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UK Government tests frictionless trade models with Ecosystem of Trust pilots

IBM Big Data Hub

The UK government’s Ecosystem of Trust is a potential future border model for frictionless trade, which the UK government committed to pilot testing from October 2022 to March 2023.

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A Year After: Has Blockchain Changed Advertising by 2022?

Smart Data Collective

Now that we’ve marched into 2022 it’s time to recollect those talks, inspect the current market and finally understand if blockchain really brings some changes into ad tech and martech scene. The landscape of blockchain-driven solutions: from 2018 to 2022. Globally, ad fraud will most certainly cost advertisers $81 billion in 2022.

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How to Mitigate Fraud Risks and Best Serve eCommerce Customers

CIO Business Intelligence

Phishing/pharming, card testing, identity theft, and first-party misuse remain the most prevalent fraud attacks, each affecting more than three in 10 merchants globally, according to 2022 Global Fraud Report , by the Merchants Risk Council, Cybersource, and Verifi. 5] Visa, Just one second: What happens when we pay?

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What is Model Risk and Why Does it Matter?

DataRobot Blog

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks.

Risk 111
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Top 8 Machine Learning Development Companies in 2022

Smart Data Collective

One of the biggest benefits is testing processes for optimal effectiveness. The main purpose of machine learning is to partially or completely replace manual testing. One example is using machine learning tools like Selenium to test web development processes. There are a number of great applications of machine learning.

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AI-Based Banking Loan Software Will Become Norm In 2022

Smart Data Collective

In this article, we decided to cover the tendencies in banking loan software in 2022 and give a brief market outlook of AI-driven lending software as a whole. Loan approval, as one of the biggest bottlenecks due to inconsistency of information between teams, may increase business risks. Digital banking market.

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Generative AI is hot, but predictive AI remains the workhorse

CIO Business Intelligence

Since the release of ChatGPT in November 2022, generative AI (genAI) has become a high priority for enterprise CEOs and boards of directors. Processes for governance and testing also don’t need to be completely reinvented. But generally, the processes for managing genAI risk will be similar to those of predictive AI.

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