Zehra Venugopal’s Post

Another year has flown by! Did you miss any AI developments in 2023? We have you covered with today's clip from our Spark by Go Studio Speaker Series event on #AI and fraud prevention in the #payments industry.   Watch as Adwait Joshi, Chief Seer at DataSeers, sums up what changed in the industry over the last year.   #Innovation #Technology #Events #ArtificialIntelligence

With AI as such a hot topic right now, it is interesting to see the ways it is being used, especially when that way is for good purposes such as fraud prevention.

Yogesh Patel PhD, CTO of Outseer, discusses how the evolving capabilities of AI are reshaping fraud detection and prevention, particularly in banking. He delves into the difference between generative and predictive AI and their surprising applications, such as the rising impact of predictive AI on payment fraud mitigation, and generative AI for operational efficiency and case marking. Watch this FinextraTV interview to hear about the importance of data quality in AI for algorithms, feature engineering, and model adaptability, to optimize security against fraudulent behaviors and enhance model efficiency. https://lnkd.in/eUrPBRde #paymentsecurity #predictiveAI #digitalpayments

AI represents an incredible opportunity for both committing and combating fraud. According to the September 2023 edition of the Credit Union Tracker®, a PYMNTS and PSCU collaboration, 80% of businesses are concerned with deepfake threats duping voice or video authentication. ➡️ Download the Tracker for more insights: https://bit.ly/3PDBEfG #CreditUnions #AI #FraudManagement

Fraud prevention and chargeback management are crucial for businesses. Discover how Kount leverages AI and data to provide bespoke fraud strategies at our Money20/20 booth 1F130. Learn how to maximize revenue growth and reduce chargeback costs effectively. #FraudPrevention #ChargebackManagement #AI #DataSecurity

The NVIDIA GTC AI conference in San Jose last week was a treasure trove of insight! I wish I could have been there. If like me, you missed it, don't worry, most of the sessions were recorded and are available for replay online. The conference hosted a "Whos Who" of AI masters from financial services speaking on their work, projects, and implementations using AI and GenAI. Here are some highlights sessions worth a watch: - An AI Revolution in Insurance Claim Process - Enterprise AI in Banking: How One Leader is Investing in "AI First" - Navigating the Opportunity for Generative AI in Financial Services - The Application of Privacy-Preserved Large Models in the Financial Field - Using GPU-Optimized Software to Shorten the Feedback Loop in AML and Fraud Models by an Order of Magnitude #continuouslearning #financialservices #AI #artificialintelligence #genAI

Advancements in AI deepfake technology pose new threats to enterprises, with concerns rising over lifelike imitations of voices and images facilitating fraud in sectors like banking. In response, many companies are saying they are working to put more guardrails in place to prepare for an incoming wave of generative AI-fueled attackers. Read the full story: https://on.wsj.com/3VPfnPl

Join us for an eye-opening webinar on harnessing Artificial Intelligence for Good in the relentless fight against financial crime in the "AI For Good: Stopping Financial Crime In Its Tracks Protecting Your Money In The Age Of Innovation". Financial crime poses a significant threat to businesses and consumers worldwide, costing trillions annually. But what if we could turn the tables and utilize AI to combat these crimes effectively? Martina King, CEO of Featurespace, a leading provider of AI-native fraud detection solutions, will lead this discussion. With over a decade of experience in the industry, Martina will unveil the transformative power of AI in fraud and financial crime prevention. Discover how Featurespace's cutting-edge AI technology is revolutionising fraud detection for banks and financial institutions. Martina will delve into key topics such as the role of secure data collaboration in empowering AI, the importance of privacy-enhancing technologies in safeguarding customer data, and the groundbreaking TallierLTM™, a generative AI that anticipates and disrupts emerging fraud tactics. Register for the webinar here: https://lnkd.in/efD5cNgY #AIForGood #FinancialCrime #FraudDetection #AI #GenerativeAI

Artificial Intelligence is transforming the fight against fraud, but it's also being used by fraudsters. #AI is key in automating threat detection and providing immediate alerts, but a multi-faceted anti-fraud strategy is crucial to stay one step ahead. Learn more in our new article. #generativeAI #FraudPrevention #FPM2024

A recent survey of payments professionals found that only 49% are using AI for fraud detection, even though most see it as one of the top use cases. With 93% of organizations intending to invest in AI over the next 2-5 years, Brighterion, a Mastercard Company teamed up with Fintech Nexus to discover what's been holding them back. Download our latest survey report, "AI perspectives: Transaction fraud," to find out how businesses are responding to fraud with AI. https://bit.ly/43Mz76s #ai #artificialintelligence #aisolutions #fraud #fraudsolutions