Advancing Fraud Detection and Prevention through the Power of AI/GenAI/ML

Despite the widespread use of terms like Artificial Intelligence (AI), Generative AI (GenAI) and Machine Learning (ML), many organisations have experienced minimal real-world impact. Procurement and finance functions continue to rely on manual processes, like spreadsheets and manual checks for identifying non-compliance, errors and fraudulent transactions The outcomes of AI, GenAI, and ML applications often disappoint, causing high costs and risks due to ineffective IT systems. 

In this session, KPMG in Singapore will share insights, successes, challenges, and misconceptions in leveraging Microsoft Azure AI, GenAI, and ML for managing risk and compliance. We will also explore how this advanced technology can operationalise procurement and financial policies and control frameworks. Additionally, Microsoft will discuss the capabilities of Microsoft Azure to bolster the effectiveness and cost efficiency of an AI-enabled continuous monitoring system for fraud detection and prevention.

This is an exclusive joint event by KPMG in Singapore and Microsoft, where we delve into the transformative power of advanced technologies in mitigating significant challenges related to preventing fraudulent activities. This event promises an engaging discussion, accompanied by an opportunity to network with fellow professionals.

For more information, please contact events@kpmg.com.sg.