Real-Time Fraud Mitigation in Digital Payments: Big Data and AI-Driven Biometric Authentication

Abstract

In-built protection against phishing URLs, calls, payment links, SMS, or emails. Biometric systems and smart filters trained in AI mitigate fraud by minimizing the chances of sensitive information being acquired by fraudsters. There are many techniques for Big Data Analytics in payment transactions including Structured Query Language (SQL), Cross-Device identification/Tracking, Graph analytics, Entity Resolution activity, Community Detection Alexa & web URL-based fraud detection, etc.