Increasing Fraud Detection With Fraud Scoring Services
As the world has gone digital, it has also gone real-time — and for payments that means fraud has gone real-time, too. To maintain a good experience for legitimate users, banks and financial institutions must weigh a multitude of factors to provide a decision in the moment. But too much change too fast has undermined the effectiveness of industry standard, rules-based engines augmented by machine learning models.
Enter fraud scoring services, using ACI’s new, patented incremental learning capability. In this eBook, gain a comprehensive understanding of fraud scoring services, including:
- How customers have effortlessly achieved vast improvements in fraud detection and loss mitigation
- The limitations of current machine learning models and how fraud scoring services overcome them
- What makes fraud scoring services truly effortless for banks and financial institutions
