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In 2020, AI is set to move towards collaboration in different sectors. Samsung's SelfieType and Ballie that runs your smart home are prominent examples of AI’s utilization and prove that big tech companies are relying on AI for future advancements. To fully unleash the power of AI in fraud prevention requires access to very large scale data. From data, AI algorithms will be able to derive highly accurate predictions, risk management, and ongoing transaction monitoring. This means that businesses and stakeholders must commit to adopting AI-driven fraud prevention solutions to gain meaningful results.