AI
FNB is Leveraging AI to Redefine Risk Management
Sourced from Htxt.Africa FNB has been harnessing artificial intelligence (AI) to reimagine risk management and forensic due diligence processes. The result is the ability to review profiles for various financial crimes holistically, more rapidly, and more consistently, and free up the time of analysts to perform the functions that they remain better suited to than AI. FNB claims that this doesn’t mean that they need fewer analysts, but rather that their focus is now being used to conduct quality assurance of reviews, and to constantly feedback data into the evolution of the AI. On average, the use of AI frees up 70% of analysts’ time and generating a forensic synopsis ready for a human analyst to review that previously took hours can now be completed in as little as 8 seconds. AI is growin...
France using artificial intelligence to check whether people are wearing masks on public transport
France is integrating new AI tools into security cameras in the Paris metro system to check whether passengers are wearing face masks. The software, which has already been deployed elsewhere in the country, began a three-month trial in the central Chatelet-Les Halles station of Paris this week, reports Bloomberg. French startup DatakaLab, which created the program, says the goal is not to identify or punish individuals who don’t wear masks, but to generate anonymous statistical data that will help authorities anticipate future outbreaks of COVID-19. “We are just measuring this one objective,” DatakaLab CEO Xavier Fischer told The Verge. “The goal is just to publish statistics of how many people are wearing masks every day.” The pilot is one of a number of measures cities around the world a...
