Financial institutions need to detect and prevent fraudulent activities, including identity theft, account takeover, and money laundering. AI-enabled applications can reduce false positives in transaction fraud detection, enhance identity verification accuracy for know-your-customer (KYC) requirements, and boost the effectiveness of anti-money laundering (AML) efforts.
The NVIDIA RAPIDS™ Accelerator for Apache Spark accelerates processing time up to 5X or more and allows the same work to be completed with 4X less infrastructure cost.
