Generative AI (such as OpenAI's ChatGPT) has generated an explosion of interest as numerous sectors have started understanding its unique capabilities for generating content based on simple prompts. There is much discussion about whether this new generation of AI will replace many skilled jobs, and at a basic level, it seems capable of doing so - ...
10 August 2023 /crime /predictions Artificial Intelligence and Financial Services
The possible applications of generative AI have been explored by many in recent weeks. However, one major unexplored topic is how fraud analysts can use data created by generative AI to augment and improve their fraud detection strategies and the implications of using synthetic data to train fraud models and improve detection rates. It is well k...
03 July 2023 /crime Artificial Intelligence and Financial Services
Generative artificial intelligence (AI) has already had a pervasive impact on our lives, with many experts sharing their opinions on the technology’s industry changing commercial potential and how it might be used in future. I recently shared my thoughts on how the technology would change the payments industry, but while there are many positive ap...
09 March 2023 /payments /crime Exposing Financial Crime
The payments industry makes extensive use of AI/ML technologies in a wide range of applications – including targeted marketing, process automation and customer profiling. The use of AI and ML in fraud prevention is particularly common, as it enables fraud prevention teams to scour large amounts of transaction data to identify fraudulent behaviour ...
19 January 2023 /payments /predictions Artificial Intelligence and Financial Services
Mark GoldspinkCEO at The ai Corporation
Jonathan HancockRetail Fuel, Mobility Issuing and Fraud Solutions at The ai Corporation
Luke MathewsFraud Strategy Manager at The ai Corporation
Leon Du PlessisKey Account Manager for MEA at The ai Corporation
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