In today’s digital age, financial systems are increasingly vulnerable to fraudulent activities. The rise of cybercrime has made it imperative for financial institutions to adopt advanced technologies to detect and prevent fraudulent activities. Artificial intelligence (AI) and quantum computing are two such technologies that have the potential to revolutionize fraud detection in financial systems.
AI is a technology that enables machines to learn from data and make decisions based on that learning. In the context of fraud detection, AI can be used to analyze large volumes of data and identify patterns that are indicative of fraudulent activities.