Financial organizations across the globe lose 5 per cent, on average, of their annual revenue because of numerous fraudulent activities, not to mention the loss of productivity & depleted customer confidence as a by-product of the same. With artificial intelligence (AI) in fraud businesses can enhance internal security and simplify corporate operations.
AI can handle a vast number of transactions quickly, thus helping detect fraud in real-time and rejecting or flagging fraudulent transactions for further investigation. Machine Learning (ML) can train models, thus making this detection process extremely fast.
Supervised ML-based systems can be monitored by businesses’ analytics wing, which is at higher risk of such attacks. Moreover, these ML models can be subjected to constant scaling and upgrade, thus improving the fraud prevention scores. Integrating supervised & unsupervised machine learning into one fraud prevention payment score will help discover irregularities in emerging data. Combining these two will deliver scores that are twice as predictive as previous methods.
AI-based technologies can help you evaluate a large amount of transactional data and assist you in identifying fraud patterns and tactics, thus allowing you to save millions through the prevention of any fraudulent attack.
Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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