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Back in December, we published a whitepaper covering machine learning approaches to fraud detection in fintech, healthcare, and eCommerce industries. This time, we’ll summarize the main fraud detection use cases, machine learning methods, and approaches in a single concise infographic. If you look for more detailed breakdown please refer to the original material.
Sources and further reading
An effective approach to preventing application fraud — http://www.experian.no/assets/fraud-analytics/Experian%20Fraud%20Analytics%20Overview.pdf
Best Practices for Detecting Banking Fraud — http://www.cbai.com/news/Best_Practices_for_Detecting_Fraud_white_paper.pdf
Comparative analysis of machine learning techniques for detecting insurance claim fraud — https://www.wipro.com/documents/comparative-analysis-of-machine-learning-techniques-for-detecting-insurance-claims-fraud.pdf
Demystifying Machine Learning for Banking — https://hollandfintech.com/wp-content/uploads/2017/03/Demistifying-Machine-Learning-for-Banking-Feedzai-Report-March-2017.pdf
Detecting Credit Card Fraud by Decision Trees and Support Vector Machines — http://www.iaeng.org/publication/IMECS2011/IMECS2011_pp442-447.pdf
ID Fraud Hits Record High — https://www.javelinstrategy.com/sites/default/files/17-1001J-2017-LL-Identity-Fraud-Hits-Record-Highs-Javelin.pdf
Mastercard Rolls Out Artificial Intelligence Across its Global Network — https://newsroom.mastercard.com/press-releases/mastercard-rolls-out-artificial-intelligence-across-its-global-network/
Next Generation Fraud Management Solutions for Banks and Capital Market Firms — https://www.capgemini.com/in-en/wp-content/uploads/sites/6/2017/07/next-generation_fraud_management_solutions_for_banks_and_capital_market_firms.pdf
Supervised Learning Use Cases: Low-Hanging Fruit in Data Science for Businesses — https://www.altexsoft.com/blog/business/supervised-learning-use-cases-low-hanging-fruit-in-data-science-for-businesses/
Synthetic Identity Fraud Cost Banks $6 Billion in 2016: Auriemma Consulting Group — http://markets.businessinsider.com/news/stocks/Synthetic-Identity-Fraud-Cost-Banks-6-Billion-in-2016-Auriemma-Consulting-Group-1002222563
Liked the story? Let us know by clapping so more people can find it! 👏Originally published at AltexSoft’s blog: “Fraud Detection in Fintech, Healthcare, and eCommerce”
Fraud Detection in Fintech, Healthcare, and eCommerce was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
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