Logo Logo
  • Services
    Smart Teams Engineering Services Smart Automation Technology Advisory
    Dedicated Software Teams IT Staff Augmentation Offshore Development Center (ODC) How it Works Why India Hiring Locally FAQs

    What are Smart Teams? ValueCoders’ dedicated software development teams provide extended team support for your projects on-site, off-site or offshore with complete control over your project. You can create teams of Front-end Engineers, Back-end Engineers, QA Engineers, UX / UI Designers, DevOps Engineers, Business Analysts, and Project Managers.

    Onshore & Offshore Dedicated Software Teams Build scalable, secure, and robust software solutions with our experienced, skilled, reliable, & professional software development teams.

    IT Staff Augmentation Services In India We bridge the gap between demand and supply for skilled development teams through an innovative and best-in-class recruiting model backed by a dedicated client-centric software development team.

    Dedicated Offshore Development Center In India Ramp up your software development and scale up quickly. With 17+ years of expertise in the software industry.

    How Does It work? ValueCoders was founded in 2004 with the goal of providing the highest quality software services available on the market today.

    Why Outsource Software Development Services in India India has always been a preferred destination for businesses across the globe to outsource their software projects. Here are some recent stats related to software outsourcing in India:

    Facing The Talent Crunch? A recent study shows that 69% of global companies report a talent crunch and difficulty in hiring.

    Frequently Asked Questions Build scalable, secure, and robust software solutions with our experienced, skilled, reliable, & professional software development teams.

    Technology Consulting Software Development Product Engineering App Development Web Development Mobile App Development QA & Testing DevOps Support & Maintenance Application Modernization Whitelabel Solutions

    What are Engineering Services? We provide end-to-end product engineering services. From initial consulting to final delivery and deployment & after sales support, we cover all aspects of software engineering services. We have an expert team of app planners, programmers, and designers offering innovative features alongside high-quality service.

    Information Technology Consulting company In India Looking for a reliable IT Technology consulting company? Harness our software consulting across key business domains to automate workflows, refine customer service, and increase overall productivity.

    Custom Software Development Company In India We build enterprise-grade custom software solutions that enable businesses to unlock innovation and leverage digital transformation.

    Software Product Development Company In India We transform your ideas into market-ready software products, taking scalability, robustness, and customizability into account.

    Top Application Development Company In India ValueCoders is a leading custom application development company with 17+ years of experience, offering end-to-end custom application development services.

    Custom Web Development Company In India ValueCoders is India's top-rated custom web app development company with over 17+ years of experience building world-class B2B & B2C applications.

    Custom Mobile Application Development Company ValueCoders, an enterprise mobile application development company with 17+ years of experience, provides full-stack mobile application development services.

    Best Software QA & Testing Services Company In India We are a top-rated software quality assurance & testing company leveraging our potential to profound expertise in delivering quality tested applications to businesses.

    DevOps Consulting & Engineering Services In India Our DevOps as a service offering leverages collaboration, monitoring, tool-chain pipelines, automation, and cloud adoption to achieve higher efficiency, faster time to market, and better quality of software builds.

    Software Application Maintenance Services Company The increasing complexities of applications have led us to opt for automated software maintenance methods, regular bug tracking, and on-demand support options.

    Application Modernization & Migration Services In India ValueCoders is a leading application migration & modernization services company providing app transformations as per global standards, newer technologies & latest trends.

    Whitelabel Solutions We aim at leveraging our expertise for providing white label services to our clients worldwide. We believe in 100% transparency and build high-quality B2B and B2C software engineering and consulting services with honesty and integrity.

    Digital Transformation Digital Commerce BlockChain Chatbots Internet of Things Machine Learning Dashboards & Analytics RPA AR & VR

    What is Smart Automation? Smart automation, sometimes also called cognitive automation, is the use of automation technologies – artificial intelligence (AI), IoT, business process management (BPM), and robotic process automation (RPA) – to streamline and scale decision-making across organizations.

    Digital Transformation The emergence of digital technologies has transformed the way people think. Now is the time to bring your business to the digital forefront by outsourcing digital transformation services to ValueCoders. We offer you to hire digital transformation consultants from us who help you fulfill all your requirements whether you’re looking to build a new app or improve the existing setup.

    Digital Commerce Build an interactive, robust, and user-friendly e-commerce store for your retail business. Sell products worldwide and increase revenue up to 10 times with your e-commerce marketplace. Our dedicated team of eCommerce experts supports businesses to build customer-centric eStores and enhance user experience with the help of advanced technologies, advanced features, and their years of domain experience.

    BlockChain We build high-quality & scalable decentralized applications that ensure security for large-scale enterprises, agencies, and startups. Our team holds expertise in building Blockchain solutions such as Smart Contracts, Crypto wallets, Mining software, ICO initialization, etc. Our team has hands-on experience in creating hundreds of blockchain solutions for clients across the globe.

    Chatbots We build interactive & customized chatbots which are AI-powered & Machine Learning coded. You can hire Chatbot developers from us on an hourly or full-time (dedicated monthly) basis. Our remote chatbot developers with 5+ years of average experience build bots with knowledge of presentation, conversational & self-learning abilities, personality traits, and context-sensitivity.

    Internet Of Things We build smart solutions that can connect your smartphones with remote devices. As an offshore IoT application development company, we provide on-time and comprehensive Internet-of-things solutions at affordable prices. We build next-generation IoT apps that bring value to your business with improved efficiency, accuracy, and reduced software development costs.

    Machine Learning Accelerate your digital transformation with our AI development services like media workflow automation, computer vision systems, video processing tools, and more. Our AI & ML team builds world-class AI solutions for startups, agencies, & enterprises catering to different industry verticals, like healthcare, Adtech, eCommerce, etc.

    Dashboards & Analytics As part of our business intelligence consulting services, we help businesses bridge data gaps, gain unprecedented insight into operations, and facilitate imperative data-driven workflows by developing BI strategies, designs, and optimizing BI architectures. Enhance business performance, accelerate decision-making, minimize risks, and effective cost optimization with our advanced dashboard & analytics solutions.

    RPA Do you want to build a Robotic Process Automation (RPA) system but don’t know where to start? Look no further! ValueCoders has the best RPA developers in India. Harness the power of Robotic Process Automation in your business to reduce workload, streamline repetitive processes and optimize resource utilization.

    AR & VR Build smart AR/VR solutions that can enhance the experience of smartphone users. We have years of experience in building AR/VR applications, and our AR/VR experts develop versatile AR/VR solutions at an affordable price while optimizing time. We build next-generation virtual and augmented reality apps to bring value to your business with improved efficiency and accuracy.

    .NET Angular Flutter Laravel iOS PHP React WordPress
    Android Drupal Java Magento Power BI Python React Native OTT

    What is Technology Advisory? Technology consultants from ValueCoders can help business clients accelerate growth, cut costs, mitigate risk, attract and develop talent, and streamline important processes. Our Technology Strategy & Advisory practice helps architect and realize exceptional business value from technology.

    ASP.NET Development Services Company India With a team of certified and experienced 650+ developers, techies, and thinkers, we offer optimum .NET web development solutions to start-ups, entrepreneurs, and enterprises.

    Angular Development Services Company India We offer secure, scalable, feature-rich, and customised angular development solutions to start-ups, enterprises, and entrepreneurs that enhance functionalities of their web apps and enrich user experience.

    Flutter App Development Services Company ValueCoders is a leading Flutter app development company that helps enterprises and start-ups to streamline their business with next-gen mobile applications deploying Google’s revolutionary framework.

    Laravel Development Services Company India ValueCoders is a leading Laravel development company with 17+ years of experience and expertise in building scalable, secure & feature-rich web or CMS applications.

    iPhone App Development Services Company ValueCoders is a top-notch iOS app development company in India that offers iPhone app development services to emerging enterprises, businesses, and start-ups.

    Custom PHP Development Services Company India ValueCoders is a leading PHP development company that focuses on building robust, secure & scalable web applications for start-ups, enterprises, and entrepreneurs.

    React Development Services Company ValueCoders is a top-notch react development company that offers best-in-class web and mobile applications (Android and iOS) development services to start-ups, enterprises, and entrepreneurs at an affordable price.

    Top WordPress Development Services Company India We are a leading WordPress web development company that focuses on yielding high quality, feature-rich, secure and robust web solutions for startups, SMEs, and large enterprises.

    Android Application Development Services Company India With 17+ years of experience, ValueCoders offers offshore Android app development services to start-ups and enterprises to build customised and superior-quality native Android applications.

    Hire Best Drupal Developers in India Want to hire top and cost-effective Drupal developers? We offer dedicated Drupal developers who are experienced in Drupal CMS development,

    Java Web Application Development Company India ValueCoders is India's top-rated custom Java web development company with over 17 years of experience building world-class B2B & B2C applications.

    Magento eCommerce Development Services Company ValueCoders is a leading Magento eCommerce development company in India who offers technology-driven and customized Magento eCommerce development services,

    Microsoft Power BI development company As a Microsoft BI development company, we aim at transforming businesses’ critical data into rich visuals and interactive dashboards.

    Python Development Services Company India ValueCoders is a leading Python web development company that helps start-ups, SMEs, and enterprises bolster profit by offering intuitive, secure, and scalable Python-based applications.

    React Native App Development Company India ValueCoders is a top-notch React Native development company in India that builds stunning mobile applications that work smoothly on iOS, Windows, and Android platforms.

    OTT App Development Services Company We provide a full suite of services to help you manage, deliver, and monetize your OTT content by providing an omnichannel experience to your viewers across different streaming media devices.

  • Hire Developers
    Backend .NET C/C++ Django Firebase Golang GraphQL Java Laravel Node PHP Python Ruby on Rails Symfony
    Frontend Angular HTML/CSS PowerBI React Vue.JS CMS Drupal Kentico Sitecore Sitefinity Umbraco Wordpress
    Mobile Android Flutter Ionic iOS Kotlin React Native Swift Xamarin E-commerce Magento Shopify
    Full Stack MEAN MERN Blockchain Cryptocurrency Ethereum ICO Smart Contract Solidity DevOps Azure AWS
    ML Chatbot Dialogflow RPA Tensorflow Low-Code Appian Outsystems Mendix
  • Industries
    Healthcare ISVs & Software Product Companies Automotive Fintech Retail & eCommerce Education & E-Learning Travel Banking & Finance Logistics & Transportation Media & Entertainment Digital Agency

    Why Custom Software Solutions for Industries? Every industry needs specific software solutions customized as per their unique challenges and needs. ValueCoders, having 17+ years experience and deep expertise in delivering custom software solutions catering to the specific requirements, gets you industry specific developers having in-depth knowledge of industry laws and guidelines.

    Healthcare Transit to digital healthcare and achieve better outcomes with our digitally smart healthcare solutions. We leverage the web, mobile, and medical devices to enable the next-gen quality of healthcare software solutions.

    ISVs & Software Product Companies We help businesses & ISVs (Independent Software Vendors) create successful software by delivering full-cycle end-to-end application development services that are tailored for small, medium-sized, or enterprise-grade organizations.

    Automotive We offer innovative, customized, reliable, and technology-driven solutions to its clients across the globe. We deliver result-driven automotive software development services tailored to your business requirements.

    Fintech We aim at leveraging our expertise to build FinTech app solutions such as payment gateways, digital wallets, banking portals, Robo advisors, and more. With 17+ years of experience, 650+ development team, and being the top FinTech software development company, we ensure to boost data security and optimize ROI for our clients.

    Retail & ECommerce Our retail & eCommerce development team builds next-gen, feature-rich, and scalable eCommerce solutions to empower B2B & B2C businesses effectively reach customers and improve sales numbers.

    Education & E-Learning We have expertise in building custom and platform-based LMS for end-to-end education process support for both educators and learners. We also provide easy-to-use education mobile apps, omnichannel consumption, eLearning portals, and multi-level analytics tools.

    Travel We are a top-notch travel application development company in India that offers technology-driven mobility solutions to enrich your tour and travel business. We understand the terms of the travel & tourism industry and give you a real-time traveling experience like never before.

    Banking & Finance A leading banking & financial software development company in India, ValueCoders offers result-oriented solutions to businesses that increase their agility, cost leadership, and operational efficiency.

    Logistics & Transportation ValueCoders is a leading logistics & transportation software development company in India. We offer the best logistic solutions, such as cloud computing, route analyzing & location tracking software to both start-ups and large enterprises.

    Media & Entertainment We have a team of 650+ dedicated developers who are capable of crafting software solutions, such as media apps, OTT apps, digital SCM, ERP/CRM, and entertainment apps to cater to your business needs.

    Digital Agency We provide best-in-domain design, development, and marketing solutions to agencies all over the globe. From initial conceptualization to final delivery and marketing, we provide end-to-end solutions. As a result, any agency, no matter small or large, can use our services to ensure the success of their business.

  • Company
    Overview Case Studies In Media Clients & Testimonials Careers Blog
  • Contact Us
Logo Logo
Logo Logo
  • Services
  • Hire Developers
    Backend
    .NET C/C++ Django Firebase Golang GraphQL Java Laravel Node PHP Python Ruby on Rails Symfony
    Frontend
    Angular HTML/CSS PowerBI React Vue.JS
    CMS
    Drupal Kentico Sitecore Sitefinity Umbraco Wordpress
    Mobile
    Android Flutter Ionic iOS Kotlin React Native Swift Xamarin
    Full Stack
    MEAN MERN
    Blockchain
    Cryptocurrency Ethereum ICO Smart Contract Solidity
    E-commerce
    Magento Shopify
    ML
    Chatbot Dialogflow RPA Tensorflow
    DevOps
    Azure AWS
    Low-Code
    Appian Outsystems Mendix
  • Industries
    Healthcare ISVs & Software Product Companies Automotive Fintech Retail & eCommerce Education & E-Learning Travel Banking & Finance Logistics & Transportation Media & Entertainment Digital Agency
  • Company
    Overview Case Studies In Media Clients & Testimonials Careers Blog
  • Contact Us
Logo Logo Back
  • Smart Teams
    Dedicated Software Teams IT Staff Augmentation Offshore Development Center (ODC) Hire Software Developers How it Works Why India Hiring Locally FAQs
  • Engineering Services
    Technology Consulting Software Development Product Engineering App Development Web Development Mobile App Development QA & Testing DevOps Support & Maintenance Application Modernization Whitelabel Solutions
  • Smart Automation
    Digital Transformation Digital Commerce BlockChain Chatbots Internet of Things Machine Learning Dashboards & Analytics RPA AR & VR
  • Technology Advisory
    .NET Android Angular Drupal Flutter Java Laravel Magento iOS PowerBI PHP Python React React Native WordPress OTT

Like What You’re Reading?

Join us to get latest updates
Loading

Why is Machine Learning the best for Fraud Prevention in 2021? (Updated Version)

  • Posted By amaira
  • March 29, 2021
  • 27 Views
  • 0
Why is Machine Learning the best for Fraud Prevention in 2021? (Updated Version)
  • BLOCKCHAIN & ML
  • Technology and Apps
  • Top And Best Companies
  • Types of Machine Learning:
    • LET’S KNOW WHY ML features suit best for Fraud Detection :
  • How Unsupervised Machine Learning Works?
  • How can you tell if the model is Working?
  • Conclusion

Table of Contents

  • Types of Machine Learning:
    • LET’S KNOW WHY ML features suit best for Fraud Detection :
  • How Unsupervised Machine Learning Works?
  • How can you tell if the model is Working?
  • Conclusion

The bad news is that fraudulent activities are rising. The good news is that ML(Machine Learning) is there to safeguard –your hard-earned assets. “As quoted by BBC Fraud Solution expert  Aslam Mohammed.”

To decode this further, we’ve got to understand Machine Learning first. Machine Learning is a popular technology trend that helps in the Global Fraud Landscape—citing the threats of the growing complexity of the payment ecosystem. Fraudsters primarily attack the “path of least resistance,” which rather intensifies the need for Machine Learning.

Machine learning uses Artificial Intelligence to run software applications in the prediction of outcomes without programming needs.

Machine learning comes with versatile features – i.e., email spam detection, image recognition, and product recommendations, e.g., e-commerce sites, Business Process Automation(BPA), and predictive maintenance.

Types of Machine Learning:

Machine Learning is all about how an algorithm learns to become accurate in predictions. We can divide Machine Learning into four categories:

  1. Supervised Learning
  2. Unsupervised Learning
  3. Semi-supervised Learning
  4. Reinforcement Learning 

Classical machine facilitates learning to become more accurate in its predictions.

The type of algorithm a data scientist chooses  depends on which purpose & data we want to choose

  • Supervised learning- Since the whole procedure is supervised in this type of machine learning supply algorithms with labeled training to assess correlations.

Data scientists supply algorithms with labeled training data in this sort of machine learning and define the variables.

  • Unsupervised learning- This type of machine learning involves algorithms trained on unlabeled data. These algorithms scan through datasets seeking meaningful connections. Both the data algorithms train on, and the predictions or recommendations output is pre-managed.
  • Semi-supervised learning- This sort of approach helps machine learning involve a mix of the two preceding types. Data scientists may feed an algorithm mostly labeled training data, but the model is free to explore the data independently and develop its understanding of the data set.
  • Reinforcement learning. A very much popular to complete a multi-step process to define rules clearly. Popularly known as wait and watch technique.

Data scientists program an algorithm to complete a task and impart—positive or negative cues depending on the output. Whereas algorithms decide on their steps are to be taken.

Why is Machine Learning the best for Fraud Prevention in 2020 | AI and ML application development | rent a coder | hire Machine learning app developers | Machine learning apps


Give A Glance Over- MACHINE LEARNING APP IDEAS


A brief description is of how machine learning works: But we are on this page to discuss ML in fraud detection.

World-cross Cyber Security has been the Talk of the Town for some years. Especially in e-commerce, the cases of cyber threats are haunting the proliferation of online business.

 

Despite all security mechanisms, the fraudsters can breakthrough and siphon-off. In microseconds. 

So What is the remedy-the cure? Machine Learning has answers for it. 

Even during the phase of COVID-19, fraudsters kept on with malicious intentions and victimized innocent subscribers in the name of donations. PHISHING was at a peak. So, I believe this will help global companies to beef up the payment gateway using the security mechanisms of ML( Machine Learning).

 

LET’S KNOW WHY ML features suit best for Fraud Detection :

  • Super Fast

The speed of your action plan matters if you want to clamp down on fraudsters. If you are sluggish in your approach, then in a fraction of a second, the fraudsters may barge in.

When you switch on a bulb, you don’t have to wait. It lit up at once.ML is for you as it runs several real-time analysis with thousands of queries while comparing the outcome to the best results. It hardly takes milliseconds.

It always remains in the process of queries to find the best results. It helps analyze customer’s behavior so as when an anomaly arises, one could block or flag a payment for review.

machine learning development

  • Scalable

The thriving online business helped companies to increase the transaction volume. With a rules only system, increasing the amount of payment and customer data puts more pressure on the rules library to expand. Nevertheless, in machine learning, it’s the opposite –  more data is better.

To put that in metaphor, ‘A 500 CC motorbike(bullet) gives more efficiency when it covers long distances’.

The machine learning system improves more massive datasets because it is a mixed bag. Good & bad e.g. both genuine and fraudulent customers. It means the model can pick out the differences and similarities between behaviors more quickly and forecast fraud in future transactions.

  • Accuracy

Breaking into non- intuitive patterns or subtle trends is not that easy for humans. ML can form new ways together. And we know fraud analysts are known to do this.

Machine Learning interprets normal behavior better. So when it sees any malicious activity, it raises a flat. It helps in identifying a network when there is no chargeback yet. It helps identify suspicious signals. It is giving a fair idea about copying and pasting information.


Related Blog: HOW MACHINE LEARNING DEVELOPMENT CAN ACT AS A BARRIER FOR COVID-19 AND OTHER PANDEMIC DISEASES


The features facilitate Unsupervised learning In Fraud Detection Algorithm.

No Surprises if fraud is any abnormal activity or behavior. Unsupervised learning helps in self-learning in finding hidden patterns in transactions. It involves self-learning in finding remote and unveil fraud patterns.

 

Why is Machine Learning the best for Fraud Prevention in 2020 | AI and ML application development | rent a coder | hire Machine learning app developers | Machine learning apps

How Unsupervised Machine Learning Works?

This type of machine learning algorithm doesn’t need labeled data. Unsupervised machine learning algorithms do not require the labeling of data. They sift through unlabeled data to look for patterns used to group data points into subsets. Most types of deep learning, including neural networks, unsupervised algorithms.Unsupervised learning algorithms better suits for the following tasks.

  • Clustering. Splitting the data set into groups for reality.
  • Anomaly detection. Identifying unusual data points in a Data Set
  • Association mining. Identifying sets of items in a data set randomly occurs in a bundle.
  • Dimensionality Reduction. Variables are reduced in Data Set 

Why is Machine Learning the best for Fraud Prevention in 2020 | AI and ML application development | rent a coder | hire Machine learning app developers | Machine learning apps

Source: xenonstock.com

Possible Channels 

  • High Traffic of new transactions e.g. a customer adds new 10 payment cards in an hour
  • A consumer placing lots of orders of high-value goods e.g., luxury alcohol, expensive apparels
  • Phishing, e. technologies. email addresses a mismatch between the account name or cardholder name, or rude/profane words or threatening words
  • Orders received from a  particularly from an unknown location, shipping to a known fraud hotspot or a PO Box rather than regular residential address

Such examples are flagged as high risks- so what happens when the machine makes a prediction?

  1. Input Data                     
  2. Extract Features             
  3. Train Algorithm    
  4. Create a Model

Why is Machine Learning the best for Fraud Prevention in 2020 | AI and ML application development | rent a coder | hire Machine learning app developers | Machine learning apps


1) Input data

Why is Machine Learning the best for Fraud Prevention in 2020 | AI and ML application development | rent a coder | hire Machine learning app developers | Machine learning apps

The technique of Fraud Detection thrives if there is more data.

In the process of supervised machine learning, the data can either be segregated into good (genuine customers who have never committed fraud) and wrong (customers with a chargeback associated or labeled as fraudsters).

 

2) Extract features

Why is Machine Learning the best for Fraud Prevention in 2020 | AI and ML application development | rent a coder | hire Machine learning app developers | Machine learning apps

It describes customer behavior & pattern, while fraudulent actions are known as fraud signals.

We categorize  features into five main categories, with  hundreds or thousands of individual characteristics:

 

  • Identity: Essential details like Number of digits in the customer’s email address, the validity of a/c, number of devices the customer used, fraud rate of customer’s IP address.

Failed transactions, average order value, risky basket contents in the initial weeks

  • Payment  Methods: Fraud rate of issuing banks, the similarity between customer name,  name, cards from other countries.

 

  • Locations: Shipping address communicates to match the billing address; shipping country reaches the country of customer’s IP address and the threat of fraud at customer location.

Why is Machine Learning the best for Fraud Prevention in 2020 | AI and ML application development | rent a coder | hire Machine learning app developers | Machine learning apps

  • Network: Frequencies of emails, phone no. or payment methods shared within a network, customer’s network.

Why is Machine Learning the best for Fraud Prevention in 2020 | AI and ML application development | rent a coder | hire Machine learning app developers | Machine learning apps

 

3) Train Algorithm 

Why is Machine Learning the best for Fraud Prevention in 2020 | AI and ML application development | rent a coder | hire Machine learning app developers | Machine learning apps

Solving a complex problem requires an algorithm— a set of rules. For example, they are solving mathematical equations or programming tasks. It uses customer data described by features to make predictions, e.g., fraud/ not fraud. In the beginning, this data is used on algorithms: an online seller’s historical data called a training set.

The more fraud in this training set, the better so that the machine has lots of examples to learn from.

 

4) Create a Model

Why is Machine Learning the best for Fraud Prevention in 2020 | AI and ML application development | rent a coder | hire Machine learning app developers | Machine learning apps

Once the training is done you have a business-specific model by which you can detect fraud in a millisecond. Keeping a vulture eye on the model to make sure it is behaving as it should, and it is improving. It helps improve, update, and upload a new model for every client in the system will always keep an eye on new duping techniques.

 

 


Related Blog:TOP 7 MACHINE LEARNING APP DEVELOPMENT COMPANIES SUPPORTING SME & ENTERPRISES ML ADOPTION


How can you tell if the model is Working?

Once training is done you can check if the model is working correctly, contains some data which has never appeared to know the fraud outcomes. The model diagnoses the fraud accurately, deploys it to detect online business’ transactions. Automatic common-sense analysis on recent dates demonstrates no fraud labels to ensure if the model is working fine.

Why is Machine Learning the best for Fraud Prevention in 2020 | AI and ML application development | rent a coder | hire Machine learning app developers | Machine learning apps

There are certain frauds situations which help in choosing the model – here is the list of examples:

  • Redundancies of new payment methods e.g. a customer adds 10 new payment cards in an hour. 
  • A customer is showing signs of orders of high-value goods e.g. luxury alcohol, expensive apparel.
  • Orders raised from a suspected  location,  shipping to a known fraud hotspot or a PO Box rather than a residential address

These mentioned examples are flagged as fraud – so what happens when the machine makes a prediction?

Conclusion

With Machine Learning, we now have more avenues to clamp down malicious activities in making digital payments. With a specific mechanism, one may reinforce the payment gateway while adding layers of security.

If you’re looking for top IT companies in India, then you can choose ValueCoders to rent a coder or hire Machine learning app developers. It is one of the leading names in the AI and ML application development industry who provide world-class Machine learning apps to boost your business success.

 

software development

 

Tags:AI and ML application developmentHire Machine learning app developersMachine learning appsMachine Learning the best for Fraud PreventionRent a coder

RELATED STORIES

Web App Development
A Complete Timeline Guide For Web App Development | 2022-23
pasted image 0 16
97 Best App Ideas For Startups | New App Ideas In 2022
The Ultimate Guide to Optimize Your React Native App Performance in 2022 23
The Ultimate Guide To Optimize Your React Native App Performance In 2022-23

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Copyright © 2004 - 2022. All Rights Reserved. ValueCoders.com Become a Partner | Privacy Policy | Terms of Service | Why India? | FAQ | Disclaimer | GDPR Theme Light | Dark | Auto
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT