‘Build AI defences fit for real world deployment’, Chris Brown urges banks in article for Forbes

‘Build AI defences fit for real world deployment’, Chris Brown urges banks in article for Forbes

AI has enormous power to tackle fraud, but to wield it you need to build to meet real world demands. This was Chris Brown’s message to banks in a recent article in Forbes. He cited a recent project where VASS Intelygenz helped a US fintech company improve true positive detection by 93% while reducing false declines by over $110 million. These astounding results, he explains in the article, weren't simply brought about by a sophisticated algorithm. Building a high-performing fraud model was only ‘half the equation’, he goes on. Delivering real-world value meant building to demanding real-world requirements, tight integration with existing systems, compliance with strict regulation, and incorporating ongoing oversight. In short, the returns are significant, when you can get the AI production-ready.