by Angela Guess A new press release reports, “Mastercard today introduced Decision Intelligence, a comprehensive decision and fraud detection service. The solution uses artificial intelligence technology to help financial institutions increase the accuracy of real-time approvals of genuine transactions and reduce false declines. This is the first use of AI being implemented on a global […]
RAGE AI Processes Untagged Data in XBRL Documents
by Angela Guess A recent release out of the company reports, “RAGE Frameworks, a provider of AI for the Enterprise, today announced the availability of new features and capabilities for its LiveSpread™ Intelligent Machine, a contextual, traceable machine learning solution for the automated ingestion and processing of financial statements and other documents. With this release, […]
How Big Data is Changing the Lending Industry
by Angela Guess Phil Simon recently wrote in The Huffington Post, “It’s no overstatement to say that new technologies and Big Data are upending many traditional industries. Sure, there are multi-billion-dollar darlings such Uber, AirBNB, and Lyft that are seemingly in the news every day. Make no mistake, though: Many other types of mature industries […]
Aerospike Wants to Bring NoSQL to Finance in a Big Way
by Angela Guess Renee Caruthers reports in FierceFinanceIT, “As financial companies increasingly leverage big data, they have explored and embraced non-relational databases for their most advanced analytics. But NoSQL database provider Aerospike envisions bigger use cases in finance. ‘There is a huge amount of investment in those technologies for analytics uses, and it’s easier to […]
Using Machine Learning in Economics
by Angela Guess Jon Levin, a professor of economics at Stanford, recently wrote in Forbes, “Machine learning methods are really powerful for fitting predictive models and for doing classification on large-scale, high-dimensional data. These are the data we increasingly use in economics. So I think there’s no doubt many machine learning methods will get used […]