Every year billions of pounds are lost to . While fraud is a substantial cost to the financial system, so too is the cost of detecting credit card fraud. In a competitive market, banks need to balance the cost of fraud against the impact on customer experience of onerous controls.
In other words, false positives in the can lead to customer transactions being erroneously declined. This highlights the need for with low rates of error.
Your task, as a for a large financial services advisory firm, is to analyse a set of transactions, develop the and create an appropriate, scalable model for predicting potential fraudulent transactions.
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By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more