Large language models: How they help fintechs
Chat GPT, nearing 200 million users, powers transformative tools like Gemini to enhance mundane tasks and overall efficiency in various industries, including fintech
April 25, 2024
Chat GPT, nearing 200 million users, powers transformative tools like Gemini to enhance mundane tasks and overall efficiency in various industries, including fintech
ChatGPT, nearing 200 million users, uses Large Language Models to streamline tasks and improve efficiency in industries like fintech, enhancing customer support and fraud detection.
In 2023, the UK government committed £100 million and 400 new fraud officers to reduce fraud by 10% by 2025, amid increasing social media and deepfake scams, according to IDnow’s UK Fraud Awareness Report.
Payall has partnered with Latvian regtech leader Huntli to enhance fraud prevention and transaction monitoring for a broad spectrum of financial institutions, bolstering capabilities in fraud and risk mitigation.
