Featured Author

Nitesh Kumar
Principal Data Scientist, Skytree, Inc.

Nitesh has been researching large scale data analytics for over 6 years. Nitesh obtained his PhD in mathematical finance from University of California, Merced where he applied modeling techniques to stock and derivative data. At Skytree, Nitesh is creating techniques that help democratize data science in addition to helping Skytree customers solve some of the toughest data analytics problems in the industry. 

His expertise lies in Machine Learning, Data Science, and Mathematical Finance. In his free time, he dabbles in the stock market betting on rare events. 

Author's Posts

Posted on March 13, 2015 by Nitesh Kumar

Fraud represents the biggest loss for banks, accounting for upward of $1.744 billion in losses annually. The banking industry spends millions each year on technologies aimed at reducing fraud and retaining customers, but the spend does little in protecting banks. Let’s focus on why the current fraud detection approaches don't work as well as they should and how machine learning on big data can help.

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