“The retail industry could be losing nearly $1 trillion in sales annually due to business process errors that could be automated by AI Signifyd is the most well-funded AI startup in the fraud detection industry for retail and eCommerce, having raised $180 million. They were founded in August 2011 and specialize in fraud detection for…
Tag: fraud detection
Artificial Intelligence in Retail Banking – Current Applications
“One AI company offering fraud detection to retail banks is Threatmetrix, a subsidiary of LexisNexis. Their Dynamic Decision Platform purportedly improves account authentication and identity verification. SAS offers a predictive analytics software called Credit Scoring for SAS Enterprise Miner. The solution is an added capability of their larger Enterprise Miner solution. The software’s machine learning…
Where is AI Used the Most? In Cybersecurity
“Data suggests that artificial intelligence was put to work in a cybersecurity capacity more than in any other area of service last year. With the use of deep learning algorithms, AI is leading the charge on a secure internet. Specifically in detecting and deterring security intrusions, with 44 percent of all AI applications being used…