Industry

AI Use Cases in Banking

Detect Credit Card Transaction Fraud

Improve the accuracy of detecting online fraudulent transactions to prevent losses and improve customer experience.

Fraud Detection

Predict fraud in order to take preventative action.

Compliance Documentation

Safeguard model governance practices and streamline independent model validation review by ensuring consistency of your documentation process with automatically and continuously generated detailed compliance documentation of the model building process and results.

Explainable Anomaly Detection

Identify which data points are highly unusual and what about them is different from the rest of the data. This can be helpful for creating new rules to find fraudulent activities.

Healthcare

Predict Overpaid Medical Claims (Fraud, Waste, Abuse)

Predict if a physician is submitting an overpaid claim based on historical data and the drugs they are prescribing.

Predict Patient Propensity to Have Certain Diseases

Supplement the existing medical diagnostic process to identify high risk patients that may be overlooked.

Predict Overpaid Medical Claims (Fraud, Waste, Abuse)

Predict if a physician is submitting an overpaid claim based on historical data and the drugs they are prescribing.

Customer

Customer Handling and Call Center Optimization

Improve customer experience and reduce handling costs; map the query by the customer to appropriate…

Customer Churn

Predict customer churn based on behavioral patterns and cadence of transactions; Identify leading indicators for churn

Fraud and Compliance

Check Fraud

Quickly and accurately detect fraudulent alterations (eg, counterfeit, forged) in bank checks

Transaction Fraud

Find new ways to improve fraud detection accuracy and detection time across multiple transaction fraud types

Anti-Money Laundering

Leverage ML to more accurately spot suspicious and criminal behavior; balance compliance and cost by assessing the risk

Manufacturing Use Cases

Predictive Manufacturing Design

AI based models can determine which combinations of variables are most likely to produce a positive result

Predictive Maintenance

AI based predictive maintenance uses a variety of data to determine which components should be replaced before they break

Supply Chain Optimization

AI models can be used to update resource plans, reroute inventory where it is needed, and streamline resource

Transportation Optimization

AI based transportation optimization leverages route information, weather data, fuel cost and other such factors
X