Timeliness and Reliability in the Transmission of Regulatory Reports
Managing risk and regulatory compliance is an increasingly complex and costly endeavour. Regulatory change has increased 500% since the 2008 global financial crisis and boosted the regulatory costs in the process. Given the fines associated with non-compliance and SLA breaches (banks hit an all-time high in fines of $10 billion in 2019 for AML), processing...
4 Ways AI Can Future-proof Financial Services’ Risk and Compliance
Learn more about Smarter risk and compliance on our new hub. The core function of a bank is to protect assets, identify risks and mitigate losses by protecting customers from fraud, money laundering and other financial crimes. In today’s interconnected and digital world, managing risk and regulatory compliance is an increasingly complex and costly endeavor....
Using Your Data to Stop Credit Card Fraud: Capital One and Other Best Practices
Fraud is a costly and growing problem – research estimates that $1 of fraud costs companies 3.36x in chargeback, replacement and operational cost. Adding to the pain, according to experts, there are not enough regulations to protect small businesses from chargebacks and losses from fraud. Despite significant advancements in credit card fraud, risk management techniques...
Four E-commerce Challenges That Can Be Addressed With Data + AI
The global health crisis accelerated the adoption of omnichannel shopping and fulfillment. Consumers spent $861.12 billion online with US merchants in 2020, up an incredible 44% compared to the previous year, which marks the highest annual growth in U.S. e-commerce in at least two decades. To keep up pace with this shift and more effectively...
Democratizing Data and AI in Finserv: DAIS 2021 Takeaways
For financial services providers, driving business forward with data is a longstanding practice—but as machine learning (ML) and artificial intelligence (AI) technologies improve, understanding the potential for data-based roadblocks is key. This year’s Data and AI Summit (DAIS) hosted over global attendees across more than 200 sessions, and highlighted leaders from ABN AMRO, Intuit, Capital...
Your Guide to All Things Financial Services at Data + AI Summit 2021
Download our guide to Financial Services at Data + AI Summit to help plan your Summit experience. I joined Databricks earlier this year and continue to be amazed by the value the platform brings to customers and organizations. From bringing alternative and social data (think:reddit) into real-time financial decision-making, and fast-tracking vaccine distribution, Databricks...
Your Guide to Retail & Consumer Goods Sessions at Data + AI Summit 2021
Download our guide to Retail at Data + AI Summit to help plan your Summit experience. Data + AI Summit is the global event for the data community, where global100,000 practitioners, leaders and visionaries come together to engage in thought-provoking dialogue and share the latest innovations in data and AI. At this year’s Data...
