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By Shaghil Bilali The banking and finance industry has found Artificial Intelligence to be useful in various areas such as sales forecasting and risk management. Yet, among its many applications, fraud detection in banking stands out as a particularly impactful use case. By leveraging a combination of supervised and unsupervised learning algorithms, Artificial Intelligence can enhance fraud detection capabilities. This is achieved by gaining a deeper understanding of customers' behaviors, enabling organizations to identify and prevent unauthorised activities more effectively. Types of banking frauds  Authorised push payment – In this type of fraud, the perpetrator typically deceives the payer into approving a payment to a fraudulent recipient. The recipient may present themselves as a genuine individual or business and may employ tactics like phishing to obtain authorisation for the payment. Photo by Jason Dent on Unsplash Account takeover – This type of fraud often involves tact...

Shaghil Bilali 1. Galileo AI You don't need to be a professional designer to generate the user interface (UI) designs you like. Write a simple text description, and Galileo AI will create the design in a blink. It will help you design faster than ever.  http://Usegalileo.ai 2. Poised  Are you afraid of online meetings since you are a camera-shy person? You don't need to be afraid. AI-powered communication coach Poised is here to help you. It analyses your online meetings and provides feedback on improving your communication skills. It runs in the background during your meeting, detects your mistakes in real time, and provides you with suggestions to improve your communication.    http://Poised.com  Photo by Headway on Unsplash 3. ConverseAI If you want to respond to your emails, messages, and comments with just one click, this AI tool is for you. It can also convert your long text into bullet points. It adjusts to the tone of your conversations to provide...

By Shaghil Bilali Artificial intelligence (AI) is helping human beings in many areas. Some of the areas where AI is having a significant impact include: Healthcare: AI is being used to help doctors diagnose diseases and develop treatment plans, to monitor patients' vital signs, and to develop new drugs and treatments. Education: AI is being used to personalise learning and provide students with individualised feedback and support. It is also helping teachers create and grade assessments. Photo by Owen Beard on Unsplash Manufacturing: AI is being used to optimise and automate manufacturing processes, from supply chain management to quality control and predictive maintenance. Finance: AI is being used to detect fraud, identify market trends, and personalise financial advice. Transportation: AI is being used to optimise traffic flows and improve the safety and efficiency of transportation systems, from self-driving cars to traffic control systems. Agriculture: AI is being used to ...

By Shaghil Bilali Individuals who acquire new skills throughout their professional journey tend to have better opportunities for personal and career development compared to those who do not. While possessing the ability to multitask can indicate proficiency in multiple areas, attempting to excel in various fields of creativity simultaneously may lead to obstacles and suboptimal outcomes. To address this issue, we offer a selection of artificial intelligence applications that can not only save time but also provide expert guidance, allowing you to work like a professional in your desired creative domains. 1. Chatsonic (Part of Writesonic) Chatsonic purports to be an enhanced edition of ChatGPT, providing prompt responses to your inquiries based on the latest available information. It has the ability to generate various forms of content and can even produce images in a matter of seconds. https://app.writesonic.com Photo by Christian Wiediger on Unsplash  (picture for representation ...

By Shaghil Bilali Not even two months old, ChatGPT is becoming increasingly popular at a rapid rate. Despite being at the machine-learning stage, the chatbot is completing some of the most challenging tasks in mere moments or minutes. The most recent development from the AI software came when Pieter Snepvangers, a student from a US university, announced that he tested ChatGPT to see if it could pass a difficult exam. Astoundingly, the AI technology composed a 2000-word essay in only 20 minutes, a task that would usually take a student around 12 weeks of studying. When his teacher at the university reviewed his essay, he remarked that the writing seemed suspicious; nevertheless, he graded the paper with a '2:2' or 53 marks out of 100. It was just last month when in a study, the same chatbot passed the final exam of an MBA programme designed for Pennsylvania’s Wharton School.  Professor Christian Terwiesch, who authored the study, raised concerns, saying that students might be ch...

By Shaghil Bilali If you want to write faster and with greater accuracy, variety, and boldness, these artificial intelligence (AI) apps will help you a great deal. These apps also provide editors with a lot of AI tools to quicken and polish their editing skills. They will surely save your time and resources. Here is my list:  1. Writesonic  Writesonic helps you easily write articles and blogs, ads, and marketing write-ups for social media platforms, websites, and e-commerce sites. Its Chatsonic section (which is free for everyone) claims to be more updated than OpenAI's ChatGPT. Writesonic is one of the few writing apps that also has the option to generate images. Its Photosonic search engine allows you to generate AI images in 10 seconds.   Writesonic.com        Photo by Andrew Neel on Unsplash 2. Grammarly  It’s one of the most popular apps for grammar checking. You can review the grammar, punctuation, spelling, clarity, ...