Fraud detection

Client Benefits & Main Results

Fighting financial fraud is a major banking issue :

  • Working with imbalanced data make fraud detection difficult
  • Strong increase of players in the financial service ecosystem impacting the BAUs processes (open banking, social media…)
  • Increase of selfcare operations directly taken by the customer
  • Strong regulatory requirements (KYC, MIFID…)

Our approach

Use of AI/Machine learning to improve fraud detection through deep learning techniques, time series/sequence analysis and feature engineering techniques

Client Benefits & Main Results

  • AI / neural network techniques for time series helps detecting anomalies in a sequence / window

  • AI / Machine learning in fraud detection has several advantages:

  • The ability to scale to millions or billions of Payment transactions

  • The ability to use Graph / link networks to identify relationships

  • Social media integration

  • Performance – rapid response for acceptance / rejection of transaction

  • Behavioral analysis/sentiment analysis

  • Transparency – the ability to indicate the reason for rejection

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