Machine learning can help your financial institution with fraud detection and prevention efforts, as well as customer authentication. Machine learning gives a baseline of normal activities, so you can detect anomalies and link to potential risk indicators or fraudulent behaviors in the moment. Machine learning can also be leveraged for better user experience authentication by recognizing normal user device behavior, and serving a custom authentication experience based on that device’s behavior for a particular session.
Read the latest report from Aite on how machine learning is becoming a competitive issue in finance.