AI Use Case

Detect invoice redirection fraud

Invoice redirection fraud takes place when criminals contact a business claiming to be from one of their suppliers, saying that they have changed bank and requesting that an invoice is paid into a different account.

Function

Benefits

Cost - Fraud reduction

Case Studies

Royal Bank of Scotland~RBS identifies invoice fraud saving £7 million of losses to customers with artificial intelligence

Potential Vendors

Vocalink

Industry

Financial Services

Banking

Data Sets

Structured / Semi-structured

AI Technologies

Machine Learning (ML),ML Task - Grouping - Anomaly Detection