Artificial intelligence (AI) has quickly become critical to many types of fraud investigations, including those of the U.S. government. The U.S. Treasury Department’s Office of Payment Integrity (OPI) has announced it recovered more than $375 million in fiscal year 2023 using AI. OPI currently is focusing on check fraud, which has increased 385% since the start of the COVID-19 pandemic. It’s deploying AI tools in “near real-time” to help ensure better “payment integrity.” This means that Social Security, tax refund and other government-issued checks pay “the right person, in the right amount, at the right time.” To learn more: https://bit.ly/3uTflLc
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