Bank Info Security
1 year, 4 months ago
How ML Models, Real-Time Analytics Can Mitigate APP Fraud
Javelin's Jennifer Pitt on AI-Powered Detection of Authorized Payment FraudMachine learning helps banks detect APP fraud by analyzing large transaction datasets faster. These AI models operate in near real-time and can distinguish legitimate transactions from fraudulent ones by spotting anomalies, said Jennifer Pitt, senior analyst at Javelin Strategy & Research.