Ally Financial uses RPA, AI to combat synthetic identity fraud

SEATTLE — Ally Financial is using robotic process automation (RPA) and artificial intelligence (AI) to identify the fraudulent paystubs commonly used in conjunction with synthetic identities.   The lender is leveraging the automations to combat mounting fraud losses, Kevin Faragher, senior director of product and strategy at Ally Financial, said during the Monday panel discussion “Automation to Detect […]