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Australian lenders turn to cross-industry intelligence as AI drives uptick in financial fraud
Matched: Australia
Australian lenders are facing rising fraud driven by AI-generated documents, first-party fraud and money muling. In response, Equifax Australia and the Australian Finance Industry Association are collaborating to improve fraud prevention through cross-industry intelligence sharing, helping lenders better detect increasingly sophisticated fraudulent activity across the financial sector.
Experian research flags AI-data readiness gap among Australian lenders
Matched: Australia
Australian lenders are rushing to adopt AI for credit and fraud risk, but many say their data infrastructure isn't ready to support it, according to new Experian research. The findings point to a gap between deployment ambitions and data quality, with institutions potentially exposing themselves to risk by implementing AI systems before the foundational data requirements are in place.