Protecting the Securities Market with Predictive Fraud Detection

Posted Leave a commentPosted in Company Blog, Customers, Financial Fraud, Financial Markets, Financial Services, FINRA, Fraud, Fraud Detection, Securities Market

FINRA (Financial Industry Regulatory Authority), a regulatory body charged with protecting the U.S. securities market, spoke at the Spark + AI Summit on how they use Databricks Unified Analytics Platform to analyze up to a 100 billion stock market events per day for fraud detection and prevention. This is a summary of their story from Summit. […]

Detecting Financial Fraud at Scale with Decision Trees and MLflow on  Databricks

Posted Leave a commentPosted in Apache Spark, Company Blog, Decision tree, Education, Engineering Blog, financial, Financial Markets, Financial Services, Fraud, Fraud Detection, Machine Leanring, Machine Learning, Platform

Try this notebook in Databricks Detecting fraudulent patterns at scale is a challenge, no matter the use case. The massive amounts of data to sift through, the complexity of the constantly evolving techniques, and the very small number of actual examples of fraudulent behavior are comparable to finding a needle in a haystack while not […]