AI Is Making Mortgage Fraud Easier. Here's What Changes
It seems everyone is using AI to make life quicker and easier - and apparently, fraudsters are too.
From doctored bank statements and inflated income to fake paperwork that used to take serious skill to forge, AI is making mortgage and insurance fraud easier to pull off in minutes. The Financial Markets Authority (FMA) is actively investigating, and honest borrowers are the ones left competing against fake applications.
Josh Daniell, co-founder of open banking platform Akahu, joins Frances Cook to break down how the finance industry is fighting back, how open banking protects your data, and…
The skinny
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