Big Data Analytics Solutions | Financial Services in India |Decimal Point Analysis
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Finance

Gotcha! AI Tool to Crack Down on Tax Evading Traders

In a first, the Delhi government is all set to use a machine-learning tool, developed by two US-based Indian researchers, to identify bogus firms propped up by traders in the city to evade taxes. University of California, Berkeley, Associate Professor Dr. Aprajit Mahajan and Postdoctoral Scholar Dr. Shekhar Mittal are developing the tool based on scrutiny of a vast dataset of VAT (Value Added Tax) returns registered in Delhi between 2012-17. The researchers are likely to officially submit their first set of findings to the government this month. Read More

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Finance

AI to Simplify Card Dispute Processing

Finscend, a fintech firm which streamlines credit and debit card dispute processing, has developed a Bank Dispute Platform (BDP). Powered by AI, BDP reduces the time it takes to onboard, investigate and adjudicate chargeback requests from three hours to a mere three minutes. In doing so, BDP slashes the dispute processing expenses of banks and other financial institutions by up to 40%, saving them billions of dollars. Meanwhile, for the cardholder, it turns an agonizing wait into a painless procedure that is completed via their smartphone. Read More

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Banking

Now An AI-Powered Contextually Aware and Location-Aware Chatbot

The Union Bank of the Philippines has developed qbo CX, a chatbot that combines the latest technology in real-time analytics, Natural Language Processing (NLP) and AI, providing the bank’s clients with a cutting-edge customer experience. qbo CX integrates with customer-facing channels like Facebook Messenger as well as the bank’s own systems, and provides a truly personalised, contextual and conversational experience. This means that customers can converse naturally with qbo CX, and the bot can in turn deliver useful services such as helping customers make payments, finding the nearest branch or telling them their current account balance. Read More

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Healthcare

AI Accurately Detects Vertebral Fractures on CT Scans

An AI algorithm can accurately detect vertebral fractures on computerized tomography (CT) images containing the spine, enabling opportunistic screening of these patients. In a feasibility study, a team of Dutch researchers trained a 3D convolutional neural network (CNN) to localize and grade vertebral fractures in a manner that's consistent with clinical practice. They trained the model on 90 CT images that were acquired on three different types of scanners for various indications. In testing, their model achieved an area under the curve of 0.93. Read More

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Healthcare

AI Generates Medical Records from Patient-Doctor Conversations

Amazon believes its latest Web Services tool, Amazon Transcribe Medical, will help doctors spend more time with their patients. The tool allows doctors to easily transcribe patient conversations and add those interactions to someone's medical records with the help of a deep learning software. The tool can understand medical language. Additionally, doctors don't have to worry about calling out commas and periods; the software will take care of that automatically. Read More

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Healthcare

AI to Enable Better Epilepsy Treatment Decisions

Experts at Stanford and doc.ai have announced a new type of clinical trial using AI that helps choose from over 14,000 different treatment scenarios to decide which drugs might be best for a person affected by epilepsy. The new trial’s goal is to help determine the precision of epilepsy treatment options incorporating many “real world” variables. It uses the predictive capabilities of AI to figure out the most effective choices. At the end of the study, patients will be given a report including charts and tables, seizure diaries, and summaries of past medication histories to help provide a full picture of their epilepsy. Read More

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Healthcare

AI Helps Find Signs of Heart Disease on Lung Cancer Screens

A research team has developed and tested a technique that uses deep learning to automatically measure coronary artery calcium on chest CT images. They trained the deep learning system on cardiac CTs and chest CTs in which the coronary artery calcium had been measured manually. They then tested the system on CT scans from thousands of heavy smokers, age 55-74, who were part of the National Lung Screening Trial. The results showed that the deep learning-derived coronary artery calcium scores corresponded closely to those of human readers. Read More

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“Quantum Computing, a revolution in technology, has shown great promise towards solving complex computing problems currently outside the capabilities of current computers. Though in its infancy, we at Decimal Point Analytics strongly believe that it is going to grow exponentially in the near future. It holds the potential not only to boost the AI revolution but also transform the way data is synthesized. The articles on Quantum computing will give an insight into the recent developments in this space.”

 
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Quantum Computing

A Money-Trading Machine that Uses Quantum Computing

Toshiba says its machine, developed in its Kawasaki research centre, uses quantum computing, parallel processing and a proprietary algorithm to identify arbitrage opportunities in the foreign exchange markets. The algorithm makes the optimum selection from large numbers of permutations based on a its “simulated bifurcation machine” theory. The machine works by noticing distortions in foreign currency transaction rates caused by big orders and then executing an arbitrage transaction based on the distortion. Toshiba intends to set up a high frequency trading operation and, if it is successful, offer it to financial institutions. Read More

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