AI and Machine Learning in Fraud Detection

schedule Aug 31st 10:30 AM - 10:50 AM place Grand Ball Room 2 people 84 Interested

Machine Learning is transforming the way companies are generating intelligence and making real-time decisions. This talk will cover American Express’s exploration of machine learning and how it was applied to detect and prevent fraud within its global network. You will learn the basics and complexities of fraud and how using credit card spend data can help surgically identify fraud and elevate the payment experience for millions of Card Members across the globe.

 
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Outline/structure of the Session

Understanding Fraud

  • The Fraud Landscape
  • Characteristics of Fraud
  • Our Machine Learning Journey
  • Results

Our Learnings

  • Data Cleaning
  • Data/Feature Discovery
  • Human Intuition
  • Interpreting the Model Output
  • Governance (especially relevant for the financial services industry)

Learning Outcome

Attendees will learn about American Express's machine learning journey and how fraud detection and prevention was transformed using machine learning. In addition, I will share the learnings we gathered during our journey which can be applied to any predictive modeling solution.

Target Audience

Anyone interested to apply machine learning to solve critical business problems.

Prerequisite

None, however, some experience with machine learning models will be beneficial towards appreciating the content.

schedule Submitted 4 months ago

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