Fraud Detection: Fighting Financial Crime with Machine Learning

Рет қаралды 57,820

Күн бұрын

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...
Learn more about AltexSoft: www.altexsoft.com
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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: 22

@mona.supremacy 2 жыл бұрын

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@BoldFollower 2 жыл бұрын

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

@harsharaut9361 3 сағат бұрын

Nice informative Video!

@airscapetours9025 2 жыл бұрын

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.