Five ways artificial intelligence and machine learning can fight financial fraud
As two of the most prominent technology buzzwords around, it’s no secret that artificial intelligence (AI) and machine learning are driving transformation across virtually all industries and disciplines. They are helping businesses streamline internal processes to improve efficiencies, make sense of vast amounts of data to drive intelligent decision making and create new, innovative services to improve the customer experience.
One sector in particular where AI and machine learning are having a major impact is financial services. This is especially true when it comes to fighting fraud, which is continuing to grow as cyber-criminals find new ways to access customer accounts.