Archives for behavior analytics




With increasing transactions and avenues of spending money, financial institutions and consumers are becoming victim to fraud and scams. According to a report by Nilson, payments card-related fraud losses alone reached more than $32 billion in 2019. In the same period, total card-related transactions worldwide were estimated at around $35 trillion, which is a massive…
The post How Anomaly Detection & Behavior Analytics Is Used In Payments Fraud Risk Management appeared first on Analytics India Magazine.


With increasing transactions and avenues of spending money, financial institutions and consumers are becoming victim to fraud and scams. According to a report by Nilson, payments card-related fraud losses alone reached more than $32 billion in 2019. In the same period, total card-related transactions worldwide were estimated at around $35 trillion, which is a massive…
The post How Anomaly Detection & Behavior Analytics Is Used In Payments Fraud Risk Management appeared first on Analytics India Magazine.