Revolutionize Fraud Detection with Explainable AI
Industries from banking to e-commerce are struggling with ever-growing threats of fraud. AI is the perfect solution, but a lack of transparency hinders adoption. So, what's needed? AI that’s accurate and transparent at the same time, AKA: Explainable AI. With visibility and insights into the ‘why’ behind fraudulent transactions, optimize costs, improve productivity, and increase revenue. Learn more about the benefits of fraud detection using AI below.
Reduce false positives, provide customer protection guidelines, and foster customer trust.
Resolve alerts faster, reduce costs in manual reviews, and increase robustness of fraud detection models.
Reduce the number of suspicious activity reports (SARs) and ensure
Excessive time and effort to identify fraud - increased costs, decreased productivity, and sub-par results.
Technology is not transparent. Human oversight is limited. Compliance becomes a challenge.
False positives affect customer trust because of a lack of information on the ‘why’ behind fraudulent cases.