5 Keys to Using AI and Machine Learning in Fraud Detection
Fico Collections
JULY 2, 2018
Payment fraud is an ideal use case for machine learning and artificial intelligence (AI), and has a long track record of successful use. When consumers get a call, text, email or in-app messages from their card issuer asking them to validate a transaction, or informing them of fraud on their card, they may not even suspect that behind this bit of excellent customer service are a brilliant set of algorithms, such as neural networks.
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