While most of the individuals toil hard to have a decent lifestyle, there are some others out there who experiment with different fraudulent activities to earn more and faster. Such fraudulent activities have increased in number with the option of digital activities. You will find fraudulent activities in almost all sectors. Hence, experts and professionals always keep on alerting the general public to stay safe from such cases.

Technology has also come up with several solutions to keep customers away from such fraudulent activities. Two of such technological advancements can be noticed through machine learning and data science services.

Here are some of the ways how data science and machine learning have been protecting users from fraudulence.

Data in Company Folders:

It was quite frequent earlier when a company attempted to steal the data of their competitors to gain a higher position in the market. The cloud computing system has offered a sense of security against such fraudulence. The use of machine learning embedded in cloud computing makes sure that the data is safe and nobody else can steal it without the permission of the authorized user. Such a system comes with several features so that the users can use it conveniently and can also protect the crucial data from the eyes of the competitors.

Online Payments and Ecommerce:

E Commerce is the sector that faces a maximum amount of fraudulence. It not just creates trouble for the customers but also hampers the reputation of the e-commerce company. Thus, most of the e-commerce sites today make use of security systems supported by data science and machine learning options. The machine learning technique makes sure that the data of the customers are not being stolen by any outsider.

Also, if a fraudulent person is trying to use a stolen credit card or a debit card in the system, the data science technique recognizes it. It is done by matching the personal and other crucial data fed by the person with the actual data of the card at the bank. The fraud detection machine learning system is made to use in many such similar activities.

Tax Fraudulence:

While there are some people who get scared of the slightest calculation error in taxation, there are some others who deliberately do such mistakes. Some people honestly wish to pay the taxes in respect of the country, while others seek fraudulent activities to save their black money.

It used to be quite difficult earlier to manually check out such people who are indulging in such fraudulent activities. But now government bodies of different countries such as the USA make use of technologies such as data science and machine learning to keep a track of such fraudulence.

Fraudsters can be anywhere and they can cause trouble in different ways. While technology only helps these people to cause such fraudulent activities, technology only helps in keeping a check against such fraudulent activities. Technologies such as data science and machine learning have been helpful in different sectors now in keeping such fraudulence under check.

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3 IPOs to Watch in 2016

Whether you are curious about stock or any other form of financial trading or simply enjoy seeing a success of the startups – IPOs are a great to watch. Not only you get to learn how undervalued or overpriced a certain company was, but you also get to see a rapid development a company can achieve with the funds it raised.

We are entering the middle of 2016 and so far there has not been too many interesting IPOs. When looking at the financial industry, it is possible to highlight the listing of the largest Dutch bank – ABN Amro. Next to this, a few ECN currency brokers flipped an IPO this year.

X-Trade Brokers, just got listed roughly a month ago, which signified the largest initial public offering in Poland during the last 365 days. Also, a leading UK brokerage, CMC Markets, started listing its stocks in February this year. Nevertheless, this IPOs weren’t too exciting. There is much more to expect in the coming month from the tech sector.

The most promising

Airbnb, a company that lets everyone lend their house, flat or a room is expected to start issuing stocks this year and this is certainly the most interesting IPO to keep your eyes on. The reason for this is very simple – apart from nearly $25Bn valuation, Airbnb actually generates some significant revenues.

What also tells us that this IPO will be a successful one is the lack of legal issues behind the business processes. Even though some laws in Germany were prohibiting the usage of such peer-to-peer services, the whole legal framework behind Airbnb is rather favourable. In addition to this, there is quite a strong support for the shared economy nowadays and, hence, this company might be seen as the safe-haven investment.

The most interesting

Do you remember last time you used a landline for calling? Well, thanks to this company, quite soon you might not remember last time you ordered a taxi. Yes, you got it right, we are talking about Uber. Even though there is no certainty whether Uber will flip an IPO this year, it is quite probable.

What makes this IPO the most interesting one? The whole legal situation behind Uber. Clients love it for its pricing and simplicity. Taxi companies hate it. Without a doubt Uber is a successful company, yet its operations strongly depend on the legal decisions of the local authorities.

While strikes against Uber happen frequently, those are the local regulators that will have a final word in determining Uber’s success in terms of market coverage and, hence, revenues.

The most amusing

Without a doubt previous two companies are here to stay. Both of them offer quite an advanced technology that simplifies people’s lives and provide cost benefits. However, there is another company that looks for an IPO this year, and many investors are laughing about it.

We are talking about Snapchat, the company that allows millennials communicating with each other, sticking funny noses on their selfies, the company that struggles to produce hardly any revenues.

While some investors laugh about this IPO, others see it as a great opportunity. Snapchat may not look like a goldmine, but it certainly has some potential. The main question is whether investors will be patient enough to see Snapchat implementing powerful advertising solutions while sustaining the growth of its user base.

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