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newsDatabricks Secures Financial Sector Approval in Korea, Unlocking AI and Data Innovation for Banks and Insurers
SEOUL — Databricks, a leader in data and AI solutions, has successfully completed the Financial Security Institute (FSI)’s rigorous Security and Safety Assessment for Cloud Service Providers (CSP) in South Korea. This certification enables Korean financial institutions to confidently adopt the Databricks Data Intelligence Platform, leveraging its powerful data and AI capabilities on Amazon Web…
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newsNVIDIA Unveils AI Workflow on AWS to Boost Fraud Detection Accuracy for Financial Institutions
SANTA CLARA — At the Money20/20 fintech conference, NVIDIA introduced a powerful new AI workflow for fraud detection, powered by its AI platform on Amazon Web Services (AWS). This solution aims to enhance the ability of financial institutions to detect and prevent credit card fraud by leveraging accelerated data processing and advanced machine learning algorithms. With…
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newsClearstream Utilizes AI to Anticipate Settlement Failures Ahead of SDR Implementation
FRANKFURT — In preparation for the forthcoming Settlement Discipline Regime (SDR), Deutsche Börse Group (ETR: DB1) has revealed its post-trade service provider, Clearstream, will introduce an AI-powered Settlement Prediction Tool. This tool aims to forecast settlement failures, providing market participants with crucial insights into their settlement operations, according to a press release published on EuropaWire.…
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newsMinsait and Bankia Partner to Bolster Financial Security and Customer Experience with AI Tools
ALCOBENDAS – In a bid to fortify cybersecurity measures and enhance customer experience, Minsait, an Indra company, and Bankia have forged a strategic alliance to develop cutting-edge AI-based tools. These tools are geared towards thwarting fraudulent activities and detecting cybersecurity anomalies across financial institutions and businesses in various sectors, according to a press release published…
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newsEnhancing Fraud Detection: SAS Partners with ThreatMetrix to Harness AI Power
MARLOW – In an era where consumers demand instant credit decisions, SAS, a leader in analytics, has teamed up with ThreatMetrix®, a digital identity solutions provider, to enhance fraud detection capabilities for financial institutions. The collaboration aims to provide a sharper focus on identifying fraudulent activities in online credit applications. James Ruotolo, SAS’s Director of…
What is RadicalShift AI?
RadicalShift.ai represents the paradigm shift the artificial intelligence (AI) brings upon all of us, from the way we live and work to the way we do business. To help cope with these fundamental changes across life, industries and the world in general, we are obsessively observing (30+ markets across multiple continents) and covering the AI industry while building a scalable open platform aimed at people, businesses and industry stakeholders to contribute across (benefit from) the entire spectrum of the AI industry from news, views, insights to knowledge, deployments, entities, people, products, tools, jobs, investors, pitch decks, and beyond, helping build what would potentially be a resourceful, insightful, knowledgeable and analytical source for AI related news, information and resources, ultimately becoming the AI industry graph/repository.
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