Data mining Discussion#6

 

Financial services are experienced by consumers and businesses. This may be with a checking or savings account, credit cards, loans, and other offerings. With all of these services available, there is a level of financial fraud that occurs. This may be with credit card charges not done by the credit card holder, fake checks, or other issues. In analysis, these would be an anomaly or outlier.

For the discussion question, please choose a form of financial fraud a consumer may experience and an approach or method the bank may to detect this. 

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