Jeffrey Brown

Jun 11, 2024 | finextra.com | Nicole Pienkos |Sergei Grechkin |Matt Ryan |Jeffrey Brown

The use of AI in banking fraud detection is becoming more and more popular. Indeed, the statistics surrounding online fraud are alarming. Cybercrime imposes a significant cost on the global economy and reaches $600 billion annually, equivalent to 0.8% of the worldwide GDP. Besides, fraud attempts surged by 149% in the first quarter of 2021 compared to the previous year, likely fueled by the rise in online transactions following the COVID-19 pandemic.

Jun 6, 2024 | finextra.com | Sergei Grechkin |Matt Ryan |Jeffrey Brown |Boris Bialek

“AI banking, or Artificial Intelligence in banking, refers to the application of various AI technologies such as machine learning, natural language processing, and robotic process automation within the banking and financial services industry. These technologies enable banks and financial institutions to automate processes, enhance customer service, detect fraud, manage risk, and personalize financial products and services.

Jun 6, 2024 | finextra.com | Matt Ryan |Jeffrey Brown |Boris Bialek |Mayuri Jain

The financial industry has been rapidly integrating Artificial Intelligence (AI) to enhance various aspects of its operations, including the pricing of interest rate derivative contracts. Interest rate derivatives, such as swaps, options, and futures, are essential tools for managing exposure to fluctuations in interest rates. The traditional methods of pricing these instruments rely heavily on mathematical models and vast amounts of historical data.

Jun 6, 2024 | finextra.com | Jeffrey Brown |Boris Bialek |Mayuri Jain |Adam Lieberman

Digital Hospitality is a new paradigm in client engagement that emphasises what can be done through next-generation digital tools to engage clients. These tools have been used for years, but have significantly increased during the pandemic as face-to-face meetings became less common. Today, they are a part of many companies’ outreach efforts, so what is the next step? For many people, the answer is artificial intelligence (AI).

Jan 16, 2024 | informahealthcare.com | Jeffrey Brown

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