Walking into 2022 has been a beautiful experience yet filled with chaos & curiosity. Various technological revolutions are driving multiple businesses, reforming business processes on a massive scale. It might not be earlier to depict that the future awaits you with countless automated business methodologies. In this article, we are sharing How AI Can Help Fight Financial Frauds.
For instance, let’s have a look over the remittance industry. Managing international money transfers has been made convenient to an extreme height of comfort. All these facilities are merely the sole outcomes of AI and infused automation.
Ever thought about how AI can save you from fraudulent threats? Keep reading to find out more interesting facts associated with AI in 2024.
What is Artificial Intelligence?
In simpler words, Artificial Intelligence (AI) is the broad range of aspects of information technology. Smart and robust machines infused with AI are tasked to make complex tasks using human intelligence. For example:
- Siri, Alexa, and other smart assistants
- Self-driving cars like tesla etc.
- Robo-advisors
- Conversational bots & machines
- Email spam filters
- Netflix’s recommendations
- Social Applications recommendations
How AI Can Help Fight Financial Frauds?
Want to learn How AI Can Help Fight Financial Frauds? The appropriate usage of AI can help prevent prohibited activities, keeping users safe and secure. According to reports shared by analysts and professionals, AI is projected to capture a $190.61 billion market value by 2025. Only 7% of companies are found excluded from the usage of AI. While 86% of CEOs have confirmed AI to be the significant mainstream of their business capital.
Following the past few years of Covid-19, many businesses have migrated toward the digital sector. No doubt, the migration has been productive for their business growth. But still, there are plenty of businesses with the back door open for cyber-attacks and intruders. AI can simply secure business activities, aligning with cyber security to eradicate harmful threats.
Digital Remittance Industry and Artificial Intelligence
The digital remittance industry is using AI to bring forth convenience and productivity. Unlike any other banking sector, where you may have to wait for unspecified hours, all the struggle is to execute a single transaction. ACE Money Transfer has been a renowned remittance partner for managing all kinds of international money transfers.
With ACE, you can benefit from a wide range of essential services like bank deposits, cash pickup, and mobile wallets. However, the list of VAS includes mobile top-up and bill payments. ACE delivers international money transfer services across 106 countries with around 3 million customers worldwide.
ACE Money Transfer: Offering Proficient Services
Over the years, ACE has been providing reliable digital services for remittance purposes. People can directly manage their remittances with rightful access to their digital accounts and transfer money overseas. Indeed, ACE has been an emerging leader in initiating the best international money transfer services. Encrypted with the latest AI-based technologies, ACE provides hassle-free cross-border payments. Overseas expats from countries like Nigeria perform money transfer to Nigeria very often.
Smart Mobile Application: Android & iOS
The era of mobile applications is growing continuously at a rapid pace. Keeping in mind the emerging trend of robust applications, the ACE smart mobile application is all you need for international money transfers. The global money transfer app is available for both android & iOS users globally. It doesn’t matter wherever you go; just log in to your account on the smart mobile application and configure international remittances with a few clicks. Isn’t that easy? Considering the hectic routine followed in the past, the modern money transfer process is considerably efficient and impressive.
Security and Protection for Your Remittances
The ACE mobile application is equipped with all necessities to provide surplus protection. You must configure an email account and mobile phone number at the time of signup. These sources (email & mobile number) offer an extra layer of protection for your ACE account. As a result, you can remain free of worries about an intruder accessing your account and making transfers on your behalf.
The Bottom Line:
There is no second thought that technology is grooming daily. Consequently, the end-user and all the associated stakeholders are taking advantage of the technological advancements. It’s finally time to say goodbye to all the worries of managing international money transfers. Create a free account on ACE Money Transfer today and get the best deals in town. For more details and information, feel free to visit www.acemoneytransfer.com.