Rule based, Machine learning or a hyper?

Fraud detection and prevention is always a batter field. Fraudsters will keep finding new ways to game the system. On the other hand, that is a big business opportunity. Let see how crowded the market is:

fraud

This is a hand selected list of some notable players in this markets. There are couple interesting observations:

  • Machine learning (or AI) is a must-have feature to the product.
  • Big data is still a treasure box with big potential.
  • Rule based system is still popular (it is old fashion?).
  • A hyper system combining rules and AI will be promising.
  • Visualization can be helpful and user friendly for customers.

Anyway, here are two nice summaries from seon.io and unfraud.com:

Screen Shot 2017-06-04 at 10.28.59 AM

Screen Shot 2017-06-05 at 10.30.06 AM