Listen to Manu Thapar, Chief Technology Officer at MasterCard, and Drew Jenkins, AWS Alliance Leader at Persistent, as they talk about GenAI use cases with theCUBE industry analyst John Furrier during AWS re:Invent 2023 in Las Vegas.
MasterCard, the world’s second-largest payment processing corporation, plans to leverage Generative AI (GenAI) for use cases beyond developer productivity. The company partnered with Persistent to help create a fraud detection system that uses large language models (LLMs) principles to pre-empt bad actors from committing financial fraud. Just as LLMs would take a sequence of words to predict a subsequent string of words in a sentence, the same logic, when applied to financial transactions, can predict the next one based on preceding transactions. The model then can flag the transaction if it’s far removed from the predicted pattern, indicating fraud. This is called data inference, which helps AI models solve problems faster by correlating past events with possible outcomes, reducing latency and driving efficiencies.
Persistent, with its product engineering DNA, will partner with MasterCard to bring this initiative to fruition with low latency, high-security architectures powered by AWS. As a Premier Tier AWS Partner, we proactively collaborate with AWS to co-drive client engagement strategies for GenAI, bringing the voice of our customers to AWS. Our collaboration helps our clients experiment more, innovate at speed, and realize business value faster with GenAI applications. We have recently signed a strategic collaboration agreement (SCA) with AWS, where AWS will fund proofs of concept for clients like MasterCard to help them deploy industry-specific use cases faster.
Speakers –
Manu Thapar, Chief Technology Officer at MasterCard
Drew Jenkins, AWS Alliance Leader at Persistent
John Furrier – Industry Analyst, theCUBE
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