There are two approaches to detecting fraud. And today we will talk about them, the most common one - using of rules and the more effective one - machine learning

0:00 Intro about travel reports in banks.
1:16 Two approaches to catching fraud
2:06 Rule-based fraud detection
4:17 How machine learning accelerates fraud detection
4:56 Step 1 - Understanding what is normal
7:00 Step 2 - Finding anomalies
8:40 Step 3 - Eliminating mistakes
9:25 Deep neural networks
10:00 Why does fraud still happen?

#machine-learning