Danske Bank: Innovating in Artificial Intelligence and Deep Learning to Detect Sophisticated Fraud

What is it about Artificial Intelligence (AI) that excites us data geeks? Is it the delivery of a promise given to us decades ago? Or endless possibilities that AI can give us now?  Probably a little of both. For Danske Bank, it’s giving business outcomes that deliver exciting results and AI is inspiring everyone on the team! “Hands down, this is a high point in my career!  I’m a science guy, so I love these methods and talking about some of the more complex stuff.  It’s definitely worth it;  hands down.” – Nadeem Gulzar, Head of Global Analytics Danske Bank is using Artificial Intelligence and Deep Learning to detect and then prevent sophisticated fraud in multiple areas and it’s working better and better every day because the models are learning. Danske Bank distinguishes between two types of fraud – customer fraud and “fraudsters.” The customer is at the center of the fraud.  For example, the customer receives an email from a citizen in a remote country asking the customer to send money to help alleviate hardships or arrange a visit as there is a courtship in the making. And then there is true professional fraud done when a “fraudster” tracks…


Link to Full Article: Danske Bank: Innovating in Artificial Intelligence and Deep Learning to Detect Sophisticated Fraud

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