9 Questions to Ask When Choosing a Machine Learning Fraud Detection Solution

Of course, the effectiveness of a machine learning fraud solution boils down to how well it works at doing what it promises to do: predict fraud. But when talking about accuracy, don't forget to think about the flip side of stopping bad users – namely, not stopping good users. How well does the tool do at recognizing your good users? So, how do you actually measure the accuracy of a new tool you're not already using? Some platforms may give you the option of trying them out for free, without the commitment of a long-term contract.