The Application of Artificial Intelligence for the Purpose of Combating Bank Fraud
Caprian Iurie

Caprian, Iurie. (2023) “The Application of Artificial Intelligence for the Purpose of Combating Bank Fraud.” The Problems of Economy 2:204–212.
https://doi.org/10.32983/2222-0712-2023-2-204-212

Section: Finance and banking

UDC 336

Abstract:
Artificial intelligence (AI) is a technological (informational) complex designed to imitate human intelligence to perform tasks that previously required human input. AI has become an important component of the new economic and financial processes, with applications in various fields, including in the banking sphere. The purpose of this publication is to present the essence of AI through the lens of benefits and specific areas of the banking industry, including for combating bank fraud. For this, the author used the publications accessible in the form of analytical reports and expert views. Then a synthesis image was formed on the topic addressed and the related conclusions were formulated. The conducted study demonstrated the high potential of AI for promoting the innovative process on the banking market, raising the quality level of banking products based on deep knowledge of market trends, preferences and customer behavior. In the same way, AI has become an important applicable component within the banking institutions' divisions for management of placements and risks. AI has also become an important component in the activity of ensuring the cybersecurity of banks and the security of customers' banking operations, as well as combating bank fraud in different forms.

Keywords: artificial intelligence, bank, customer, fraud, fighting, protection.

Bibl.: 39.

Caprian Iurie – Postgraduate Student, State University of Moldova (60 Alexei Mateevici Str., Chisinau, Moldova)
Email: iuriecaprian@gmail.com

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