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Anatomy of a Fraudster – How Bad Actors Are Outsmarting Conventional Prevention

In this contributed article, Ting-Fang Yen, Director of Research at DataVisor, believes the future of fraud detection comes from the evolution of machine learning with a focus on unsupervised machine learning. Don’t sit by thinking that the old methods of fraud detection are sufficient for your organization. Fraud is becoming ever more sophisticated. If you are just keeping up, you are already behind.

Interview: Bill Waid, VP and General Manager, FICO Decision Management Suite

I recently caught up with Bill Waid, VP and General Manager of FICO Decision Management Suite to discuss FICO’s long and deep history with AI and machine learning in the solution of business problems, most notably fraud detection. Bill also outlines the evolution of the company’s use of this technology with its cloud enabled platform that combines analytics, decisions, and optimization into a Decision Management Suite (DMS).

Senzing’s Software for Real-Time AI for Entity Resolution to Fight Financial Crime

Senzing, a new artificial intelligence-based (AI) software company, announced its Senzing software product to address the $14.37 billion financial fraud market. Senzing is an IBM spinout that has reinvented entity resolution, which senses who is who in real time across multiple big data sources.

First Data Launches New Merchant Solution to Prevent Fraud Across All Commerce Channels

First Data (NYSE: FDC), a global leader in commerce-enabling technology, announced the launch of Fraud Detect, a comprehensive fraud solution for merchants around the world. Fraud Detect leverages artificial intelligence and machine learning, fraud scoring, cybersecurity intelligence, and information from the Dark Web to provide merchants with the capability to detect fraudulent in-store, at the pump, online, mobile, and in-app transactions before they occur.