Blogs | AI Software | ESG & Big Data Analytics Applications – KewMann

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Mar 09, 2023 5:16:52 PM / by Macy Choong

5 Best Practices for Bank Fraud Detection and Prevention

As the threats of fraud continue to evolve all around the world, it’s becoming increasingly clear that traditional methods of fraud detection are no longer enough. Not only that, the cost of fraud to financial institutions and the customers is staggering, and the consequences of a successful fraud can be devastating...

Sep 26, 2022 0:00:00 PM / by The Edge Malaysia
[Publish on Digital Edge]

Banks Found to be Vulnerable Following Assessment of Their Fraud Mitigation Technology

Asian banks were discovered to be highly vulnerable to fraud as most of them have low fraud insight accuracy, with their fraud detection false alarm rate above 80%, serving as a wake-up call...

Sep 09, 2021 4:56:32 PM / by Macy Choong

How to Ensure All Frauds Have Been Detected? A Million Dollar Fine Being Imposed to A Bank Due to Frauds!

[Warning to Financial Institutions]

Frauds and compliance issues are on the rise which has become a serious hidden threat to organisations since the business trends and consumer behaviours are shifting online. The exponential increase in online activities makes organisations more vulnerable ...

Jul 12, 2021 / by Kew Yoke Ling
[Published on The Edge]

Strategy: Crisis for B2B start-ups: How to survive and accelerate during hard times

The seemingly never-ending waves of the pandemic in Malaysia are difficult to predict. However, we have managed to not only survive these times, but accelerate....

Apr 14, 2021 / by Macy Choong
[Publicised by Oasis KrAsia]

How Predicting Human Behaviours Accurately Could Help to Detect Fraud

By gaining deeper and smarter insights about consumers and fraudsters, it can greatly empower us in analysing and predicting fraudster patterns to detect potential frauds...

Nov 5, 2020 3:55:44 PM / by Macy Choong

A Human-Focused Gamification: Speedier Route to Achieve Your Goals

Gamification has been a raising behavioural science approach for organisations to increase engagement and motivate users or customers to achieve a certain goal during the past few years. It has been defined by Gartner as the use of game mechanics to drive engagement in non-game business scenarios and...

Oct 12, 2020 4:07:43 PM / by Macy Choong

The Power of Smart Recommendations – Boost Revenue & Drive Engagements

The data of organisations is growing fast especially when the consumers' behaviours are forced to be changed to adapt to the new normal which is to the digital world due to the pandemic outbreak. The industries with high traffic on transactions such as banks, insurance and retails will experience high concurrency and high data throughput...

Sep 14, 2020 6:42:48 PM / by Macy Choong

5 Winning Strategies to Enhance Customer Retention and Satisfaction

Customer experience has been the top priorities for most of the organisations today because customers will not only care about the quality of products or services but they will also concern about the customer service experience for the entire purchasing process. According to a research from Forbes, 30% of the customers who had a bad experience...

Sep 14, 2020 5:26:43 PM / by Macy Choong

Detect the Frauds before Causing ANY Loss or Damages to Your Organisation!

Achieving high profitability and sustainability are always the critical goals for most of the organisations and increasing sales is the most direct way in earning profit while ensuring cash flows is very important for government and non-profit organisations. However...

Aug 12, 2020 3:56:22 PM / by Macy Choong

Rising NPL? NO MORE - 3 Must-Have Features to Mitigate Your Credit Risk while Optimising Your Revenue!

Since 2018, the use of AI for the organisations have been more than doubled and 40% of financial services companies were applying AI against risk. (Birlasoft, 2019) However, not all of them see significant value on mitigating risk with AI because...

Aug 12, 2020 2:01:43 PM / by Macy Choong

5 Effective Bank Debt Collection Strategies that Minimise Non-performing Loans

There are various types of business strategies for the organisations to optimise revenue by triggering consumers purchasing decision and providing services or products to customers with alternative payment options. Offering debt in the form of loans is one of the business strategies for the banks to gain interest by compensating the risk of defaults. On the other hand...

Jun 16, 2020 6:45:25 PM / by Macy Choong

The Top Secret: How to Influence the Right Targets Precisely

Optimise revenue and increase profit are always the main goal for every organisation. One of the most direct ways to gain profit is by improving sales performance. Every organisation will also have their target audiences that they hope to be influenced to drive sales. However...

Jun 1, 2020 2:20:15 PM / by Macy Choong

3 Typical Insurance Misconducts that Must Monitor During Recession

Misconduct is improper and wrongful behavior that acted by an individual or a group to gain certain benefits without considering the consequences. In the workplace, it is always a crucial issue that may cause huge unwanted loss to the organisations, damage the organisations' reputation and competitive position...

May 31, 2020 3:02:00 PM / by Macy Choong

Applying Behavioral Science with Advanced Technologies to Predict & Influence Human Behavior

Behavioral science by itself is not something new which refers to the use of scientific methods to study human behaviors. How about applying behavioral science to leverage big data with advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML)?...

Apr 3, 2020 3:05:56 PM / by Macy choong

Your Data can Helps You to Predict the Future Accurately

Predicting the future? Some of us might wish to gain this power but some might judge about that. Many technology companies claim that they are able to predict the future with technologies like Artificial Intelligence and Machine Learning....

Mar 26, 2020 3:47:43 PM / by Macy Choong

The Covid-19 Strike: The Impact on Insurance Industry & Ways to Mitigate Risk

The outbreak of Coronavirus disease (COVID-19) since December 2019 has been causing the entire world chaos and threatening human lives with the rapid transmission speed. Many countries had imposed lockdown to combat the spread. What are the impacts of this pandemic disease to Insurance industry?

Nov 29, 2019 7:08:38 PM / by Macy Choong

4 Digital Transformation Strategies for Insurers to Speed Up Success

Based on McKinsey's 2019 Global Insurance Trends and Forecast analysis, the annual growth rate of global insurance industry has increased more than 4 percent in 2017.
As the number of policyholders are growing rapidly, the amount of data from different sources will be increased continuously...

Dec 3, 2019 2:49:11 PM / by Macy choong

4 Hidden Keys of How to Use Data Analytics to Increase Sales

Big data is a very valuable asset to the businesses if you are able to unleash the power of data correctly. According to a study from Entrepreneur, the businesses that use big data successfully increased an average of 8 to 10 percent of profit. The world’s leading streaming entertainment service company, Netflix, used big data to save $1 billion per year on customer retention...