BREAKING BARRIERS: HOW ARTIFICIAL INTELLIGENCE IS REVOLUTIONIZING FRAUD DETECTION IN DIGITAL PAYMENTS

Abstract

Artificial intelligence (AI) is remodeling fraud detection in virtual bills through using changing conventional rule-primarily based systems with superior gadget studying (ML) and anomaly detection algorithms. These AI-pushed structures can become aware of fraudulent styles in real-time and adapt to evolving threats. Technologies like deep getting to know and federated studying are enhancing detection accuracy, at the same time as blockchain integration improves transaction transparency. Despite its benefits, stressful situations at the side of information privacy worries, version interpretability, and system integration persist. AI is reshaping the security landscape of virtual payments, boosting performance and consider. As fraud processes turn out to be more sophisticated, AI's function in stopping financial fraud will become even greater essential. Continued innovation is crucial to address emerging challenges and make certain secure digital transactions. AI-driven fraud detection is paving the way for the future of economic safety.