Question

A regional bank implemented an automated solution to streamline their operations for receiving and processing checks/cheques. They would like to further enhance the solution to recognize signs of potential check fraud and alert their security teams accordingly.

Answer 1

Answer: Machine learning

Explanation:

The technology that could be combined with the current solution to do this is the machine learning.

Machine learning refers to the use and development of the computer systems which can learn and adapt without them following explicit instructions. This is done through the use of statistical models and algorithms in order to analyse inferences from the patterns in data.

Since the bank wants to streamline their operations for the receiving and processing checks while also enhancing the solution to recognize signs of potential check fraud, then the machine learning can be used.