Fraud Detection: Specialized vs. Generic Fraud Analytics

This is the third in my series on five keys to using AI and machine learning in fraud detection. As in many professional fields (medicine, law, construction, etc.), there are generalists and specialists. The same applies to the development of behavioral analytics; there are general modeling techniques and highly specialized techniques. For example, your communications provider may use a behavioral model to spot indications that you’re likely to leave their service in the next 90 days. Or...