Big data is changing the way fintech companies handle fraud detection and risk assessment. As the fintech landscape changes with time, the demand for robust security measures is more important than ever. Big data technologies are playing a significant role in this transformation. They empower fintech companies to analyze vast amounts of transactional data accurately. This … [Read more...] about Risk Assessment and Fraud Detection in Fintech with Big Data
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Large Language Model Usage: Assessing The Risks And Ethics
With the ever-expanding use of large language models (LLMs) to generate information for users, there is an urgent need to assess and understand the risks and ethical implications of any given usage. Even seemingly similar uses can have very different risk and ethical profiles. This post will discuss and illustrate with some examples. Defining Risk And Ethics In The … [Read more...] about Large Language Model Usage: Assessing The Risks And Ethics
Does Predictive Analytics Improve Risk Management in Banking?
Risk management is critical in the banking industry because it safeguards financial stability and ensures compliance with regulatory requirements. It involves identifying, assessing and mitigating various risks - including credit, market and operational risks - that could threaten the institution's assets and reputation. Predictive analytics enhances risk management … [Read more...] about Does Predictive Analytics Improve Risk Management in Banking?
8th Middle East Banking AI & Analytics Summit
The ability of artificial intelligence & data analytics to generate actionable insights have transformative impact on the banking, financial services & insurance industry in the Kingdom of Saudi Arabia enabling better-informed decision making and personalized client experiences. AI and analytics, is all set to revolutionize & redefine the traditional modes of … [Read more...] about 8th Middle East Banking AI & Analytics Summit
7th Middle East Banking AI & Analytics Summit
With the advent of AI, there has been a significant structural shift in the banking industry, not only in the MENA region but across the globe. As technology evolves, the banking industry will likely see further advancements, with a focus on more sophisticated applications and a continued emphasis on improving customer journey, operational efficiencies, security & adherence … [Read more...] about 7th Middle East Banking AI & Analytics Summit
