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Which major financial institution will adopt NVIDIA's AI fraud detection by December 31, 2025?
3
Resolution / Starting Odds
Bank of America • 25%
JPMorgan Chase • 25%
Wells Fargo • 25%
Other • 25%
Official announcements from financial institutions or NVIDIA
Story
NVIDIA Launches AI Workflow on AWS for Fraud Detection, Boosting Accuracy by 40% with American Express and Capital One
Oct 28, 2024, 10:19 PM
NVIDIA has unveiled a new artificial intelligence (AI) workflow for fraud detection at the Money2020 USA conference. This innovative system, developed in collaboration with Amazon Web Services (AWS), aims to assist financial institutions in identifying and preventing credit card fraud more effectively. The AI solution leverages machine learning and graph neural networks to enhance detection capabilities, achieving a reported 40% increase in accuracy while reducing false positives. Major financial entities such as American Express and Capital One are already utilizing this advanced technology to combat sophisticated fraud attempts, marking a significant advancement in fraud prevention strategies.
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1-5 institutions • 25%
6-10 institutions • 25%
11-15 institutions • 25%
More than 15 institutions • 25%
Yes • 50%
No • 50%
Morgan Stanley • 25%
JPMorgan • 25%
Goldman Sachs • 25%
Other • 25%
Frost & Sullivan Award • 25%
IDC FinTech Rankings • 25%
Finovate Awards • 25%
Other • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Healthcare • 25%
Finance • 25%
Retail • 25%
Manufacturing • 25%
Morgan Stanley • 33%
Goldman Sachs • 33%
Bank of America • 33%
Microsoft • 25%
Amazon • 25%
IBM • 25%
Other • 25%
BlackRock • 25%
Fidelity • 25%
Vanguard • 25%
Other • 25%