machine learning

Machine learning is a method of data analysis that automates analytical model building. It is a branch of artificial intelligence based on the idea that systems can learn from data, identify patterns and make decisions with minimal human intervention.

Source: sas.com

AI Driving Layoffs: How Technology is Transforming the Workforce
AI Driving Layoffs: How Technology is Transforming the Workforce
February 09, 2024  |  artificial intelligence

Artificial intelligence (AI) is rapidly advancing and transforming industries across the globe. While it promises to enhance productivity and efficiency, there is growing concern about...

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Half of FIs Rely Entirely on External Data Encryption Tools to Detect Fraud
Half of FIs Rely Entirely on External Data Encryption Tools to Detect Fraud
February 08, 2024  |  Fraud Prevention

Over 40% of financial institutions (FIs) have reported higher-than-average volumes of fraud and financial crime, according to insights detailed in “FIs Depend on AI/ML Partners...

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APP Fraud in Focus as Digital Tools Redefine Prevention Tactics
APP Fraud in Focus as Digital Tools Redefine Prevention Tactics
February 06, 2024  |  Security & Fraud

The widespread adoption of person-to-person (P2P) payment apps and services has fueled a surge in credit-push payment volume, a trend that has been further accelerated...

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AI’s Role in Helping Banks Fight Fraud and Financial Crimes
AI’s Role in Helping Banks Fight Fraud and Financial Crimes
February 01, 2024  |  Security & Fraud

Easy money attracts bad actors.  In today’s increasingly digitized and borderless business landscape, the threat of attack has only grown more pointed. That’s why it...

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Ransomware Attacks Spotlight Need for FIs to Gauge Third-Party Risk 
Ransomware Attacks Spotlight Need for FIs to Gauge Third-Party Risk 
January 24, 2024  |  Security & Fraud

The fraudsters grow ever-wilier, the attacks more brazen. And effective. A blog post this week from the Atlanta Federal Reserve noted that “at least” 60 credit...

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Larger FIs More Likely to Use AI and ML to Fight Financial Crime
Larger FIs More Likely to Use AI and ML to Fight Financial Crime
January 08, 2024  |  Fraud Prevention

Financial institutions (FIs) are increasingly recognizing the importance of fraud-fighting technologies as they confront more sophisticated fraud and financial crimes. In fact, the surge in...

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Emerging Market FinTechs Poised to Drive Innovation and Inclusion in 2024
Emerging Market FinTechs Poised to Drive Innovation and Inclusion in 2024
December 28, 2023  |  Fintech Investments

In 2023, the FinTech landscape experienced a transformative surge of innovations, reshaping financial technology from its core. These advancements, spanning cutting-edge technologies and the evolution...

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Visa’s Provisioning Intelligence Service Wages War Against $450 Million in Token Fraud 
Visa’s Provisioning Intelligence Service Wages War Against $450 Million in Token Fraud 
December 13, 2023  |  Security & Fraud

The value of tokenization — where sensitive information is replaced by unique algorithmically generated numbers and letters — has gained wide acknowledgement in commerce. James...

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FIs Depend on AI/ML Partners to Fight Next-Gen Fraudsters
FIs Depend on AI/ML Partners to Fight Next-Gen Fraudsters
December 06, 2023  |  Fraud Prevention

PYMNTS Intelligence recently found that more than 40% of financial institutions (FIs) see increasing fraud and financial crime. This advancing wave likely poses a significant...

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