Kinfos Events are holding a global conference series on AI in Payments and Fraud Risk Management. The European virtual summit will take place virtually on 28th-29th January 2021 and will discuss how banks can mitigate fraud risk through the use of Artificial Intelligence and Machine Learning. This event will be followed by two more later in 2021, featuring the Americas and Asia Pacific.
There will be over 50 speakers in attendance, including representatives from HSBC, BNP Paribas, Allica Bank and NatWest Group. The summit aims to gather about 500+ qualified attendees (mostly from banks, regulators, merchants, corporates and innovative fintech companies) who are looking to stay ahead of the curve.
Artificial Intelligence has been popular in the industry for a long time and is successfully being used in banking applications like Fraud Analysis and Customer Risk Scoring but with a limited scope. With such high expectations for the technology in payments and in myriad other industries, what will AI actually mean for consumers and merchants? What types of problems do payments technology companies and financial institutions expect to solve by deploying AI and other similar technologies?
Where financial crime is concerned, fraud schemes are growing more complex, especially in the post-pandemic world, and money-laundering schemes are going beyond trafficking. Through machine learning algorithms, payments companies can analyse more data in new and innovative ways to identify fraudulent activity and also how AI is transforming Claims Management in the insurance sector.
Through their research, Kinfos have identified that the Payment Industry is on the cusp of reforms and players are eager to implement AI for efficient payment processing. There are many areas within payment processing where AI has a great potential to succeed all of which will be discussed at the summit.
For more information about the event click here.