Artificial intelligence (AI) has long been a topic that’s confounding and downright worrisome to financial institutions. Read more!

Cybercriminals are stealing data from fintech platforms to create synthetic identities and commit fraud. Here’s how it’s impacting them.

“Frankenstein IDs” refer to synthetic identity fraud carried out by criminals that have created fictitious identities. Synthetic IDs are stitched together pieces of mismatched identities — some fake, some real, some even deceased.