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Artificial Intelligence: From Hollywood to the Mainstream

FICO

AI that is biased, unexplainable and/or producing incorrect or inconsistent results can result in regulatory and compliance concerns for any financial institution unlucky enough to use it. With the proper training, the data will signal a variety of transaction frauds immediately, helping mitigate losses and protect both customers and banks.

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5 Ways Digital Payments Will Change FIs and Fraud in 2023

FICO

As FIs have more customers using more forms of digital payments, defending against the dizzying array of scams will be crucial to their customer experiences, and potentially required for regulatory compliance. Buy-Now-Pay-Later Will Win on Customer Experience but Needs Enhanced Security. TJ holds a B.S.

Fraud 52
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FICO World 2023 - Agenda Focuses on 3 Key Fraud Strategies

FICO

Millions of individuals have been left vulnerable, and most (two of out three customers) expect banks to refund victims. The reputation of lenders is being eroded and the issue is attracting scrutiny from regulators. Unfortunately, there is a fundamental tension between this desire and the desire for a positive customer experience.

Fraud 52
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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Customer service: Customer experience goes virtual with conversational AI. In the case of telemedicine, government entities eased privacy regulations to facilitate more comprehensive remote diagnostics. ” Customer Service: Customer experience goes virtual with conversational AI. Online grocery.

Industry 101