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Artificial Intelligence (AI)
Artificial Intelligence (AI) refers to the simulation of human intelligence processes by machines, particularly computer systems. These processes include learning (acquiring information and rules for using it), reasoning (applying rules to reach conclusions), and self-correction. Applications of AI include expert systems, natural language processing (NLP), and machine vision.
AI enhances the ability to detect and prevent fraudulent activities by analyzing large volumes of data in real-time to identify unusual patterns and behaviors. Machine learning algorithms enable AI to improve its accuracy over time, making security measures more effective.
Additionally, AI automates tasks such as transaction monitoring and reporting, which helps ensure compliance with regulations, reduce the risk of human error, and increase efficiency.
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