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How TCS is helping to fight financial crime with AI and Microsoft Cloud

CIO

As consumers embrace ecommerce, digital banking, and online payment applications, the risk of fraud and other financial crimes has increased dramatically. fraud losses amounted to $5.9 fraud losses amounted to $5.9 And for every dollar lost to fraud, banks spend over $4 on recovery fees, legal fees, and other expenses.

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CIOs weigh where to place AI bets — and how to de-risk them

CIO

When it comes to AI, Nafde sees risks in the vendors selected, the business-worthiness of the use case, and the cost of the initiative. Given existing relationships with Webster Bank, that includes AWS and Microsoft. User behavior could change so much that people don’t think of banks, but the payment app they are using,” says Nafde.

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5 Sure-Fire Tips How AI Is Going to Improve Fintech in 2021

Smart Data Collective

For saving time and resources in Fintech Business on the need to involve Automation in it. Fraudulent activity has always been a major issue for financial institutions such as banks and insurance companies. Despite extensive internal training and fraud detection manuals, they foresee a significant annual loss due to fraud cases.

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Top Tools for Your Cloud Data Security Stack in 2023

Smart Data Collective

Therefore, it is imperative that businesses prioritize the implementation of robust cloud data security measures to protect sensitive data and mitigate the risks of cyber-attacks. By leveraging these tools, businesses can significantly improve their cloud data security posture and minimize the risk of security incidents.

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Boost Your Win/Loss Program with Answers to 5 Questions

Ellennaylor

Last week, I gave a webinar for the Minnesota SCIP chapter entitled, Win/Loss Analysis: How to Capture and Keep the Business You Want. Check out my Win/Loss presentations to help boost your Win/loss program from my Slideshare presentations. They also won’t give a Win/Loss interview for free.

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AI Technology is Invaluable for Cybersecurity

Smart Data Collective

AI poses a number of benefits and risks for modern businesses. The threat of cyber-attacks is expanding across all industries, affecting government agencies, banks, hospitals, and enterprises. A successful breach can result in loss of money, a tarnished brand, risk of legal action, and exposure to private information.

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AM Best Affirms Credit Ratings of Members of Aegon Ltd.’s U.S. Subsidiaries

Wink Intel

–( BUSINESS WIRE )– AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of the U.S. 27, 2022, that it has reached an agreement to sell its Dutch pension, life and non-life insurance, banking, and mortgage origination operations to ASR Nederland N.V.

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