Using Machine Learning to Reduce CostsFinancial criminals are successfully finding new ways to commit payments fraud. 78% of the JPMC sponsored “AFP Payments Fraud Survey” respondents reported
they experienced their highest levels of fraud in 2018. While card chip technology has
reduced card fraud, check fraud continues to increase in 2019.
This white paper provides key considerations for your fraud detection program, including:
- Incorporating analytics to make better fraud decisions;
- Key tools to detect fraud;
- Finding the right combination for your institution; and
- Decreasing fraud losses at a large institution.
ARGO’s research has found that traditional, rules-based fraud detection is limiting because rules overlap, and systems only act on situations defined in advance. With the help of predictive algorithms, financial institutions can streamline processes, make informed decisions about fraud and better protect their customers.
Fill out the form on the right to download the white paper.