TLDR
Machine Learning (ML) is a subdivision of Artificial Intelligence and the subset of Data Science. ML uses algorithms to draw conclusions and learn without being heavily programmed to do so. Fraud detection is the most interesting among other machine learning applications in finance. ML allows monitoring a significant number of transactions in real-time, which is crucial for financial organizations. The system with this technology can not only detect suspicious activity but take action on it, far more quickly and precisely than humans ever can. ML-powered organization has a better brand image but also has and additional resources (that were freed up by technology) to provide new services or focus on new business opportunities.via the TL;DR App
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Written by Helen | IT Project Manager, working in a Data Science Team over the NLP, Computer Vision and Fraud Detection
