The financial services industry is relying on outdated methods of detecting and fighting fraud. With the assistance of artificial intelligence, criminals are penetrating vulnerable systems. It's time ...

OpenAI's top executive is warning that artificial intelligence is about to supercharge bank fraud at a scale the financial ...

Zions Bancorporation’s massive loss sparks fears about hidden problems across America’s banking system A stunning fraud case has sent shockwaves through America’s banking system, leaving customers and ...

Merchants Bank of Indiana revealed it had fewer bad loans attributable to mortgage fraud in its most recent quarter. The regional bank wrote down about $30 million in loans in the third quarter, ...

The Federal Reserve is racing to confront a new kind of systemic risk, one that does not start with bad loans or exotic derivatives but with cloned voices and synthetic identities. After OpenAI chief ...

Merchants Bank of Indiana, a go-to lender for multifamily dealmakers across the U.S., cited commercial mortgage fraud for its poor second-quarter earnings. The Carmel, Indiana-based regional bank ...

What should you do if a bank suddenly closes your account? We take a look and help a father who is stressed about his 16-year ...

Community colleges in California for years have been fighting a losing battle with fraudsters who have stolen millions of dollars in federal and state financial aid. But now state officials believe ...