The digital world has created new channels and opportunities for fraudsters to target banks‒and for every dollar of fraud lost in 2020, banks and financial service providers just in the US incurred $3.78 in related costs!
However, AI has come a long way and can reduce fraud, the costs associated with it, and the need for manual resource time. In fact, recent data found that 80% of financial institutions agree that AI plays a critical role in reducing fraudulent payments and attempts to commit fraud.
What do you need to successfully deploy AI in production?
Does your organization have the tools to fight fraud in real-time with AI?
In this webinar, you will learn:
- How to start leveraging the advantages of AI as a means of reducing fraud in your organization
- How banks can save a whopping $447 billion with the use of AI by 2023
- Why smart data collection, in-memory processing and dynamic scale are critical for successful AI implementation
- Why AI governance is mandatory for successfully deploying AI in production
AND DON’T MISS: A live demo of 2021.AI & GigaSpaces’ InsightEdge.
This session also addresses additional use cases such as loan approval, churn prediction, insurance claim rejections, and more.