AI Identifies Financial Fraud In Customer Accounts

AI Identifies Financial Fraud In Customer Accounts
Banks, Insurance & Financial Services

Credit agency Callcredit is using Microsoft's Azure Machine Learning AI to identify potential identity theft and loan fraud

Zack Palm
  • 9 january 2018

Callcredit, a credit reference agency based in the United Kingdom, is using Microsoft’s Azure Machine Learning program to identify fraud in loan applications. With the AI software, Callcredit can more confidently predict which loans will turn out fraudulent and prevent these applications from proceeding to its credit reporting service, Noodle.

The software protects customers from identity theft and having bad loans taken out in their name, and leaves Callcredit employees free to focus on identifying more sophisticated criminal activity.

Prior to using Azure Machine Learning, Callcredit was making use of a third-party service, which it has now retired in favor of this new software.

Callcredit | Microsoft

Callcredit, a credit reference agency based in the United Kingdom, is using Microsoft’s Azure Machine Learning program to identify fraud in loan applications. With the AI software, Callcredit can more confidently predict which loans will turn out fraudulent and prevent these applications from proceeding to its credit reporting service, Noodle.

+AI
+artificial intelligence
+Europe
+financial services
+machine learning
+Microsoft
+retail
+technology

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