Back in December, we published a whitepaper covering machine learning approaches to 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. fraud detection in fintech, healthcare, and eCommerce 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 👏Originally published at AltexSoft’s blog: Liked the story? Let us know by clapping so more people can find it! “ Fraud Detection in Fintech, Healthcare, and eCommerce ”
