Rapid shifts in consumer spending behavior are extremely difficult (if not impossible) for manually retrained models to adapt to. Instead, self-learning models and adaptive behavioral analytics are proving to be the optimal financial crime fighting recipe.
Is your approach up to today’s standards to effectively detect and prevent fraud before it even happens – especially during seismic change?
In this video we share the methods financial institutions can adopt to efficiently tackle fraud, whilst maintaining a positive customer experience.
Featurespace are official supporters of International Fraud Awareness Week. Keep an eye on our dedicated fraud awareness page for more expert views from the team.