If you keep yourself updated with news from around the world, you’d probably hear about bank fraud or ongoing cases related to such crimes quite often. That’s because banking and finance fraud has been a persistent issue for both consumers and organisations. Every year billions of dollars are lost to fraudsters who find new ways… Read More »A Broad Understanding of the Prevalence of Fraud in the Banking Industry
Insurance is essentially based on the principle of mutual benefit and is designed to safeguard against significant but uncertain circumstances. However, insurance fraud undermines this principle, as fraudulent activities and claims drain the money paid by many honest consumers. Insurance fraud has an indelible impact on both consumers and insurers. While technologies may have evolved… Read More »Enlightening Insights Into Insurance Fraud: Types, Challenges and Statistics
If we look back even a decade ago, the only concrete point of reference for artificial intelligence (AI) we had was J.A.R.V.I.S. from the movie Iron Man. However, we have come a long way since then and AI has been the driving force behind many pathbreaking innovations. One such innovation that has got everyone talking… Read More »Dissecting ChatGPT: Is it a Passing Trend or a Lasting Phenomenon?
Businesses aiming to enhance the efficiency of their processes and looking for ways to simplify a set of critical tasks, are required to integrate cutting-edge software. The software you opt for will depend on the specific needs of your business. This brings us to the pertinent question, what type of software does your business require?… Read More »Open-source Software Vs Custom Software: What Does Your Business Need?