Remove banking-and-payments filing-complaints
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Machine Learning Transforms Life Insurance Beyond the Actuarial Process

Smart Data Collective

One way that it can help is when customers need a lump-sum cash payment. Banks and insurance firms are deriving high benefits from AI in customer engagements, yet the initiatives are not scaled,” the report states. However, there are multiple other reasons that life insurance companies use machine learning as well.

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Unlocking the power of chatbots: Key benefits for businesses and customers

IBM Journey to AI blog

Chatbots can help your customers and potential clients find or input information quickly by instantly responding to requests that use audio input, text input or a combination of both, eliminating the need for human intervention or manual research. Chatbots can: Provide fast answers to customer inquiries No one likes to wait for an answer.

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How Did Authorities Identify the Alleged Lockbit Boss?

Hacker News

Federal investigators say Khoroshev ran LockBit as a “ ransomware-as-a-service ” operation, wherein he kept 20 percent of any ransom amount paid by a victim organization infected with his code, with the remaining 80 percent of the payment going to LockBit affiliates responsible for spreading the malware. Image: treasury.gov.

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Information extraction with LLMs using Amazon SageMaker JumpStart

AWS Machine Learning Blog

Tasks such as routing support tickets, recognizing customers intents from a chatbot conversation session, extracting key entities from contracts, invoices, and other type of documents, as well as analyzing customer feedback are examples of long-standing needs. We also examine the uplift from fine-tuning an LLM for a specific extractive task.

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