"70% of FIs utilize both AI and ML in their efforts to counter fraud, with nearly 60% using mostly in-house solutions. Additionally, just 14% of FIs use only AI/ML tools they’ve developed in-house, while nearly 30% rely exclusively on third-party solutions to provide these."

https://www.pymnts.com/fraud-prevention/2024/half-of-fis-rely-entirely-on-external-data-encryption-tools-to-detect-fraud/#:~:text=Half%20of%20FIs%20Rely%20Entirely%20on%20External%20Data%20Encryption%20Tools%20to%20Detect%20Fraud