Artificial Intelligence for Banking Fraud Prevention
22 May 2019
The growing demand for convenient banking services and the need for financial inclusion is driving the provision of many digital services to consumers. This move to attract and maintain the client base is leaving many banks susceptible. Without appropriate defense, many banks struggle to detect suspicious activity before it causes severe damage to their reputation and their customers. Neel Shingadia will discuss how AI is helping banks around the world successfully to prevent fraud and protect their customers and their brand. He will discuss how banks are managing their vulnerability in the age of digitalization, and how machine learning is being used as tool to fighting financial crime, reducing human errors and detecting not only known fraud types but also unknown patterns of fraud.