Global real-time payments company ACI Worldwide has announced that the patent for its incremental learning technology – which it describes as an “industry-first” approach to machine learning – has received full approval.
The company said that while traditional machine learning models need to be re-trained as fraud patterns change, models using incremental learning make small adjustments on an ongoing basis, allowing the model to adapt itself in production when new behaviours are observed.
“Fraud attempts on financial institutions and merchants continue to rise globally, while fraud patterns are evolving more rapidly than ever,” said Debbie Guerra, head of merchant segment, ACI Worldwide. “Incremental learning is a key development in the fight against fraud – a technology that is highly adaptable and responsive to emerging threats.
“Its full patent approval is a recognition of the innovative approach of our dedicated data science team.”
Latest News
-
Lloyds and Aberdeen Investments test tokenised assets as FX collateral
-
Lloyds Banking Group ‘in talks to buy Curve for £120m’
-
JP Morgan to charge FinTechs ‘hundreds of millions’ for customer data
-
Nationwide partners with Accenture and Microsoft on genAI-driven cybersecurity
-
FCA takes action against more than 1,600 websites to fight financial crime
-
Deutsche Bank partners with Swift for instant cash reporting
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories