Fraud Detection: Fighting Financial Crime with Machine Learning
Ғылым және технология
Everyone is exposed to financial fraud. If you’re selling or buying something online, providing financial services, or simply processing tons of payments, you face fraud risks every day. For businesses, scams are especially scary, because you’re not only losing money but also customers who may no longer trust you.
There are two approaches to detecting fraud. And today we will talk about them, the most common one - using of rules and the more effective one - machine learning
0:00 Intro about travel reports in banks.
1:16 Two approaches to catching fraud
2:06 Rule-based fraud detection
4:17 How machine learning accelerates fraud detection
4:56 Step 1 - Understanding what is normal
7:00 Step 2 - Finding anomalies
8:40 Step 3 - Eliminating mistakes
9:25 Deep neural networks
10:00 Why does fraud still happen?
More about fraud detection in our articles:
1) www.altexsoft.com/whitepapers...
2) www.altexsoft.com/blog/busine...
3) www.altexsoft.com/blog/credit...
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Sources:
[ 1 ] www.chase.com/personal/credit...
www.capitalone.com/support-ce...
tdbank.intelliresponse.com/?r...
[ 2 ] • Uber Tech Day: Using A...
Music in video by EpidemicSound (www.epidemicsound.com)
Пікірлер: 21
This channel gives me Fireship vibes with the exception that it's all made by professionals which significantly increases odds of me watching something here isntead. Even though KZread is as competitive for user time as ever, the majority of individuals often tend to waste my time on smh irrelevant so I ended up being a huge fan of channels like this one, where business/organization risk their reputation resulting in producing extremely helpful yet entertaining content. Keep them coming, they're awesome!
I work in fraud prevention of a major financial institution- been there for about 5 years- and I learned something new... GREAT video!
@davencraft6439
2 жыл бұрын
Hi, few days ago a hacker stole me 3200 euros on my debit card (CNP), He used transfer go to send money abroad. I had this debit card since 2 years. The activity of my card was regular, always the same habits with cheap purchases. It's gonna takes almost 3 month before i get the final result. Could you tell me why does the investigation take so long although it seems obvious that this asshole stole my money? Thanks
@galaxywoulf03
2 жыл бұрын
465
@galaxywoulf03
2 жыл бұрын
6 6th 3rd
@galaxywoulf03
2 жыл бұрын
@@davencraft643965 3rd r6 e 5
@galaxywoulf03
2 жыл бұрын
@@davencraft6439 was
Thanks - A small tip... if you have ever lost money to payments you did not make. Ensure that you are very clear "I am reporting fraud, not asking for a refund". This was my case, it was simply industry negligence nothing can be done once hackers have left you empty handed without people power.
The office is one love❤️
Great video! I really understand better, thank you :)
@AltexSoft
Жыл бұрын
Glad it helped you ❤️
This video was awesome. Are there any courses I can take to learn how to use AI to detect fraud? I really want to pursue a career in risk management.
Keep them counting .... they are fabulous!
Great video
why you used so many examples in China? feel offensed
@AltexSoft
2 ай бұрын
🥲🥲🥲
😂 lol nore tech and other subdivisions of tech and banks and money is not going to solve...howpeople live their life is what needs to be resolved