Two commonly cited use cases for advanced analytics across financial services entail risk management and fraud detection; specifically, the use of advanced analytics to detect and reduce incidents of false positives.

Many financial services institutions (FSIs) are still working on optimizing these solutions and contrary to what some may believe, artificial intelligence has not rendered advanced analytics obsolete. In fact, many robust AI solutions rely on insights weaned through advanced analytics, and those organizations that are not yet ready to hand off their reins entirely to AI may find solace in mastering advanced analytics first. Read More