WHITE PAPER: Machine Learning for Fraud Mitigation

The use of machine learning (ML) analytics is one of the biggest buzzwords in fraud prevention. And why not? The concept is sound—fraud is moving too fast for the legacy approaches that rely on rules and annual model refreshes to be effective. Financial institutions (FIs) and merchants need advanced analytics technology that can evolve rapidly…

White Paper: Machine Learning, Security and the Future of Fraud

Fraud attacks are getting to be more sophisticated – as technology evolves fraudsters have elevated their game on payment fraud and money laundering. With access to faster and cheaper computing, fraudsters have shifted their targets to more profitable weaker points in the financial services chain. Sixty-five percent of organizations with annual revenues of at least $1 billion…