We use this solution to restrict problematic behavior, like the hurdling of transactional behavior of the customers and third-party customers who are not directly connected with the bank. The main purpose is to detect fraud.
What is Fraud Detection and Prevention? It wasn’t that long ago that fraud detection and prevention involved reviewing a fair bit of historical data analysis. Data scientists would be poring over tons of credit card records in order to spot fraudulent (or with luck, potentially fraudulent) activity.
Fast forward to today and we see fraud detection systems depend on catching and stopping fraud the second it’s spotted or even before it actually occurs. Automated solutions for fraud...
We primarily use the solution for fraud prevention cases.
We use this solution to restrict problematic behavior, like the hurdling of transactional behavior of the customers and third-party customers who are not directly connected with the bank. The main purpose is to detect fraud.