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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

Given existing relationships with Webster Bank, that includes AWS and Microsoft. To find promising use cases, Webster Bank canvassed several dozen proposals and decided to start with three that could deliver tangible benefits. Unlike startups, however, established companies cannot risk the losses that might come from betting all on AI.

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

Smart Data Collective

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. Client Risk Profile Categorization. Detection and prevention of fraud.

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Top Tools for Your Cloud Data Security Stack in 2023

Smart Data Collective

More notably, they have an intelligence data scanning facility that doesn’t break the bank, making it a great option for businesses trying to save on their cloud usage bill. Auth0 also provides features to manage user profiles, roles, and permissions, and to enforce security policies.

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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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AM Best Downgrades Credit Ratings of Catholic Order of Foresters

Wink Intel

The ratings reflect COF’s balance sheet strength, which AM Best assesses as adequate as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. In 2021, capital declined primarily due to two subsidiaries coming through as non-admitted assets, coupled with a net loss for the year.

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

Wink Intel

The ratings reflect Aegon USA’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management. Aegon USA’s ultimate parent, announced on Oct. The transaction closed on July 4, 2023.

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