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AI a game-changer in today’s fast-paced financial services industry

A shifting regulatory landscape, new consumer behaviors, and emerging technologies are changing the face of the financial services industry. FinTech, InsurTech, and, now, Big Tech firms are creating new paradigms.

Consumers now have high-speed network access bringing new financial services right to their smartphones.

Payment aggregators like PayPal are facilitating fast online money transfers between individuals, and, with contactless mobile payment apps, consumers can now pay directly with their smartphones*.

In this rapidly-changing environment, cashless transaction fraud is on the rise. In 2018, an estimated €1 billion was lost to 6.7 million fraudulent transactions**.

Technologies that empower financial services stakeholders to:

Probayes: a trusted third party

A subsidiary of La Poste since 2016, Probayes is a trusted third party

Artificial Intelligence is making its way into the financial services industry, and for good reason. AI is uniquely positioned to leverage:

Algorithms tailored to the financial services industry

Probayes uses a wide range of algorithmic tools that have been tested, implemented, and validated on a significant number of financial services use cases. Our toolbox:

Data analysis
Data exploration, visual dashboards, and statistical feedback to support decision-making

Behavioral analysis
Clustering of customers with similar behaviors to detect atypical phenomena

Predictive algorithms
Supervised learning to detect fraud and money laundering, predict average shopping cart, churn, and more

Computer vision
Deep learning for enahnced automated scanning of checks, ID cards, addresses, and other informaton

Automatic language processing
Combined with deep learning, ALP powers solutions that can understand and process human language in email bots and chatbots

Anomaly detection
Machine learning and real-time big data technologies can help find anomalies in financial transaction flows

Model explainability
The ability to explain models and the resulting predictions is a foundational aspect of many use cases that require an understanding of the factors that led to an abnormal (or, on the contrary, a desired) situation

Fraud detection and security
Algorithms for KYC (know your customer) processes

Automatic re-learning
Often needed due to changes in beaviors, processes, and infrastructures over time

Better results, together

We work hand in hand with your business experts

Your data probably comes from a significant number of different sources, and it must be kept safe from prying eyes. At Probayes, we work in close partnership with your business and process experts, ensuring clear communication and total transparency at every stage of the project. The goal is for us to get better results for you by working together throughout your project. Your people will gain knowledge of the methods used to implement AI solutions in the financial services industry, and our people will acquire a deep understanding of your business objectives and imperatives. This is how we build strong long-term partnerships.

Success stories

FraudIA™

Detect credit card fraud

Churn

Detect customers that are likely to leave

Chatbot

Give customers and employees a conversation agent

Artificial intelligence: Strategies for reducing your financial transaction fraud rate

In France* alone, the e-commerce market reported €103.4 billion in sales (2019). And, over the past twelve months, the number of transactions on e-commerce sites has risen by 15.7%, a trend that is generating more online payments than ever before.

Framatome

Success story

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Challenge

The project

Results

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