AML Case Study: New Way to Fight Fraud - 3 views
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sarah d on 04 Apr 11The IT system is the behavior-based software that uses artificial intelligence. the stakeholders are the bank implementing this software and the customers of the bank. The area of impact is business and employment, specifically banking. The issue with the use of this system is reliability. If this software is not reliable, then the customers at the bank are less protected from fraud. Also an issue that arises from the use of this system is security. The use of this system is to protect against fraud. However, if the computer becomes insecure, fraud would not be detected.
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Santiago P. on 06 Apr 11This is a really interesting case. Although it's not robots that one can see that are being used, banks are using artificial intelligence to help them recognize patterns and catch fraudulent people. Small banks are the real stakeholders in this case, and they want to protect their customers and their finances. The automation of the fraud-catching has given the banks more time and makes it easier to handle all the paperwork necessary for a case.