How Artificial Intelligence is redefining the Banking Sector

Artificial Intelligence and its growing influence on different industries is one of the most widely discussed topics in the tech and business sectors. In fact, the business value of artificial intelligence in the banking industry is projected to reach $300 billion by 2030   with the projected increase in the number of AI projects that […]

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Ecommerce fraud detection using AI

E-commerce fraud has become a serious problem ever since the world has become increasingly dependent on digital media. A few decades ago, the online shopping industry was still in its nascent stage. However, times have changed considerably since then. As people become more inclined towards shopping from the comfort of their homes, we can see […]

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How machine learning is improving our fraud detection systems

Are you aware that in 2020, the number of customers who have fallen victim to fraudulent activities was around 25.4 million people, which is 16 percent higher than 2019. Advancements in the digital space opens up new channels for financial services distribution all over the globe. But it also creates a perfect environment for fraudsters. […]

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How a Blockchain Identity Management System can Prevent Identity Thefts and Frauds.

According to reports from the Wall Street Journal, in the year 2017, over 16.7 million people in the U.S were victims of identity fraud. These numbers only represent the cases that were reported. Most of the time, individuals have no idea that their digital identities have been compromised until they attempt to purchase a property or […]

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Fake signature, Signature forgery detection using AI software

Have you ever thought that a signature forgery detection software would be able to distinguish between fake, forged and genuine signatures? Well, forgery detection is indeed possible today, thanks to the growth of Artificial Intelligence enabled identity management systems. An AI-enabled system can smoothly segregate false signatures from documents and enable stakeholders to validate their […]

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