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Data Strategy for FinTech use cases such as Fraud Detection
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Artificial Intelligence and Machine Learning (AIML) has been extremely beneficial for some use cases such as fraud detection in FinTech sector. AIML enabled companies to do real-time fraud detection from what used to be a batch-oriented fraud detection. But to be able to do that, companies need to have an enterprise wide data platform. Additionally, organizations need to think through the entire process of AIML instrumentation to adopt to changing use cases and not just data and models. Lastly, COVID focused businesses to compress technology adoption to a few months and this has been good for businesses.
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