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Generative AI-driven fraud is an escalating threat to the financial services industry, with increasingly sophisticated tactics being employed. Losses tied to gen AI are projected to reach $40 billion by 2027, up from $12.3 billion in 2023 — a 32% compound annual growth rate — according to the Deloitte Center for Financial Services. The […]
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Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
