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QuantaVerse unveils AI-based service for fraud detection in banking

Monday 18 December 2017 11:32 CET | News

Financial crime detecting platform QuantaVerse has added a new AI-based service to allow its financial institutions and banking clients detect fraud and other crimes through audit investigations. 

The AI service analyzes data gathered from core accounting, core banking, travel and expense reporting and vendor servicing, trade/export to pinpoint irregularities and anomalous data patterns related to both known and not yet identified financial crime typologies.

QuantaVerse is working on other features and products in this space. One technology that it is paying close attention to is blockchain and its applications particularly in the Know Your Customer (KYC) space.


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Keywords: QuantaVerse, artificial intelligence, fraud detection, banking security
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime






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