The Treasury Department has recovered over $375 million since it started a new AI-powered fraud detection process in late 2022. Specifically, the new tool is meant to address check fraud — which the ...

JERSEY CITY, N.J., March 04, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq:VRSK), a leading global data analytics and technology provider, today announced two new collaborations with insurance technology ...

Mastercard has integrated AI into its operations for decades, focusing on fraud detection and personalization. Generative AI is used as a feature to enhance existing products, not as standalone ...

Chances are you’ve spotted odd-looking charges on your credit card statement, which prompted you to seek a refund from your issuer. Around 50% of consumers investigated a transaction they made in the ...

Quantum software startup Haiqu announced results from a trial this week demonstrating that current quantum computers could detect subtle financial anomalies that could indicate fraud more efficiently ...

Uncle Sam has quietly deployed a new secret weapon designed to catch bad guys trying to steal from taxpayers: artificial intelligence. Starting around late 2022, the Treasury Department began using ...

ARLINGTON, Va.--(BUSINESS WIRE)--Accenture Federal Services (AFS), a subsidiary of Accenture (NYSE: ACN), has won a $73 million contract from the Internal Revenue Service (IRS) to support the agency ...

With the ease of creating convincing deepfake images and even videos threatening to increase insurance fraud, a Utah-based software company is equipping insurance companies with another layer of ...

Get the latest federal technology news delivered to your inbox. The Treasury Department has recovered over $375 million since it started a new AI-powered fraud detection process in late 2022.

Verisk’s ClaimSearch platform plays a crucial role in combating the estimated $309 billion annual toll insurance fraud imposes on American businesses and consumers by providing P&C carriers with ...