Good Behaviour – Not Bad – is the Key to Fighting Financial Crime

30th September 2019
David Excell David Excell Founder

Dave Excell, Featurespace Founder, discusses how regulators need to get up to date and realise that taking a holistic view of behavior is the best way to find and fight financial crime on Payments Journal.

What’s the best way to catch a criminal? It’s simple. Be on the lookout for good behavior. Now that might seem counterintuitive. After all, conventional wisdom is that to catch crime, you need to set rules specifying what criminal behavior looks like. But the latest advances in machine learning show that if you build profiles of what normal, everyday legitimate activity looks like, it’s much easier to spot when something out of the ordinary happens. In other words, criminal activity really stands out.

Adaptive Behavioral Analytics with Machine Learning is helping close the gap; Dave explains how: continue reading on Payments Journal.

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