CEEGC2018: use of AI gambling and payments with the experts
Artificial intelligence (AI) is changing the online gambling industry, mainly in the way it collects, analyses and handles user data. This will represent a milestone in the historic growth of gambling.
It’s something that’s illustrated by the fact that the worth of the big data market was $35 bln in 2017, a figure that’s expected to triple by 2027.
In the gambling industry, data is also crucial. Gambling companies invest time and money on data collection and analysis, since the industry is closely connected to statistical probability, it’s hugely beneficial for casino operators and software developers to be informed of the needs of their potential clients.
The same situation is valid for the payments industry where In order to respond to the shifting business, financial and regulatory landscape, financial institutions need to have the highest levels of efficiency across key activities such as payments processing, customer onboarding, product innovation and time to market, as well as sanctions screening, anti-money laundering (AML) and fraud detection.
AI could play an increasingly important role. While human intervention will probably never fully disappear, technology over the past decade has advanced significantly as to what can be automated and what requires manual intervention in the service of fraud detection and prevention.
This is due to advances in machine learning over the past decade, with this technology has been gradually integrated into the business world as data becomes much more prevalent.
The experts of the “Innovation Talks – Use of AI (Artificial Intelligence) in gambling and payments” panel discussion will share their knowledge about the use of AI in the gambling industry. With this occasion the organizers would like to introduce the two panelist of the discussion Michiel van der Burgh (Acapture) and Sebastian Meitz (Gaming 5.0) along with the moderator of the panel Mihnea Paul Popescu-Grisogono (Casino Life & Business Magazine).