As technology continues to advance, so do the methods used by fraudsters to commit financial crimes. In response, financial institutions are constantly seeking new and innovative ways to detect and prevent fraud. One such solution is the use of artificial intelligence (AI) and quantum machine learning.
AI has already been used in fraud detection for some time, but quantum machine learning takes it to the next level. Quantum machine learning is a type of machine learning that uses quantum computing to process data. This allows for much faster and more efficient processing than traditional computing methods.