Banking & Finance News Wrap | Weekly Snippets
✅ Fraud protection just got a massive upgrade as Mastercard unveils its AI Tool to combat APP scams worldwide. https://www.livemint.com/ai/artificial-intelligence/mastercards-new-ai-tool-will-help-banks-tackle-app-scams-globally-11688603976444.html ✅ TotallyMoney joins forces with Bud to introduce an AI-powered Payments Tracker that will help users with tracking expenses, personalise spending recommendations, and more. https://thepaypers.com/online-mobile-banking/totallymoney-partners-with-bud-to-launch-ai-powered-payments-tracker–1263564 ✅ After the likes of Facebook and Google, Elon Musk takes the leap into the world of Super Apps with Banking on X https://www.bloomberg.com/news/articles/2023-07-25/elon-musk-pursues-banking-in-wake-of-rivals-failed-attempts ✅ Cyber Police tracks banking fraud in Kozhikode. The forgery was worth ₹40,000 and the scammers took the help of AI tools to run the operation. Read more. https://www.thehindu.com/news/cities/kozhikode/banking-fraud-using-ai-probe-in-full-swing-to-track-suspects/article67116085.ece