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About Fraud Detection How Machine Learning Systems Help Reveal Scams in Fintech Healthcare and ECommerce
Machine learning systems are better able to detect fraud than traditional rule-based systems. They can find hidden patterns and implicit correlations in large datasets that rule-based systems miss. Several industries have started adopting machine learning for fraud detection, including banking/finance, insurance, and ecommerce. Machine learning approaches have been shown to reduce fraud losses, lower investigation costs, and improve detection accuracy compared to traditional rule-based systems.
Detailed Information
| Author: | ['Solomon'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 24 |
| Language: | English |
| Format: | |
| Price: | FREE |
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