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Fraud Detection using Deep Learning

Cloudera

One of the many areas where machine learning has made a large difference for enterprise business is in the ability to make accurate predictions in the realm of fraud detection. There is a cost associated with an intervention into a transaction that is incorrectly flagged as fraud and it can erode customer trust.

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TransUnion transforms its business model with IT

CIO

billion acquisition of data and analytics company Neustar in 2021, TransUnion has expanded into other services such as marketing, fraud detection and prevention, and robust analytical services. The multilayered data platform will enable TransUnion’s customers to perform deep analytics and build complex AI models.

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NVIDIA and VMware make AI accessible to enterprises with full-stack accelerated computing

CIO

“We’ve already had customers do groundbreaking things by using AI on VMware. To demonstrate the power of AI on VMware technology, consider the challenge of finding and stopping fraud in the e-commerce industry. With NVIDIA and VMware, the institution was able to develop more advanced, AI-powered fraud detection methods.

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Early Affirm employees raise $70M for SentiLink, an identity verification startup

TechCrunch

At one point during their tenure at the installment loan provider, they came across a “peculiar” fraud case, where 12 identities applied for loans using the same name and date of birth but 12 different Social Security numbers. . Specifically, those APIs detect fake and stolen identities for new account applications.

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Oscilar emerges from stealth to fight transactions fraud with AI

TechCrunch

Confluent co-founder Neha Narkhede today announced a new fintech company, Oscilar, that’s developing an “AI-driven” platform to help financial institutions protect online transactions from fraud and theft. Juniper Research expects that online payment fraud losses will eclipse $200 billion by 2025.

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Machine Learning for Fraud Detection in Streaming Services

Netflix Tech

Many users across many platforms make for a uniquely large attack surface that includes content fraud, account fraud, and abuse of terms of service. Detection of fraud and abuse at scale and in real-time is highly challenging. There are two main anomaly detection approaches, namely, (i) rule-based, and (ii) model-based.

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What is predictive analytics? Transforming data into future insights

CIO

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. Airlines frequently use predictive analytics to set ticket prices reflecting past travel trends.

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