Plaid has been pushing hard into fraud protection, and revenue from these services is hitting “double digits,” Perret said. He argued generative AI is both a help and a hindrance when it comes to fighting financial fraud. “There’s this crazy cat-and-mouse game that’s going on right now with the fraudsters using AI tools to create deep fakes, and us and many others using the the tools to fight them.”
“We’re in a period of time where they probably are [better] right now, but I don’t think it will last all that long.”
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