Explainable AI (XAI) allows insurance companies to understand, explain, and trust AI-based decisions. XAI ensures fairness for insurers customers and regulators.
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Learn how the “Explainable AI” solution is increasing customer trust, eliminating biased AI, and quickly transforming the banking industry for the better.
As technology advances and AI become more common within enterprises, the number of Finance teams that utilize the powerful insights that AI and machine learning can provide is increasing quickly. While AI is undoubtedly benefiting financial operations, there is still a risk in blindly trusting...
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Anomaly detection is the process of finding patterns in data that don’t conform to a model of normal behavior. Unless you’re a data scientist or practitioner familiar with tools that offer algorithms for pattern recognition, the principles behind anomaly detection may seem obscure and unapproachable....
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What does continuous monitoring of financial transactions mean? In short, Continuous Monitoring (CM) of financial transactions is a reporting system that continuously monitors financial transactions and provides timely and relevant (actionable) information for an executive to review and make necessary decisions. This is in sharp...
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With the rapid growth of the internet and the IoT and the resultant digital transformation of the world we live in, there is an explosion of data that is being generated, collected and stored. There is data available for “normal” transactions, as well as for...
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Effective fraud detection and financial control initiatives leverage advanced analytics and machine learning techniques to derive valuable and actionable information for managers. The reliability of the results produced by these data intensive techniques is DIRECTLY dependent on the quality and quantity of data available for...
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The volume and dollar value of fraudulent transactions has mushroomed in recent years due to the phenomenal growth of electronic transactions that span every industry segment, coupled with the relative anonymity that online commerce offers to crooks of all shades. In the era of extreme...
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