Generative artificial intelligence (GenAI) has profoundly transformed the landscape of risk management and fraud detection across various industries. This technological revolution does not aim to usurp human expertise but rather to augment it, enabling professionals to concentrate on more strategic
In recent years, technological advancements in motor insurance have revolutionized the claims process, addressing long-standing barriers such as limited access in urban areas and fraudulent claims. With the increased integration of AI and digital platforms, the industry is undergoing a
With an ever-increasing number of fraudulent insurance claims shaking the UK insurance industry, companies like Aviva are stepping up their game. The year 2024 recorded a notable surge in dishonest claims, prompting Aviva to take a closer look at its processes and technology to counteract this
Google continues to face significant challenges in the artificial intelligence (AI) landscape, particularly in maintaining competitiveness with the Gemini AI chatbot against leading rivals like OpenAI’s ChatGPT and Microsoft's Copilot. Recently, substantial changes have been undertaken within G
The escalating issue of fraud continues to plague ecommerce and retail businesses in North America, leading to significant financial and operational challenges. The latest LexisNexis True Cost of Fraud Study provides critical insights into these issues, shedding light on the financial burden of
The UK RegTech market is on the brink of transformative growth, propelled by the rapid advancements in Artificial Intelligence (AI) and cloud technology. As financial institutions and pertinent entities grapple with increasingly complex regulatory environments, these cutting-edge technologies
