Supercharge Machine Learning for the Age of Change in Fraud Management

Consumers demanding faster, more convenient ways to pay has led to the rapid adoption of digital wallets and contactless payments such as QR codes, to meet changing expectations. Simply responding to demand creates new ways for criminals to exploit weaker controls. Authentication is so strong that the problem now lies with deception - fraud prevention is only as strong as the weakest link. With rising ATO, social engineering and authorized push payment scams, there is a need for financial institutions to develop their fraud strategies with time to value and scalability. But how can banks and FIs avoid model degradation to keep up with new trends, without having bias in their machine learning models, at zero effort? This requires an accelerated approach to counteract payments fraud - explore the benefits of scoring in the Microsoft Azure public cloud with ACI.