machine learning
Payment fraud prevention at a national payment switch
France has a long history as a pioneer in payment fraud prevention. It was the only nation that introduced Chip and PIN countrywide in 1992 [1]. This action made France the first all-smartcard country. And it reduced fraud in France to almost zero overnight. For decades. But criminals became more sophisticated and fraud losses returned. […]
How high-tech AI is helping stop real-time payment fraud
The New Payments Platform (NPP) opened up an opportunity for Indue to reinvent our financial crimes service due to the potential increased risk with NPP over traditional channels. Our relationship with the IBM Safer Payments solution has resulted in the following benefits: Lower false positive rates by 20% improvement ability to make rule changes 90% faster […]
How AI technology can help make city life easier for all
My company, Shimizu Corp., has long followed the management principles of Shibusawa Eiichi, who held that economic activity and morality are inseparable. This harmony can be seen in the experimental system we developed with IBM Research to help people, including those who are disabled, enjoy barrier-free urban exploration through voice navigation on their iPhones. We […]
How AI can minimize storm effects on the electrical grid
Climate scientists believe we’re in for weather of increasing intensity—a situation that can severely challenge electric utilities. In order to minimize damage and quickly restore power after a storm, the industry must improve its ability to prepare for weather related outages. As an example of the impact, in January of 2017, my company, NB Power […]
How high-tech AI can help spark an influx of new investors
Growth depends on the right message As an asset management company, WisdomTree is in the business of designing and distributing investment products. To sell our products, we work through intermediaries—financial advisors, retail wealth platforms and institutional investors—rather than selling directly to consumers. Though this model works great from a distribution efficiency perspective, it comes with […]
Passionate teen coding phenom imagines the future with AI
I started coding at age five because I was interested in what was going on behind the scenes on the computer. Something as simple as how to change the color of the screen fascinated me. And I kept coding because my parents encouraged me. And now it’s a passion. A hobby. Something I just love […]
How AI technology promises to aid in finding gold
In my job as the Director of Strategic Technology Solutions at Goldcorp, a leading Canadian mining company, I am keenly aware that our industry lags behind most others in terms of the use of technology. Sadly, the joke is that in mining, innovation means bigger trucks. At Goldcorp, we’re on a journey of innovation. We’re […]
Winning motorsports with help from high-tech AI for weather
Weather is a critical factor in motorsports—it affects vehicle performance and shapes race strategy. While weather has always been a key consideration in racing, forecasts are now more accurate and detailed at the hyper-local level. When accurate, hyper-local forecasts are combined with data science and machine learning, race teams gain a definitive competitive advantage. After […]
How AI technology crushes data to delight customers
Help desks: a tough job gets tougher Imagine having to be both a historian and a journalist at the same time. That’s an extremely tough job, and it’s also an accurate picture of what it takes to be a help desk, or IT support, worker. They face the constant challenge of keeping on top of […]