Author: Arabian Media staff
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Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe European Commission is proposing a pause to parts of its landmark artificial intelligence laws amid intense pressure from Big Tech companies and the US government. Brussels is set to water down part of its digital rule book, including its AI act that entered into force last year, in a decision on a so-called simplification package on November 19. The move reflects EU efforts to make the bloc more competitive against the US and China. The draft proposal comes amid…
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Image: Getty Images/ For illustrative purposes As financial institutions race to outpace increasingly sophisticated digital fraud, INETCO stands at the forefront of developing intelligent defenses. Chief technology officer and co-founder Ugan Naidoo speaks with Gulf Business about how AI and machine learning are transforming fraud detection, the importance of real-time transaction intelligence, and why innovation is key to maintaining trust and resilience in modern banking. What are the biggest threats today from AI-driven fraud targeting banks and payment processors? Financial institutions worldwide are losing billions of dollars every year to fraudsters taking advantage of fast-paced digitalisation, expanding instant payments and…
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