Renewable Energy
Use Cases
Fraud prediction
Identify fraud patterns, determine the level of risk and predicting future fraudulent events
Creditworthiness analysis
Determine creditworthiness by using historic data to analyze and predict default probability.
Market data cleaning
Detect anomalies (e.g., missing values) and assign abnormal values an averaged or fitted value
Settlement prediction
Predict when a settlement will be effectuated, based on current and historical settlements
Payment matching
Automate matching of incoming and outgoing payments and give the processor choices for “best fit” matches
Client reaction based on scenarios
Analyze client behavior in the different market scenarios and generate simulated market scenario predictions
Ready-to-use solutions for finance & banking
With our Asset Store, there is no need to develop everything from scratch yourself. Benefit from ready-to-use solutions, offering everything you need to kick-start and accelerate your AI projects.
Fraud detection and prevention
Knowing the likelihood of fraud in a transaction and the drivers behind it allows a company to lower its fraud rate by preventing transactions or conduct more efficient screening. 2021.AI has helped an insurance company with 30,000 cases where fraud was detected in 1,100 cases amounting to a value of 8,880,000 DKK.
Regulatory attention on emerging technologies and their applications is increasing
Organizations working with emerging technologies, such as AI, can expect more external requirements for transparency on how they use them, which will require added governance, risk & compliance capabilities.
Traditional compliance system
When it comes to monitoring and documenting the use of emerging technologies, traditional compliance systems have blind spots:
- Lack transparent information about how models operate
- Model results, including whether they are accurate and fair, are not tracked or measured
- Producing a compliant Data Protection Impact Assessment (DPIA) is not possible
- Compliance protection by design principles or guidelines are not available
Grace’s Tech GRC system
With Governance, Risk & Compliance measures at its core, Grace makes it easy to monitor and document how emerging technologies are applied:
- Full transparency on how models operate
- Solution and risk controls in place, allowing a complete overview of any operational measures of a model
- Process and solution to ensure that all relevant stakeholders fill in DPIA and other mandatory assessments
- Solution enhancing compliance with data protection at its core