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UK banks turn to AI for fraud prevention and to improve services

Tools help detect organised crime, automate lending checks and deliver personalised financial offerings
An abstract illustration of humanoid character in front of a bank safe representing AI in action in detecting fraud.

Britain’s big banks are using artificial intelligence to crack down on people trafficking, personalise customer investment choices and overhaul call centres.

The latest wave of generative AI models are allowing lenders to go beyond traditional machine learning techniques, which have long been used to identify potential cases of fraud and assess credit risks. 

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