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Fraud Detection: Adaptive Analytics and Self-Learning AI

FICO

This is the fifth in my series on five keys to using AI and machine learning in fraud detection. For continual performance improvement, fraud detection professionals should consider adaptive technologies designed to sharpen responses, particularly on marginal decisions. What Do You Need Besides the 5 Keys?

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Machine Learning Fraud Detection: Why Custom Models Beat Off-the-Shelf Solutions

Fraud.net

Explore how machine learning fraud detection reduces false positives, improves accuracy, and adapts to emerging fraud trends.

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4 Success Factors for Machine Learning in Fraud Detection

FICO

In a recent blog post , I discussed how FICO is fighting application fraud by leveraging artificial intelligence (AI) and machine learning in fraud detection, including an overview of supervised, unsupervised, and adaptive analytics techniques and the need to balance transparency (explainable AI) with predictiveness.

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Network International & FICO Bring MEA Enterprise Fraud Detection

FICO

Network International & FICO Bring MEA Enterprise Fraud Detection. With FICO Falcon Fraud Manager, Network International uses AI and machine learning technology to score transactions across a rapidly expanding array of payment options. The Need for Enterprise-Level Fraud Detection. FICO Admin.

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Bridging the Gap: Incorporating AI/ML into Rules-Based Fraud Detection Models

Fraud.net

Discover how financial institutions and fintechs can enhance fraud detection by incorporating AI/ML into rules-based fraud detection models.

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Collaborative Profiling for Corporate Card Fraud Detection

FICO

This blog isn’t about how to improve your race time or raise more money from sponsors. It’s about a very different kind of challenge: corporate credit card fraud. Other corporate cards are used very infrequently, which may make it harder to detect suspicious fraudulent behaviors, since these cards lack full, deep behavioral profiles.

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Explainable AI in Fraud Detection – A Back to the Future Story

FICO

In 1992, Falcon Fraud Manager was introduced: a neural network-based fraud detection system that detects fraudulent payment card transactions in real-time. Since then, despite the proliferation of fraud types, there has been a dramatic reduction in payment card fraud losses across the globe.