Artificial Intelligence

Fraudsters are using new and evolved tactics to target a change in consumer behaviour brought on by the pandemic. One Australian bank has taken up the challenge to catch fraudsters at their own game.

Neobank Douugh (ASX: DOU) shares are up 30% at the time of writing, and up a whopping 1100% after a successful backdoor listing on the ASX at 3c. Neobanks (or digital banks) are simply new app-based banks. No branches, no cash, and interaction entirely through a smartphone app. Although dubbed a neobank, Douugh is so…