Using AI to fight fraud

Source: Xinhua | 2018-09-17

THE Shanghai Big Data Joint Information Lab uses the latest AI applications on finance to warn investors of potential risks of fraud.

The lab, backed by technology from Fudan University and data from telecommunications carriers, banks and security firms, has set up a database of finance fraud cases which have occurred in Shanghai in the past 20 years, including run-away P2P (peer-to-peer) lending platforms.

Alibaba, Huawei and SenseTime are showcasing applications during WAIC.

Huawei is showing off a new cloud-based system embracing all-in-one AI devices that ensure data security and analysis efficiency for clients.

“All data is stored and processed locally by (enterprise) clients themselves. We just provide related AI and cloud abilities,” said Huawei at its booth at the event.