The Data Diva E192 - Michael Roche and Debbie Reynolds

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Debbie Reynolds, “The Data Diva” talks to Michael Roche, Founder, Executive Partner, and General Manager of Fintechnology Group (Authentication, AI, Fintech, Fraud). We discuss his expertise in authentication, AI, fintech, and fraud prevention. Throughout the podcast, Michael emphasizes the significant role of artificial intelligence in enhancing fraud detection systems in financial services, drawing parallels to data structures seen in healthcare.

Michael shares insights from his ongoing Executive MBA at MIT, focusing on AI's burgeoning impact on media and its pivotal role in fraud prevention. He narrates the origin and evolution of Finn Technology Group from a cloud consultancy for banks to its expansion into developing sophisticated financial technology solutions. The conversation shifts towards AI's current and potential applications in banking, particularly in improving mobile banking security and fraud detection through advanced machine learning techniques.

Privacy concerns linked to mobile and digital banking, the regulatory landscape in the EU compared to the US, and the implications of GDPR are thoroughly discussed. Michael and Debbie also explore the challenges and risks associated with data breaches and the increasing sophistication of AI-powered fraud schemes.

The podcast concludes with Michael's thoughts on AI in banking, emphasizing the need for robust security frameworks to combat the dual-use nature of AI in fraud and security. We ponder the societal impacts of AI, reflecting on cinematic portrayals of technology and its ethical dimensions, underscoring the need for continued vigilance and innovation in the face of evolving digital threats and Michael shares his hope for Data Privacy in the future.

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