Read Micah Willbrand’s article on the use of machine learning for fraud detection on Finextra :
Fraudulent applications present a significant risk to a businesses’ success and reputation. As criminals become more sophisticated in targeting credit cards, loans, current accounts and other financial products, its critical lenders and other organizations ensure their fraud prevention systems are fit for purpose. One of the ways businesses can meet this challenge is via Machine learning technology, which is transforming the way businesses approach identifying and preventing fraudulent
Read his full article here.