PREVENTING FRAUD AND SAVING COSTS WITH MACHINE LEARNING
Whilst most businesses don’t earn revenue by processing data, they do spend a large amount of their hard earned revenue in manually processing data, validating it and ultimately performing manual tasks that don’t scale.
But at what point does this manual involvement become a burden of cost upon your business? And really how much manual involvement should be required?
Take payment fraud for example. According to the 2015 Merchant Risk Council (MRC) Global Fraud Survey, merchants typically manually review 10-15% of online orders. Other reports suggest that as many as 26% of eCommerce orders are manually reviewed.
Latest posts by Sami Mebazaa (see all)
- 2017: the year fintech shifts its focus to Africa - 9 July 2017
- Le très haut débit partout en France d’ici 2022, annonce Philippe - 5 July 2017
- Is IBM Watson A ‘Joke’? - 5 July 2017