4 Success Factors for Machine Learning in Fraud Detection

In a recent blog post, I discussed how FICO is fighting application fraud by leveraging artificial intelligence (AI) and machine learning in fraud detection, including an overview of supervised, unsupervised, and adaptive analytics techniques and the need to balance transparency (explainable AI) with predictiveness. Most computer software encodes a set of rules — an algorithm — that a human has explicitly defined. Machine learning enable us to build predictive software that “learns” from...