Details : This week on #AIFriday, we will be havingMr. Udayan Bhattacharya, Associate Director at PwC India who works on AI, Machine Language and Cognitive Automation.
In today’s world, fraud management has become arather painful task for finance and e-commerce industry due to a plethora of payment channelsand huge volumes of data. At the same time, criminals have become adept at finding loopholes, resulting in huge financial loss. As a result, it’s getting tough for businesses to identify fraudulent transactions in a timely manner.
Machines are much better than humans at processing large datasets since they are able to detect and recognize thousands of data patterns on a user’s purchasing journey instead of the few captured by following rules. This is the reason why artificial intelligence and machine learning are proving to be instrumental in timely detection and prevention of fraud.
Mr. Bhattacharya willalso be discussing the benefit of AI fraud detection service, which can help reduce false decline andincrease the accuracy of real time approvals for genuine transactionsin financial institutions and e-commerce. He willalso be discussing the role of data analysis,predictive analytics, statistical modelling, data analytics, supervised and unsupervised machine learning, neural networks,and deep neural networks in relation to Artificial Intelligence in revealing transactional scam and providing a more secure and responsive business model.
Mr. Bhattacharya is an Information Science Engineer and an MBA from IIM Lucknow. He has ~11 years of experience in the Retail Sector, Financial Services, Telecom and Technology domains.