Machine learning takes the fast track - Banking Exchange

Among the multitude of new technologies entering banking's sphere, machine learning likely will quickly come to the fore. Imagine some poor bank employee sitting at a desk, peering at multiple computer screens. On those screens come waves and waves of charts, transaction lists, voice recordings, geographical data points, and social media posts, all constantly changing--and all focused on a single bank customer. The bank employee's job, at the moment: Decide whether that customer actually used his own credit card to buy a big screen television, or if that transaction, which just occurred, is fraudulent. And he only has a moment to decide.