Fraud & Risk
A Beginner's Guide to Machine Learning in Payment Fraud Detection and Prevention
Machine learning has emerged as one of the most dynamic disciplines in computer science in recent years as a wide array of companies look to leverage its promising power. This paper from Nethone provides an introduction to machine learning in the context of risk and fraud mitigation to help users understand the role machine learning can play in safeguarding businesses, as well as advantages machine learning can offer over rules-based systems. The document also includes a sample five-step process to help illustrate the sequence in creating and refining a machine learning model.