SparkCognition and Milize to Offer Automated Machine Learning Solutions for Financial Institutions to the APAC Region – IAM Network

SparkCognition, a leading industrial artificial intelligence (AI) company, is pleased to announce that Japanese AI and Fintech company, MILIZE Co., Ltd. will offer Japanese financial institutions fraud detection and anti-money laundering solutions. These solutions will be built using the automated machine learning software of SparkCognition. With the enormous increase of online payment, internet banking, and QR code payments, illegal use of credit cards is on the rise. However, there are not many Japanese companies that have introduced advanced solutions for fraud detection that currently exist internationally. In addition, financial authorities and institutions around the world are expected to report strengthened measures against money laundering in August 2020. As a result, taking these steps against money laundering has become an urgent management issue in Japanese financial institutions.