Kenyan commercial banks are facing significant financial losses due to fraud, with a new study highlighting the critical role of Artificial Intelligence (AI) in combating these crimes and improving financial performance.

• A new study indicates that AI-driven transaction analysis can explain a striking 82.7% of Kenyan commercial banks’ financial performance.
• The study emphasizes that advanced transaction analysis, particularly with AI, is becoming the primary defense against increasingly sophisticated financial criminals.
• The focus is shifting from reactive detection to proactive prevention of fraud within the banking sector.