6Augu - Sept 2021 Editor's NoteJeff RodriguezManaging Editoreditor@finanacialtechreview.comMachine Learning Will Lead the Charge against FraudEven in the second quarter of 2021, the pandemic is showing no signs of backing off. As the pandemic keeps intensifying, the onslaught of cybercriminals and fraudsters is also proliferating. They are already adapting to new technologies, utilizing increasingly devious approaches to hoodwink the security infrastructures and gain access to critical data and financial assets.In the face of such ever-worsening threats, it is becoming imperative for organizations to update their security infrastructures with cutting-edge technologies. Even though many leading financial organizations already leverage robust systems to detect anomalies, they are realizing the need to take their infrastructures to the next level. And what better way to boost security than by integrating machine learning? With machine learning algorithms, financial companies can learn from historical fraud patterns and recognize them in future transactions--thus taking a more proactive stance against fraud. Moreover, as machine learning algorithms are unmatched when it comes to the speed of information processing, financial companies can easily identify sophisticated fraud traits overlooked by humans. These capabilities are making AI and ML technologies an irreplaceable boon to the financial industry. To keep up with these unprecedented trends in the market, the business sector must respond with cooperative models that favor collaborations with specialists in fraud detection and prevention sector. By replacing the traditional approaches with robust collaborative models, organizations will be able to bridge their capabilities growth in the upcoming years. In this edition of Financial Service Review, we bring to you the story of some of the most successful solution providers that deliver the best outcomes for their clients. This edition also offers a combination of thought leadership articles from subject-matter experts and exclusive insights from CIOs and CXOs. We hope this edition will provide you with the right assistance in choosing the best fraud detection and prevention solution providers according to your requirements.Let us know your thoughts!Copyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Managing EditorJeff RodriguezEditorial StaffAaron Pierce Ava Garcia Ashik JainJoshua ParkerVisualizerChris Lynn*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@financialservicesreview.comeditor@financialservicesreview.commarketing@financialservicesreview.com July, 2021, Vol 02-07Published by ValleyMedia, Inc. To subscribe to Financial Services ReviewVisit www.financialservicesreview.com
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