Artificial intelligence for good: Using AI to stop fraud and scams in financial services

Wednesday, May 7, 2025, 11:00 a.m. – 12:15 p.m. EDT 
Online: https://www.brookings.edu/events/artificial-intelligence-for-good-using-ai-to-stop-fraud-and-scams-in-financial-services/ 

A century ago, Willie Sutton robbed banks with guns “because that was where the money was.” Today, with the rise of online banking, digital transactions, and electronic money, scam artists and fraudsters use phishing emails, hacks, synthetic identities and all sorts of scams to steal from people and financial institutions. In response to this new era of theft, firms are utilizing artificial intelligence programs designed to detect, deter, and stop scams and frauds.

On Wednesday, May 7 the Center on Regulation and Markets at the Brookings Institution will convene a panel of leading experts from Block, JP Morgan Chase, and FinRegLab to discuss the potential for AI as a new weapon to fight fraud and scams.

This event is a part of the Center on Regulation and Markets Series on Financial Markets and Regulation. Viewers can join the conversation and ask questions in advance by emailing events@brookings.edu and on X @BrookingsEcon using the hashtag #AIforGood.