With fraud at an all-time high, banks should develop a centralized fraud-prevention strategy in response.

The latest FinXTech research report digs deep into how financial institutions could approach artificial intelligence, including potential projects, data hurdles and where the regulators stand.

What types of fraud are banks seeing lately and how can they respond? Bank Director’s Kiah Lau Haslett sits down with Alloy CEO Tommy Nicholas to talk about why fraud is so difficult for banks to prevent and detect.

Kelly Thompson Cochran, deputy director at the Washington-based nonprofit research group FinRegLab, joins Bank Director’s Banking & Fintech Editor Kiah Lau Haslett to talk about recent research into the transparency, fairness and accuracy of different credit models that use machine learning.

A few banks are using sidecar cores to experiment with alternatives and improve their capabilities.