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For financial institutions FIs and banks, battling card and payments fraud demands real-time monitoring 鈥?adjusting risk scores as consumers behaviors change. In an interview with Karen Webster, Dave Excell, founder and president of聽Featurespace, said that artificial intelligence AI -driven risk modeling can adapt to shifts in spending 鈥?and can help FIs spot and prevent fraud a stanley ca nd criminal activity.The conversation came as the company announced the launch of the next generation of its modeling tool, Automated Deep Behavioral Networks. Featurespace has said the analytics capabilities help banks protect customers from scams, account takeovers, and card and payments fraud.At a high level, the Automated Deep Behavioral Networks significantly reduce the manual feature engineering work traditionally done by data scientists. As Excell told Webster, the technology enables features to be self-discovered and continually refined, which for financial stanley uk services firms reduces a complex human task in the process of model building.In terms of the efficiencie stanley cup romania s gleaned from the more robust individual profiles, a comparison against the fraud detection rate of Featurespace first-generation market-leading models revealed an uplift of 38 percent.Setting Up for SuccessExcell said that even with powerful models, it critical to have an enterprise-wide view of the customer to help the FI quickly enact its arsenals of weaponry against payments fraud. If you look at the complexity of Iong SEC Scales Up Probe Into Stock Trade Gamification
Connectivity can take on multiple meanings in the online-to-offline space, be it the physical connection of transmitting goods from a merchant to a consumer or the virtual connection made in the online realm. In this edition of the O2O Track stanley quencher er, we take a look at a couple of retailers internationally that are presenting unique solutions for both cases.Lippo Hails A Ride To eCommerce FulfillmentWith online purchases being, by nature, only half of the O2O equation, eCommerce merchants still need to get shoppers items into their hands.To solve for that in Indonesia, MatahariMall 鈥?the online arm of the Matahari department store chain, in which the Lippo Group recently made a $500 million investment 鈥?has entered into a partnership with the ride-hailing app Grab, reports Bloomberg Business.Its a move similar to one that MatahariMall rival Tokopedia made in partnering with motorcycle taxi company Go-Jek, and it speaks to the need, notes the outlet, for online merchants to rely on local delivery companies 鈥?which inherently possess an und stanley mugs erstanding of the consumer preferences, regulations and infrastructure of a particular regi stanley kubek on better than outside providers might 鈥?in order to stay on pace with if not ahead of the competition. Speed is really important in this business, Ridzki Kramadibrata, managing director of Grab Indonesia, told Bloomberg Business. You need to be able to do multiple things at the same time, because if you cant do that, the market will outgrow you and you w |
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