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AI Researcher Maps the Future of Financial Fraud Detection

Economic Insider Staff on November 15, 2025

By: Andy Balboa

A peer-reviewed study in Data Science and Management charts how deep learning is reshaping global fraud prevention and healthcare payment integrity.

In a new peer-reviewed paper published in Data Science and Management (Elsevier, August 2025), Yisong Chen of the Georgia Institute of Technology and Chuqing Zhao of Harvard University present the most comprehensive analysis to date of how deep-learning technologies are transforming fraud detection across the world’s financial and healthcare systems.

Their study—“Deep Learning in Financial Fraud Detection: Innovations, Challenges, and Applications”—examines 108 peer-reviewed works from 2019 to 2024, revealing how next-generation neural networks and governance frameworks are redefining how banks, insurers, and public agencies safeguard billions of dollars annually from fraud and abuse.

“Fraud schemes evolve quickly, and the data used to detect them is more complex than ever,” said Chen. “Our review shows how the field has shifted from static, rule-based screening toward explainable, network-aware AI systems that can uncover organized and adaptive fraud.”

From Banking to Health Insurance

The analysis reveals an explosion of deep-learning research since 2022, particularly in credit card, banking, and health insurance fraud. Convolutional Neural Networks (CNNs), Long Short-Term Memory (LSTM) networks, transformers, and Graph Neural Networks (GNNs) now enable real-time recognition of complex, cross-linked fraud patterns that traditional audits often miss.

Zhao emphasized the ethical and policy dimensions:

“Our findings demonstrate that accuracy alone is no longer enough. Models must also satisfy privacy regulations such as GDPR and CCPA and remain interpretable to regulators, insurers, and the public.”

Introducing the DLSG Framework

A key contribution of the paper is the Deep Learning–Sector–Governance (DLSG) framework, a new synthesis that unites technical innovation, domain constraints, and legal compliance. The framework provides a blueprint for building scalable, explainable, and regulation-ready fraud-detection systems that can be deployed across industries—from real-time credit-card monitoring to HIPAA-compliant health-insurance auditing.

The study finds that modern fraud analytics increasingly rely on:

  • Hybrid architectures (CNN + LSTM + GNN) capturing both behavioral and relational anomalies;
  • Explainable-AI tools (SHAP, LIME) making model outputs auditable for regulators; and
  • Blockchain and federated learning approaches that preserve privacy while enabling cross-institutional collaboration.

Economic and Policy Impact

Improper healthcare payments in U.S. federal programs exceeded $100 billion in 2023, underscoring the national importance of more intelligent, interpretable AI systems. “Smarter AI isn’t just about efficiency,” Chen said. “It directly supports financial integrity and accountability in systems that serve millions of Americans.”

The editors of Data Science and Management described the work as a “landmark synthesis connecting academic innovation with operational deployment across finance, healthcare, and blockchain-enabled auditing.” By consolidating insights from over 200 sources, Chen and Zhao provide policymakers and industry leaders with an actionable roadmap for trustworthy, high-performance fraud detection pipelines.

Toward Ethical and Transparent AI

The authors emphasize that responsible AI must incorporate transparency, fairness, and continuous oversight to ensure that these technologies benefit society equitably. Their review advocates for standardized benchmarks that measure not only predictive accuracy but also economic cost, auditability, and societal trust—principles increasingly echoed in global AI ethics frameworks. They argue that without these key principles, AI systems may inadvertently reinforce biases, increase inequalities, or undermine public confidence. By emphasizing the need for a holistic approach, their work encourages a deeper and more comprehensive understanding of AI’s role in shaping societal outcomes, as well as the importance of maintaining accountability throughout its development and deployment.

“Fraud detection is no longer a niche analytics problem,” Chen noted. “It’s central to economic security and public trust.”

Chen, Y., Zhao, C., Xu, Y., Nie, C., & Zhang, Y. (2025). Deep learning in financial fraud detection: Innovations, challenges, and applications. Data Science and Management. Advance online publication. https://doi.org/10.1016/j.dsm.2025.08.002

Disclaimer: The content provided in this article is for informational purposes only and is not intended to constitute financial, investment, or legal advice. Readers should exercise caution and consult with qualified professionals before making any financial decisions or implementing the technologies discussed in this article.

Paul Davis Restoration of Yellowstone County Sets a New Standard for Rapid, Full‑Service Recovery in Billings

Economic Insider Staff on November 15, 2025

By: Hailey Scott

A sudden water leak at midnight. Smoke damage after a kitchen accident. A basement is overwhelmed by a summer storm. When the unexpected strikes in Billings and surrounding communities, Paul Davis Restoration of Yellowstone County is the neighbor homeowners and businesses turn to for fast, thorough, and compassionate help. The locally owned and operated team pairs round‑the‑clock responsiveness with advanced techniques to minimize disruption and restore properties with care. Their commitment is demanding yet straightforward: arrive quickly, communicate clearly, and deliver professional results that stand the test of time.

A Local Team Built for Urgency

Minutes matter during a loss event, and this team is structured accordingly. Trained responders are available 24 hours a day to assess damage, stabilize the scene, and start mitigation. The goal is to stop the spread of water, smoke, mold, or storm damage before it compounds into bigger problems. Customers frequently highlight the speed. One homeowner described calling late in the evening and seeing the crew on site within hours, a level of urgency that helped keep repairs manageable. That pace is supported by clearly defined workflows, a staffed dispatch, and technicians who reside in Yellowstone County and are familiar with the area’s neighborhoods and weather patterns.

Full‑service Restoration from Mitigation to Rebuild

Unlike providers who handle only cleanup or only reconstruction, Paul Davis Restoration of Yellowstone County manages the entire recovery process. After the initial emergency work, the same company coordinates drying, decontamination, demolition if needed, and complete rebuild services to restore walls, floors, and finishes to their original position. This single-team approach reduces handoffs, prevents miscommunication, and keeps the schedule on track. It also matches what clients want most after a loss: one accountable partner who can explain next steps, answer questions, and deliver a finished space that feels like home again. The team’s process includes educating clients on preventive measures, so properties return stronger and more resilient.

Certified Expertise and Spotless Equipment

Every job is different, which is why professional standards matter. The company staffs Institute of Inspection, Cleaning and Restoration Certification technicians across water, fire, smoke, and mold disciplines. That certification signals established methods for moisture mapping, structural drying, soot removal, odor control, and microbial remediation. The equipment matches the expertise. Visitors notice how clean and well-maintained the equipment is, from air movers to dehumidifiers to HEPA filtration systems. Homeowners often comment that the equipment arrives spotless and organized, an attention to detail that reflects the team’s broader commitment to care inside someone’s home. Precision tools and careful setup are more than image; they deliver efficient drying and safer, healthier results.

Clarity, Insurance Support, and Transparent Pricing

A property emergency can feel overwhelming. Clear communication removes much of the stress. From the first walkthrough, clients receive an explanation of the scope, a plan for mitigation, and a timeline for reconstruction. The company works directly with insurers to manage claims documentation and expedite approvals, saving time and reducing back-and-forth for the policyholder. Upfront estimates, consistent updates, and a commitment to avoiding surprise charges are integral to our operating playbook. Homeowners can request a free consultation before work begins, and eligible customers may be eligible for discounts, including options for military families. Work is backed by a workmanship assurance, reinforcing the expectation that the final product should meet professional standards and the homeowner’s expectations.

What Customers are Saying

Real experiences tell the story best. Resident Lori Ketchum shared, “Paul Davis Restoration is beyond impressive. They were fast, thorough and were to my house within 40 minutes of the phone call. The customer service is exceptional. They have state of the art equipment and because of this the damage was minimal. I would highly recommend using their services knowing that you will get the best results possible.” That combination of speed, professionalism, and modern equipment shows up in many accounts. Another client, Adam D., described discovering a leak and seeing the crew immediately set up dehumidifiers and air movers to contain moisture in the drywall and flooring. He credited the quick response with keeping damage minimal and called the service “professional.” Feedback like this underscores what the company’s leaders emphasize internally: communicate often, protect the home, and move decisively to prevent secondary damage.

Community Roots with National Resources

Paul Davis Restoration of Yellowstone County embodies heightened standards of local ownership. Team members live in the same communities they serve, which fosters a neighborly approach to customer care. At the same time, they can draw on national support and training resources that help with significant losses and unusual challenges. That blend of small‑town accountability and big‑team capability is a key reason the company can mobilize quickly during severe weather, scale crews when multiple homes are affected, and maintain consistent quality across water, fire, mold, and storm projects.

Stay Connected and Prepared

Home and business owners can explore services, request a free consultation, or learn about available discounts on the official Paul Davis Restoration of Yellowstone County website. The team also shares tips, behind‑the‑scenes looks at projects, and seasonal preparedness reminders on its website, on its YouTube channel, and on its Facebook page. Following these channels is a practical way to stay prepared for Montana’s changing seasons and to see how professional restoration brings properties back to their pre-loss condition.

About Paul Davis Restoration of Yellowstone County

Paul Davis Restoration of Yellowstone County provides comprehensive emergency restoration and reconstruction services for homes and businesses in Billings and neighboring communities. The locally owned team offers 24/7 response for water, fire, mold, and storm damage, manages the insurance process with professionalism, and delivers complete rebuilds that restore comfort and confidence. Technicians hold industry certifications and work with clean, modern equipment to produce results clients can trust.

Paul Davis Restoration of Portland/Vancouver Sets a New Standard for Full‑Service Disaster Recovery in the Pacific Northwest

Economic Insider Staff on November 15, 2025

By: Hannah Cooper

PORTLAND, Ore., and VANCOUVER, Wash., October 9, 2025 – When water, fire, mold, or storm damage disrupts a home or business, speed and clarity matter as much as craftsmanship. Paul Davis Restoration of Portland/Vancouver is bringing all three to the forefront with a full‑service model designed to move clients from chaos to completion with uncommon efficiency and care. As the largest restoration company in the Northwest, the locally owned and family-operated team has grown to 160 professionals, supported by a fleet of 100 vehicles and over 100,000 square feet of facility space. That scale allows the company to mobilize quickly, coordinate complex logistics, and deliver consistent results across residential, commercial, and institutional projects.

Truly Full Service Under One Roof

Paul Davis Restoration of Portland/Vancouver integrates every phase of recovery to eliminate delays and handoffs. Services include emergency mitigation and dry‑out, demolition, in‑house abatement, contents restoration, and secure storage for textiles, electronics, hard goods, and furniture, followed by full reconstruction. In large, multi-floor commercial losses, the company can deploy 20 or more team members to triage, stabilize, and dry the structure, allowing business operations to resume sooner. Because the abatement function is in-house, scheduling bottlenecks are reduced, and critical path tasks can proceed in sequence without the usual waiting periods.

People, Principles, and Professionalism

Three simple themes define the organization: People, Principles, and Professionalism. IICRC‑certified specialists and project managers respond 24/7, supported by two daily shifts and team members on duty seven days a week. That staffing model provides clients with access to decision-makers at all times and ensures projects continue to move forward during evenings and weekends, when many jobs often stall. For commercial accounts, Paul Davis Restoration of Portland/Vancouver assigns dedicated teams, ensuring that the same project managers, customer service staff, and estimators remain with the client throughout mitigation and reconstruction. The result is continuity, context, and a single standard of accountability from the first call to the final walkthrough.

Speed, Communication, and Quality You Can Track

Homeowners and property managers often cite uncertainty as a significant source of stress during a loss. To address this, the company incorporates communication into the process through daily reports during mitigation and weekly updates during construction. Regular job‑progress summaries keep everyone aligned on scope, sequencing, budgets, and next steps. Work is backed by a workmanship assurance and a two‑year warranty, with a guiding principle that is easy to remember and important to uphold: “We get it right or make it right.”

What Customers Are Saying

Client experiences consistently highlight the blend of urgency and thoroughness. “At a time when you are feeling frustrated and vulnerable, Paul Davis comes to the rescue. These guys are fast and professional. And their cleanup is excellent. I highly recommend them,” shared Eileen Haas after an emergency mitigation. Another homeowner, Erica Kennett, emphasized the responsiveness and coordination: “Dustin was out to evaluate within an hour of getting the assignment from my insurance company, and Ryan had Manny and another crew member out within two days to start drying things out. They did an amazing job, and Ryan kept in contact the whole time about the timeline and next steps.” Reviews like these reflect the company’s commitment to pairing technical excellence with thoughtful, steady communication.

Insurance Expertise and Cost Stewardship

Navigating insurance is often as complex as the physical restoration. Paul Davis Restoration of Portland/Vancouver manages claims documentation and works in the same industry‑standard estimating environment as carriers, using Xactimate for insurance work and T&M Pro for commercial projects. The team prioritizes restoration over replacement whenever feasible to save time and cost, while helping allocate budgets to the items that most materially affect safety, function, and long‑term performance. Because they operate at scale, the company can stage equipment and materials strategically and maintain quality while driving down cycle times.

A Culture of Care and Community

The organization is in its 19th year serving the region and has earned a reputation for being a people company in the restoration business. The fifth core value, “Have Fun on Purpose,” shows up in how crews collaborate on site and how they show up for the community. Team members support regional and local nonprofits, including the Red Cross, Rebuilding Together, A Caring Closet, Coats for Kids, and the Vancouver Food Bank. That community‑minded approach is an extension of the same empathy and attention to detail clients experience on the job.

Built for the Moments That Matter

Emergencies do not keep office hours. Schools need classrooms to be dry and safe by morning. Businesses need to protect inventory and reopen quickly. Families need a clear plan and a team they can trust inside their homes. With 24/7 on‑call response, deep bench strength, and a full suite of in‑house services, Paul Davis Restoration of Portland/Vancouver is built for these moments. Tenured team members, many with five to ten years of experience at the company, bring a calm, disciplined approach to high-pressure situations. From initial moisture mapping to final paint, the goal is to deliver excellent results with a steady cadence of updates and a clean, safe jobsite.

How to Learn More and Get Help

Property owners, facility managers, and community partners can learn more about services, service areas, and emergency response options on the Paul Davis Restoration of Portland/Vancouver website. Project walk‑throughs, tips, and behind‑the‑scenes looks at the team are available on the company’s YouTube channel, and community updates and recent projects are shared on the Facebook page.

About Paul Davis Restoration of Portland/Vancouver

Paul Davis Restoration of Portland/Vancouver is a large full‑service disaster recovery and reconstruction provider in the Northwest, offering mitigation, abatement, contents restoration and storage, and full rebuild services under one roof. The locally owned, family‑operated company is staffed by IICRC‑certified specialists and provides 24/7 emergency response. Services include free consultations and estimates, eco‑friendly options, and workmanship assurances. The mission is to give great people the opportunity to deliver an excellent results, and the vision is to provide extraordinary care while serving people in their time of need.

Paul Davis Restoration of Greater Portland Raises the Bar for 24/7 Emergency Property Recovery With Fully In‑House, IICRC‑Certified Expertise

Economic Insider Staff on November 15, 2025

By: Chloe Turner

Portland, Maine: When a burst pipe, electrical fire, or coastal storm turns a home or business upside down, minutes matter, and trust matters even more. Paul Davis Restoration of Greater Portland has built its reputation on both. Family‑run and locally owned, the company approaches every call as if a neighbor is asking for help. That philosophy drives a response model centered on speed, clarity, and craftsmanship, delivered by a fully in‑house team of trained specialists who see the entire job through from first inspection to the final coat of paint.

A First‑Responder Mindset for Property Owners

In Greater Portland, property damage rarely waits for business hours. The team provides 24/7 emergency service, treating mitigation as a race against time that protects structures, contents, and peace of mind. From water extraction and structural drying to fire cleanup and mold remediation, the initial response is coordinated by technicians with deep knowledge of drying science and construction assembly. That technical foundation helps prevent secondary damage and keeps projects moving without delays.

Homeowners consistently point to the company’s urgency and communication. As Alexander Bertoni shared after an ice dam damaged his bedroom wall, “Jeff and Andy came out the same evening that I filed the claim and began the inspection process and abatement happened that same weekend. The work quality was impeccable and communication was the best I’ve ever had with a contractor.” Stories like this are common across Greater Portland because the company treats every site visit as the start of a relationship, not a transaction.

In‑House Specialists, Not Subcontracted Unknowns

A distinctive part of the Paul Davis approach is what happens behind the scenes. Rather than outsourcing critical tasks to a patchwork of subcontractors, the company hires and trains its own specialists and holds them to a consistent internal standard. Carpenters, mitigation techs, contents restoration pros, and finish experts work as one team. That structure supports higher finish quality, predictable schedules, and accountability at every step. It also allows project managers to communicate with confidence because they know exactly who will be on site, what standards they follow, and how the work will be sequenced.

The company’s commitment to certification and continuous training shows up in the details. IICRC‑certified professionals set moisture goals, document progress, and verify results. Skilled tradespeople handle reconstruction with the same discipline. The outcome is visible in punch‑list meetings that are shorter, in fewer callbacks, and in the kind of workmanship assurance a company can only offer when it controls the work from start to finish.

Insurance Navigation Without the Headaches

Property loss is stressful enough without paperwork getting in the way. The Paul Davis team manages insurance claims daily and aligns work with carrier pricing guidelines, which gives customers pricing stability and fewer surprises. Homeowners appreciate the clarity. As one local review noted after an exterior electrical fire, an insurance adjuster recommended the Greater Portland team, who then arrived promptly, explained the plan, removed debris, and cleaned smoke and soot from a finished porch. That blend of advocacy and execution has made the company a go‑to for agents and adjusters across the region.

End‑to‑End Project Control

Every restoration project is a puzzle with many pieces. Environmental hazards, permitting, selective demolition, drying and deodorization, specialty finish carpentry, contents pack‑out, and careful rebuilds must all connect cleanly. Paul Davis Restoration of Greater Portland coordinates the entire sequence. Projects transition from mitigation to reconstruction with no handoffs to unfamiliar vendors, resulting in fewer scheduling gaps and no lost context. The team sets clear milestones, honors on-time commitments, and stands behind parts and labor with a workmanship assurance that is easy to understand.

Rooted in the Community

Technical excellence is only part of the picture. Being family‑run and locally operated, the company invests in the community it serves, and it does so with a bit of personality. Team members have shown up at house fires with a converted food truck stocked with hot chocolate and blankets. They hand out tongue‑in‑cheek dog waste bags that make light of a tough job while reminding neighbors that help is close by. They even host friendly baseball at Hadlock Field for agents and adjusters to build relationships off the job site. The humor is genuine, but the mission is serious. The team believes that if the work does not leave a homeowner proud to invite them back for dinner, the job is not finished.

What Customers Can Expect on Day One

From the first call, clients can expect immediate scheduling, a thorough inspection, and a clear written scope. Mitigation begins quickly, followed by a build‑back plan that sets realistic timelines and explains who will be on site and why. Communication is proactive. Questions get answered. Concerns are addressed before they become problems. The process is designed to restore both property and normalcy.

Get Help or Learn More

Property owners who want details on services, commitments, and available discounts can visit the Paul Davis Restoration of Greater Portland site to request a free consultation. Those who prefer to see real‑world outcomes can watch behind‑the‑scenes clips and before‑and‑after stories on the company’s YouTube channel. Community updates, tips, and project highlights are also shared on the Facebook page.

In Greater Portland, disasters do not wait. Fortunately, neither does this team. With certified expertise, an all‑in‑house model, and a neighborly heart, Paul Davis Restoration of Greater Portland keeps homes and businesses moving from setback to comeback with skill, speed, and care.

Harnessing AI for Smarter Marketing: How Apex Media Solutions is Redefining Digital Growth

Economic Insider Staff on November 15, 2025

In today’s competitive digital landscape, small businesses often face challenges in standing out and reaching their target audience effectively. With a wealth of marketing tools available, it can be overwhelming to figure out which ones deliver the best results. However, Apex Media Solutions is transforming how small businesses approach digital marketing, offering more innovative and efficient strategies that integrate artificial intelligence (AI) and automation into essential aspects, such as local SEO, Google Business optimization, and campaign management.

By embracing these technologies, Apex empowers small and mid-sized businesses to work smarter, save time, and gain actionable insights from their marketing data, ultimately enhancing their online presence and growth potential.

Revolutionizing Local SEO with AI

Local SEO plays a crucial role for businesses that rely on a regional customer base. It’s no longer just about ranking high on search engines—it’s about appearing in the right place at the right time, with the right message. Apex Media Solutions has revolutionized local SEO by integrating AI-driven tools into its strategies. These advanced technologies enable the company to analyze search patterns and user behavior, resulting in more effective and targeted SEO campaigns.

Through the use of AI, Apex can refine local keyword targeting, ensure that business listings are accurately optimized, and identify potential gaps in a client’s online visibility. AI tools analyze a vast amount of data in real-time, providing insights that can quickly adapt to changes in search engine algorithms. This ensures businesses stay ahead of the competition and maintain their local visibility in a dynamic digital environment.

Google Business Optimization with Automation

Google Business is a crucial tool for businesses seeking to expand their local presence. However, optimizing a Google Business profile involves more than just filling out basic information—it requires ongoing adjustments and data-driven improvements to enhance engagement and attract customers. Apex Media Solutions elevates Google Business optimization to the next level by automating key tasks, such as updating business hours, responding to reviews, and posting relevant content.

Automating these processes saves businesses valuable time while ensuring that their profiles are always current and engaging. With AI-powered tools, Apex can also monitor trends and customer interactions, enabling tailored adjustments that enhance overall performance. The automation of these time-consuming tasks ensures that businesses can focus on growing their operations while Apex handles the technical aspects of their online presence.

Data-Driven Campaign Management

Effective campaign management requires a deep understanding of customer behavior, trends, and market dynamics. Apex Media Solutions integrates AI into campaign management to help businesses gain actionable insights from their data. Using AI tools, Apex can optimize advertising strategies by analyzing audience preferences, segmenting customer data, and adjusting ad spend for maximum efficiency.

AI’s ability to analyze large datasets in real-time enables Apex to fine-tune campaigns based on performance metrics, ensuring that marketing dollars are spent wisely. This data-driven approach yields more targeted campaigns that resonate with the right audience, resulting in higher engagement and conversion rates. By providing businesses with more brilliant insights, Apex empowers them to make informed decisions that drive digital growth.

AI Doesn’t Replace Creativity—It Amplifies It

At the heart of Apex Media Solutions is the belief that AI and automation are not here to replace creativity—they are here to amplify it. As they succinctly put it, “AI doesn’t replace creativity—it amplifies it. We use automation to give our clients more time to focus on what truly matters: growing their business.”

This philosophy is reflected in the company’s approach to digital marketing. Rather than relying solely on automated processes, Apex combines human creativity with the efficiency of AI to craft marketing strategies that are both innovative and effective. This blend of technology and creativity enables small businesses to unlock new growth opportunities while staying true to their unique brand identity.

Smarter Marketing with AI: The Future of Digital Growth

Apex Media Solutions’ use of AI and automation is redefining how small businesses approach digital marketing. By optimizing local SEO, automating Google Business updates, and managing data-driven campaigns, the company helps businesses navigate the complexities of online marketing with greater ease and precision.

As AI technology continues to evolve, Apex is committed to staying at the forefront of digital marketing trends. This dedication ensures that small businesses will always have access to the tools and strategies needed to thrive in a competitive digital landscape.

Whether it’s improving local SEO rankings, enhancing Google Business profiles, or creating smarter campaigns, Apex Media Solutions is leading the way in making digital marketing more efficient, transparent, and accessible for businesses of all sizes.

Contact Apex Media Solutions

For more information on how Apex Media Solutions can help your business harness the power of AI and automation to improve your digital marketing efforts, visit their website or get in touch today.

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