Fraud Detection Low Latency Fraud Detection & Prevention A PwC survey showed that in 2020 about 49% of companies had experienced fraud amounting to $42B in losses, and the cost of fraud for banks grew by 17% since 2019. This reality is increasing the investment companies are making in fraud detection and prevention (FDP)....
AI in Finance Intersectional Group Fairness in Machine Learning At the ML Fairness Summit, we welcomed Fiddler Data Scientist, Léa Genuit to discuss intersectional group fairness. As more companies adopt AI, more people question the impact AI creates on society, especially on algorithmic fairness....
International Women's Day Top 30 Women in FinTech This year, we're taking the time to recognise and celebrate some of the fantastic women working within FinTech, as an important reminder of their accomplishments & contributions toward the field...
Insurance How to Overcome Main Challenges in Implementing AI in the Insurance Industry and Improve Claims Management Process By implementing Artificial Intelligence into claims adjustment software, the insurance enterprises are enabled to gain new quality in claims management and achieve impressive operational savings....
Enterprise Software What is AI Assurance? It is essential that trust is built into the deployment and development of AI systems. With the prevalence of AI's role in almost every area of society, trust and robustness are more important now than ever for the deployment of AI at scale....
AI Applications 6 Uses of AI, ML & NLP in Finance & Insurance There are swathes blogs covering the impact of AI on both the financial and insurance industries, however, many look at farfetched AI and ML concepts, not yet trialed or applied in either....
Fraud Detection The Face Behind Financial Solutions at Shopify With a staggering 25.5 million Shopify merchants between Black Friday and Cyber Monday last year alone, the number of people chasing financial queries is unimaginable. We sat down with Data Science Lead & Fraud Detection Team Manager Nevena Francetic to hear how she manages it all....
Insurance Imbalanced Data and Credit Card Fraud Detection In 2018, just under five million people fell victim to debit or credit card fraud in the UK - with over £2 billion stolen in total, averaging £833 per person. By 2025, the global losses to credit card fraud are expected to reach almost $50 billion....
FinTech AI in Finance Summit, New York - Day 1 Highlights Leaders in Artificial Intelligence from industry and academia gathered in New York today to attend the first day of RE•WORK’s AI in Finance Summit. Over 250 attendees participated in a plethora...
Deep Learning Eliminating Fraud at Uber With AI The concept of ordering a taxi has been dramatically transformed in recent years. Gone are the days when it was necessary to pre-book a taxi home from your Christmas party, or when you...
Neural Networks Top 5 Key Areas: Deep Learning in Retail & Advertising Recent advances in deep learning have enabled research and industry to master many challenges in computer vision and natural language processing that were out of reach until just a few years ago. Yet...
