Fraud detection through AI
A major US credit card issuer processes $1 trillion in transaction and has 110 million credit cards in operation. Relying heavily on data analytics and machine learning algorithms to help detect fraud in near real time, therefore saving millions in losses.
Additionally, leveraging its data flows to develop apps that can connect a cardholder with products or services and special offers. They are also giving merchants online business trend analysis and industry peer benchmarking.
Our firm created a design and architecture to analyze behavior and look for patterns. From those patterns we created empirical data files. So a call would come in and would be essentially mapped against several markers including past behavior, geography etc. We use an innovative middle ware to move data very quickly.