Hang on a minute
"Online services like fraud analysis or threat intelligence are some of the areas that are expected to become increasingly powered by AI, and these capabilities were already previously handled by software"
And they will continue to be. Just slapping AI on the process doesn't make it AI. Fraud analysis is not entirely easy, but if you think that a statistical analysis machine is going to erase fraud I have a bridge to sell you.
I have had a training course in detecting fraudulent activity, mandated by one of the clients I work for. It is . . . complicated. I'm not convinced that an "AI" is going to do any better than what is in place at the moment.
But hey, banks have money. If they want to waste it on this, good for anyone who gets the deal.
