Evolution of AI in Banking Fraud
Cyber fraud is projected to reach $6 trillion by 2021. While adoption of new technologies has created new channels to give customers a unique anytime, anywhere banking experience, this has also exposed banks to risks, both in cyber security and fraud.
Banks are approaching the challenge of increased fraud risk and large volumes of false positives, by looking at the capabilities of Augmented Intelligence - leveraging AI with human investigations, as a way to have a huge impact on the fight against fraud.
Neel Shingadia will discuss how the evolution of AI has enabled global banks to prevent fraud, protect their customers and their brand. Moreover, he will discuss how banks are managing their vulnerability in the age of digitalization, and how machine learning is being used as a tool in the fight against financial crime.
Practitioners within Compliance, Fraud, Financial Crime, Risk, Audit teams at Banks who would like to explore how AI is revolutionising fraud detection.
He has over 16 years of experience working for global banks and technology firms across Europe, the Middle East and Asia.