Yellen Says Fraud is Huge, Growing Problem in Banking System
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US Treasury Secretary Janet Yellen said that fraud in the banking system is becoming a huge problem and that her department is now using artificial intellignece to detect and deal with the issue.
“I absolutely agree with the premise — which is that fraud is becoming a huge problem,” Yellen said in answering a question after delivering prepared remarks to an event hosted by the American Bankers Association.