Artificial Intelligence in Fraud Detection - Innovate Finance Global Summit 2018

Cybercrime is estimated to cost the global economy 400 billion dollars (source McAfee). While fraud detection techniques have been used for decades, the industry now faces new challenges. Artificial Intelligence (AI) techniques are proposed to overcome the increasing challenges of online fraud. AI techniques are gaining popularity due to the power of Deep Learning Algorithms. But what does it mean to use Artificial Intelligence for fraud detection in practice?