Brookings: An Artificial Intelligence for Good – Using AI to Stop Fraud and Scams in Financial Services

Brookings is hosting An Artificial Intelligence for Good: Using AI to Stop Fraud and Scams in Financial Services event on Wednesday, May 7^th, from 11:00 AM to 12:15 PM, at the Brookings Institution.

A century ago, Willie Sutton robbed banks with guns “because that was where the money was.” Today, with the rise of online banking, digital transactions, and electronic money, scam artists and fraudsters use phishing emails, hacks, synthetic identities and all sorts of scams to steal from people and financial institutions. In response to this new era of theft, firms are utilizing artificial intelligence programs designed to detect, deter, and stop scams and frauds. On Wednesday, May 7^th, the Center on Regulation and Marketsat the Brookings Institution will convene a panel of leading experts from Block, JP Morgan Chase, and FinRegLab to discuss the potential for AI as a new weapon to fight fraud and scams. Viewers can join the conversation and ask questions in advance by emailing events@brookings.edu.

Click here to learn more and register.