Fraud Detection of FinTech by Adaptive Fraud detection algorithm
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With the increasing the number of FinTech services, fraud-related costs include transactions refused costs are also increasing rapidly. In Fintech domain, the fraud are analyzed through a number of fraud management systems, algorithms, and methods that have been developed and improved for card fraud detection and mobile detection. The increasing trend for real-time payments and the diversity of fast-growing services requires an improvement in the existing use of the algorithm. This paper shows an adaptive detection approach that work alongside FinTech services.