BFC Bulletins Monthly News Digest
The Kiev-based startup company IntelSoft has created a smart platform that is capable of detecting bank fraud and disgruntled consumers at a rate that exceeds 90%. The platform uses mathematical models to build its own predictive analytics models, meaning that companies using the platform no longer need to keep highly-qualified data scientists on staff. Moreover, the platform can be customized for each unique business task and can be fully-automated. According to its creator, models built on the platform are at least 25% more accurate than those built by a qualified data science team. Furthermore, the platform is capable of producing a new model in minutes, whereas it can data scientists several months to do the same thing.
