Fraud detection in financial sector is a domain where there are many new ways of fraud day by day reported, To detect them is almost impossible until it is reported, To detect these fraud before time by transaction pattern and history,
How AI/Machine Learning will be involved
By using AI/ML we can detect any fraud well before time by learn from personal past transaction history, there usage pattern, In this way we can detect any possible fraud which may be occurred or mark transaction as fraud in real time.
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