Interview with Fabio Coco for Plus24 Il Sole 24 Ore
Artificial intelligence is beginning to make a relevant contribution within the scope of its operations to players in the financial market. We try to take stock of the consequences with Fabio Coco, Partner at ADVANT Nctm.
Artificial intelligence use cases can bring great benefits to businesses in the financial world. Can we give some examples? In particular, artificial intelligence has been used to detect potential fraud against the payment service provider and customers. The ability to analyze large amounts of data makes it possible to identify anomalies in transactions to detect fraud attempts, but also to profile customer habits and identify transactions that deviate from these so-called patterns even through forms of “adaptive learning” i.e., tools that update their parameters, learning from the data in real time.
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