Auto Lenders Face Emerging Threat From AI-Powered Fraud Tools | PYMNTS.com

Auto Lenders Face Emerging Threat From AI-Powered Fraud Tools | PYMNTS.com

Auto lenders face an emerging threat from artificial intelligence (AI)-powered fraud tools, according to Point Predictive.

The “explosive growth” of these tools may impact lenders in 2025 and beyond, the provider of AI solutions for consumer lending said in a Tuesday (March 25) press release.

“An analysis of criminal Telegram channels revealed a 644% increase in conversations about AI and deepfakes used for fraud between 2023 and 2024, featuring sophisticated schemes such as…

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