AI The Prime Sentinel Against Frauds

In a Digital world, speed is the key differentiator. Needless to say, all kinds of frauds also can scale up as quickly as the turn around time of the loans. This is strongly an area where the regulators are concerned and they require banks to work around strategies to forecast the possible slippages in loans and prevent them in time. The growing sources of data offer the best opportunity to get early warning about potential willful defaults, says Dr Jaya Vaidhyanathan, CEO of BCT Digital. Given the volume and variety of data, the company has developed a proprietary AI solution to exactly match the need. Watch this video for deeper insights!