fraud trends, AI systems can enhance security measures and provide a more secure environment for online transactions.