AI’s Double-Edged Sword in Banking: Fighting Fraud While Avoiding Collateral Damage - Kennedy Meda - Fraud Talk - Episode 153

Artificial intelligence is revolutionizing fraud prevention in the banking industry, enhancing detection and risk management. But with these advancements come new challenges—fraudsters using AI to exploit vulnerabilities, biases in algorithms and the need for regulatory adaptation. In this episode, ACFE Content Manager Rihonna Scoggins speaks with fraud expert Kennedy Meda about the impact of AI on banking fraud, the balance between automation and human oversight and how financial institutions can stay ahead of emerging threats.

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Fraud Talk is the ACFE’s monthly podcast dedicated to helping professionals who fight fraud on a daily basis. In these sessions, we break down case studies, talk with the industry’s leading experts and give you more tools you can use to spot, fight and prevent fraud.