Progressing in their Artificial Intelligence strategy with Deep Learning, Danske Bank is using a ‘champion/challenger’ model strategy. Results have been dramatic.
- 60% Reduction in False Positives -- Saving investigators significant time. Allowing them to investigate the real cases of fraud.
- 50% Increase Detecting True Positives after Danske Bank applied Deep Learning.
That translate into "real money" - a real benefit.
What is it about Artificial Intelligence (AI) that excites us data geeks? Is it the delivery of a promise given to us decades ago? Or endless possibilities that AI can give us now? Probably a little of both. For Danske Bank, it’s giving business outcomes that deliver exciting results and AI is inspiring everyone on the team!
Congratulations to Danske Bank for all the success in this renaissance of Artificial Intelligence!
Related Links and References:
- Fraud - Advanced Analytics
- Artificial Intelligence - Advanced Analytics
- Deep Learning - Advanced Analytics
- Machine Learning - Advanced Analytics
- Danske Bank: Innovating in Artificial Intelligence and Deep Learning to Detect Sophisticated Fraud - YouTube
- Danske Bank: Innovating in Artificial Intelligence and Deep Learning to Detect Sophisticated Fraud - Insights and Outcom…