Artificial intelligence is the dawn of a new age, spreading wings elegantly towards every direction of digital gateways. A better understanding and know-how means easy translations that can be done with just a click. Due to the increasing reliability on mechanical prowess, financial institutions and banks have also employed AI to identify and prevent another not-so-known type … [Read more...] about AI IN PAYMENTS AND FRAUD RISK MANAGEMENT SUMMIT (AMERICAS)
fraud
Why AI-based Digital Document Verification Is the Most Effective Way to Verify Identity and Impede Fraud
Can you show some kind of ID? is undoubtedly one of the most common questions businesses have to ask their customers, in one form or the other, online or offline. No matter what industry you are in “ banking, insurance, healthcare, technology, travel, hospitality, education, eCommerce, or other online services “ you are mandatorily required to verify that a customer is who … [Read more...] about Why AI-based Digital Document Verification Is the Most Effective Way to Verify Identity and Impede Fraud
5 Surefire Fraud Prevention Strategies to Safeguard Your Business
With the progressive global outlook and technological advancements, the fraudulent activities are on the rise. This has become a serious risk especially for startups and other small business owners. The adoption of advanced technologies and complex organizational structure has made such corporations vulnerable to fraudulent activities. According to a 2014 research by Global … [Read more...] about 5 Surefire Fraud Prevention Strategies to Safeguard Your Business
How Machine Learning for Fraud Detection Works in Different Industries
In a world where there are no absolute security guarantees, any organization could potentially become a victim of fraud. And non-profit companies, too - because data sometimes takes on even more weight than pure money. The more companies come up with protection methods, the more scammers come up with ways to outwit them in return. This is like running in a vicious circle, and … [Read more...] about How Machine Learning for Fraud Detection Works in Different Industries
AI in Payments & Fraud Risk Management Summit
Artificial Intelligence (AI) is here for quite some time and is successfully being used in the banking applications like Fraud Analysis and Customer Risk Scoring but with a limited scope. With such high expectations for the technology in payments and in myriad other industries, what will AI actually mean for consumers and merchants? What types of problems do payments technology … [Read more...] about AI in Payments & Fraud Risk Management Summit
