On Thursday, IBM an international tech company, announced IBM z16, a Telum processor that allows clients to infuse AI inferencing for real-time insights. This innovation is designed to enable clients to analyse real-time transactions, at scale — for mission-critical workloads such as credit card, healthcare, and financial transactions.
“IBM z16 delivers breakthrough technologies for AI and cyber resiliency – making it a crucial platform for any digital transformation,” she says.Financial institutions worldwide struggle with the impacts of fraudulent activities on their revenues and consumer interactions. IBM z16 brings together AI inferencing, via its. Inferencing refers to the act of using a neural network to provide insights after it has been trained.
Other threats including tax fraud and organized retail theft are emerging as challenges for governments and businesses to control. Real-time payments and alternative payment methods like cryptocurrencies are pushing the limits on traditional fraud detection techniques.Loan approval: to speed up approval of business or consumer loans
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