CTBC Bank reduces digital fraud by 60% with AI and cross-industry data analysis, boosting alert accuracy to over 50%

CTBC Bank uses AI and cross-industry data analysis to reduce digital fraud risks, cutting fraudulent applications by 60% since May 2023. The project improved detection efficiency, increasing alert accuracy from 4% to over 50%. For its advanced technology and significant impact on fraud prevention, the award for Best Anti-Fraud Customer Initiative in Taiwan goes to CTBC Bank’s ‘AI Skynet Project’.