Photo by cottonbro studio: https://www.pexels.com/photo/hand-holding-a-usb-flash-drive-5474288/ Finance leaders nowadays are often asked with not only the usual queries on handling and managing risks in fraud, but also their strategies on digital transformation and how artificial intelligence can be of help. True enough, the Finance function now is not just about crunching the numbers and making use of data obtained from traditional work, as AI-powered risk management has been deemed a game-changing approach against identity theft and other fraudulent activities. In an article penned by Lina S. , general manager, Client Operations, at data mining and AI analysis solutions ESPY , she discussed AI-Powered Risk Management operates through a sophisticated framework that combines fraud detection techniques with machine learning and real-time analytics. This analyses transaction data and identify potential risks, and by utilising advanced algorithms and anomaly detection methods, organisations can proactively manage threats. "AI-Powered Risk Management offers numerous benefits in fraud prevention, significantly enhancing real-time analytics, identity verification processes, and risk assessment capabilities. These technological advancements not only improve operational efficiency but also foster greater customer trust by effectively mitigating the risk of identity theft and other fraudulent activities." Digital footprinting Digital footprinting is the process of collecting and analysing […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
