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Data Democratization: Stories about data, AI and privacy

17. Synthetic data engineering in insurance and banking

46 min • 29 september 2021

In the latest episode of the Data Democratization Podcast, Jim Hu, MOSTLY AI's Data Engineer, talks about the most exciting synthetic data engineering he has been busy doing. Synthetic data is quickly becoming a must-have engineering tool across industries, with new use cases emerging every day. If you want to learn how to leverage synthetic data in insurance and banking, listen to the episode! Learn to maximize synthetic data's business impact:

  • how to increase profit margins in insurance using synthetic data
  • how to maximize the lifetime revenue of a loan
  • how to detect suspicious transactions and prevent fraud
  • how to estimate credit risk using machine learning
  • how to unlock transaction data for AI training
  • why synthetic data is superior to legacy data anonymization techniques
  • optimize software testing processes
  • create personalized banking experiences
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