There is no doubt that AI, neural networks, machine learning, and large language models have the potential to revolutionize the financial sector. These technologies can help financial institutions to provide better and more personalized services to their customers, to detect and prevent fraud, and to automate many of the manual processes that are currently relied…
Tag: fraud-detection
Systems that can trade stocks or other assets
In the past decade, artificial intelligence (AI) has made significant inroads into the financial industry, with applications ranging from stock trading to fraud detection. Now, AI is being used to create “systems that can trade stocks or other assets.” These AI-based systems are able to analyze vast amounts of data and make predictions about future…
Building AI systems that can detect fraudulent activities
Fraudulent activities can take many forms, from identity theft and credit card fraud to false advertising and tax evasion. AI systems can be used to detect and prevent these activities in a number of ways. By analyzing past patterns of fraudulent behavior, AI systems can learn to recognize the telltale signs of fraud. For example,…