“We are seeing the financial services sector test face recognition as a part of multi-factor authentication for ATM withdrawals, mobile banking enrollment and mobile account access and transactions,” said Moore. “By implementing face recognition as the key step in multi-factor authentication, banks are able to mitigate their exposure to risk and fraud, saving themselves millions…
Tag: artificial intelligence
Would you trust Google with your money? The search giant may offer checking accounts
“In a move that would give Google greater access to consumer data, the search behemoth is reportedly partnering with banks to offer checking accounts as early as 2020. Earlier this year, Apple partnered with Goldman Sachs to launch Apple Card, a branded, digital card that’s managed through the Wallet app on iPhones. Facebook has designed a cryptocurrency, Libra,…
Tesco CTO says retail firms must use AI, machine learning to win
“How is Tesco leveraging big data and analytics? Retail is a very competitive business and the ability to crunch large volumes of data using emerging technologies such as AI, ML, and big data analytics is important. Tesco is looking to use big data and ML to help customers shop better.” Guus Dekkers Chief Technology Officer…
Amazon Saw 15-Fold Jump In Forecast Accuracy With Deep Learning And Other AI Stats
“When Amazon switched from traditional machine learning techniques to deep learning in 2015, it saw a 15-fold increase in the accuracy of its forecasts, Mastercard has used AI to…reduce fraudulent transactions by about 40%” https://www.google.com/amp/s/www.forbes.com/sites/gilpress/2019/11/14/amazon-saw-15-fold-jump-in-forecast-accuracy-with-deep-learning-and-other-ai-stats/amp/
The AI stack that’s changing retail personalization
“With the sheer amount of products being sold online, shoppers primarily discover products through category or search-based navigation. However, inconsistencies in product metadata created by vendors or merchandisers lead to poor recall of products and broken search experiences. This is where image recognition and machine learning can deeply analyze enormous data sets and a vast…