RecoSense
Leveraging AI for Advanced Lending Fraud Detection
Fraud has plagued the lending industry for many years. Fraudulent behavior in lending can take many forms, including identity theft, loan stacking, and money laundering. To combat these issues, lenders increasingly turn to artificial intelligence (AI) for fraud detection. AI has the potential to transform fraud detection in lending by enabling lenders to analyze vast…
RecoSense
Top Benefits & Use Cases of NLP in Insurance Industry
The influx of data has long challenged the insurance industry—a cascade of claims, market analyses, regulatory documents, and customer interactions. Amidst this data accumulation lies the need for efficient processing, accurate risk evaluation, and compliance adherence.  Fortunately, the insurance industry has witnessed a remarkable transformation in recent years due to technological advancements. One of…
RecoSense
NLP in Compliance and Risk Management
Imagine the anxiety that grips financial service professionals as they grapple with mountains of data, striving to identify potential risks and ensure compliance with ever-evolving regulations. Their responsibility is immense, as the consequences of even a single oversight can have far-reaching implications—financial penalties, reputational damage, and even the loss of customer trust. This is where…
RecoSense
An Analysis of NLP Capabilities in Banking
The banking world is undergoing a remarkable transformation, driven by advancements in technology that are reshaping the industry’s landscape. Among the transformative technologies, Natural Language Processing (NLP) has emerged as a game-changer, empowering banks to harness the power of language and revolutionize their operations. By enabling machines to understand, interpret, and generate human language, NLP…
RecoSense
Optimizing Content Discovery using NLP based Search
Digital media has seen exponential growth in users and content over the past few years. The online user traffic to OTT platforms has taken a steep jump and the market is expected to go up from the current $104 billion as recorded in 2019, to a whopping $161 billion in 2020 with an annual growth…
