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How to detect bank loan fraud with graphs : part 2

Last week we saw the sophisticated schemes criminals use to defraud banks. The TL;DR version of this is : criminals create fake identities, ask banks for loans and disappear with the money. By going through the techniques used by criminals we identified the graph challenge they face : creating and managing a network of identities […]

How to detect bank loan fraud with graphs : part 1

Everyday bank and insurance companies are victims of fraud. Criminal target them, open accounts, ask for loans and credit cards…and some day disappear. Eventually, banks have to write off the money loaned to fraudsters. It is estimated that in Canada alone, the cost of this fraud scheme is around $1B per year. We are going […]