One of the most difficult challenges in payment card fraud detection is extreme class imbalance. Fraudulent transactions ...
Sai Vamsi Gummadi's AI fraud detection platform processes millions of transactions with Spark/Kafka/XGBoost—75% fewer false ...
Tech Xplore on MSN
Mistaken correlations: Why it's critical to move beyond overly aggregated machine-learning metrics
MIT researchers have identified significant examples of machine-learning model failure when those models are applied to data ...
CHICOPEE, Mass. (WWLP) – Four suspects were arrested in Chicopee earlier this month in connection with a multi-state stolen credit card scheme. The Chicopee Police Department stated that on December ...
Brazilian merchants, who are used to waiting months for credit card payments, could soon receive cash instantly through an initiative that allows them to sell the debt, tokenizes it and rewards the ...
Research from American Banker finds that bankers are still extremely worried about fraud, but hope that raising budgets for ...
As financial crime grows in scale, speed, and sophistication, banks are increasingly turning to artificial intelligence, ...
The private credit market is estimated to have reached $3 trillion in assets over the past decade on the promise of delivering higher returns than public credit. But as billion-dollar corporate ...
New Delhi, The Delhi Police has busted a cyber-fraud syndicate operating through a web of shell companies and mule bank accounts, and arrested two key accused involved in siphoning off proceeds of ...
The Register on MSN
There was so much fraud on COVID loans, the feds trained an anti-fraud AI on the applications
Had it been around in 2020, it could have flagged tens of billions before payouts, PRAC tells Congress A fraud-detection AI ...
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