Why use MetricPulse

MetricPulse and Fraud Detection And Prevention FAQ

What is the importance of fraud detection?

It verifies customer identities – as in the case of financial institutions – to make sure the customer is who they say they are and that there are no synthetic or fake identities involved. Through fraudulent document detection, it helps with KYC compliance.

What is used for fraud detection?

AI techniques used to detect fraud include: Data mining classifies, groups and segments data to search through millions of transactions to find patterns and detect fraud. Neural networks learn suspicious-looking patterns and use those patterns to detect them further.

What is fraud Prevention and why does it matter?

Fraud prevention is the implementation of a strategy to detect fraudulent transactions or banking actions and prevent these actions from causing financial and reputational damage to the customer and financial institution (FI).

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