ranjan

Fraud has been a major issue for financial institutions since long. As the global transactions have increased, danger has too. Artificial intelligence has significant potential to reduce as financial automatic detection & machine learning tools becomes more powerful.The speed at which losses occur in financial frauds takes place makes fraud detection techniques increasingly important. An additional benefit of a more powerful model of Artificial intelligence is its ability to use wide data continuously for different customers of their transactions for accurate comparison. Thus, as life, circumstances & spending habits of customer changes, model would automatically adjust what it views as fraudulent transactions and so exercise control on such transactions and minimize frauds. Financial systems are interlinked with Buyers,Sellers,Service providers, Banks & criminals attack the weakest link to infiltrate systems and make fraudulent purchases and claims. Fraudster