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Mobile banking security: 5 serious challenges, and the 7 ways to address them

Posted by Sandstone Technology on Nov 11, 2021 10:14:50 AM
Even before the events of 2020, Australian and New Zealand consumers were embracing banking on the go. A 2021 RFI global digital banking study shows that 73% of consumers are using a mobile app to do their banking, with a significant increase of 12% over the past two years. The uptake of mobile banking apps has risen dramatically across all demographics, bringing with it new vulnerabilities.
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Topics: mobile and digital banking, Digital Banking

Heraclitus, Machine Learning and the Heavy Outlier

Posted by Sandstone Technology on Nov 17, 2020 11:21:33 AM

In the machine learning, at least for some classes of problems, a predictive model is built based on training the dataset where the outcome is known, and the same model is then used to predict the outcome from actual input data. The model may be further refined when larger numbers of data with known outcomes are available, or in a continual fashion, when a 'training' occurs on an incoming data for which the current model has failed to predict the correct outcome. I.e. the data point that has been 'trained' enlarges the training dataset thus occasioning the model to be rebuilt considering one more datum points with known outcomes, than was previously available.

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Topics: mobile and digital banking


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