Using Machine Learning to Combat Digital Banking Fraud Part 2
Machine Learning Finds the Proverbial Needle in the Haystack Machine [...]
Machine Learning Finds the Proverbial Needle in the Haystack Machine [...]
One of the many ways that Guardian Analytics machine learning helps financial institutions combat fraud is by monitoring digital banking activity.
Fraudsters are likely now in possession of sensitive personal information and are figuring out ways to exploit this through many means including opening new accounts, taking out loans, filing returns among other damaging actions. The heads of fraud operations at financial institutions (FIs) and corporations are at the focal point of this fluid situation as they’re now expected to raise their defenses to protect the interests of their customers