The UK government has announced a project to use AI technology in the anti-fraud industry. It is one of 40 AI and data analytics projects which aim to transform the UK insurance, accountancy and legal services sectors. They will be backed by $13m in government investment. Intelligent Voice, Strenuus and the University of East London are developing the AI software, combining machine learning with voice recognition to detect the credibility of insurance claims through linguistics and emotions. “Insurance companies have been using artificial intelligence for years but it was only recently that they started taking this into account when assessing claims,” said Dr David Wilson, director of research at Strenuus. in 2017, HMT established the Fintech Delivery Panel, an industry forum tasked with driving forward industry-led initiatives, and actively supports other groups championing the cause of UK Fintech. A further government-backed project will utilise drones to assess flood damage.
The UK government has announced a project to use AI technology in the anti-fraud industry. It is one of 40 AI and data analytics projects which aim to transform the UK insurance, accountancy and legal services sectors. They will be backed by $13m in government investment. Intelligent Voice, Strenuus and the University of East London are developing the AI software, combining machine learning with voice recognition to detect the credibility of insurance claims through linguistics and emotions. “Insurance companies have been using artificial intelligence for years but it was only recently that they started taking this into account when assessing claims,” said Dr David Wilson, director of research at Strenuus. A further government-backed project will utilise drones to assess flood damage.