Fraud Detection using Text Analytics

By Timo Selvaraj

Detecting fraud from unstructured streams of data is incredibly complex due to the nature of processing and machine learning required to identify patterns. However fraud detection from varying sources of structured and unstructured sources of streaming as well as static data sets is possible with a platform like SearchBlox. SearchBlox is a unstructured data aggregation, processing and analysis platform that enables you to access 60+ sources of internal as well as external data to process and visualize anomalies in real time. This can be used to identify irregular patterns within transactions and conversations to identify and flag for review. SearchBlox combines text analytics algorithms and real time visualizations to accomplish fraud detection and enable organizations to pinpoint the sources of the transactions or events as they happen in real time.

Contact us to learn more about how you can use the power of text analytics to reduce fraud within your organization.