Catching Big Fraud with Small Data

Image source: Google Images

Image source: Google Images

With fraud prevention, many banks emphasize how their systems leverage “big data” to find patterns of unusual activity by using data analytics to process through millions of transactions and pinpoint fraudulent activity. While big data has many advantages in fraud detection, it has also alienated some banks and other financial services institutions that think they are too small to be part of this data revolution. They should think again.

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