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Putting Big Data into Action to Protect Payment Cards from Fraud


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In his presentation at Data Summit in NYC, Scott Zoldi Ph.D., VP - Analytic Science, FICO, gave attendees an inside peek at how the world's largest payment card consortium works with big data to detect and prevent fraud.

The company has created a big data paradigm on a flexible hardware and software infrastructure that can intake and process large volumes of data while also enforcing a tight system of standards and data management practices to ensure timeliness, integrity, and quality of the data, as well as its security and privacy.

With banks from around the world contributing data through the consortium, there are the inevitable challenges around quality and variety of data. In his talk, Zoldi explained how the data flows, and what FICO does to provide a trusted, dependable solution for fraud detection and protection of payment cards. 

Watch the presentation here and for more videos from Data Summit, go to www.dbta.com/Videos.


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