intelligent

The key benefits realised since implementation

Together , Cifas and Mango have developed a best-practice framework and ensured a smooth transition from building valuable stakeholder engagement to hard results . The benefits of applying the combination of data science and intelligence tools have been to reveal hidden patterns that are almost impossible for human beings to detect .

Specifically , Mango successfully created a probabilistic match engine with member data .

Cifas is applying data science to refine searches and create optimised results that let members further protect themselves and see rapidly when there are risks and trends emerging of certain fraud types or activities and support law enforcement agencies .

Peaston said : “ Through Mango ’ s data science consultancy , we ’ ve been relieved of the burden of manually trawling through reams of charts and data manipulation . In replacing this with giving our technical experts relevant and timely information at their fingertips to help identify current and emerging fraud threats . This has been an enormous influence on Cifas approach and decision-making

in fraud prevention and strengthened the organisation ’ s position as a compelling thought leader in the field of fraud .”

A key benefit has been the perfect blend of expert human skills and technology within Cifas to offer optimal fraud prevention to its stakeholders . Rather than replacing employees with machines , Mango ’ s approach augments their knowledge with data insight , in tandem with automation for manual tasks . This ideal combination of the strength of people and technology has the potential to process huge amounts of data and find quantitative trends and patterns while human experts can make sense of multiple unstructured bits of information and evaluate the bigger picture .

Cifas can now utilise intelligence more effectively and efficiently to inform its members and the wider fraud prevention community . In keeping up with the evolution in fraud prevention , Cifas can minimise risk for members and individuals .

What ’ s next ?

Cifas and Mango will continue to innovate and use data science to unlock fraud and e-crime , refining algorithms over time to become even more effective in countering criminal activity and finding ways to stay ahead of malicious actors . Together , they are seeking to help automate processes to better protect members and secure their data assets . �

THROUGH MANGO ’ S DATA SCIENCE CONSULTANCY , WE ’ VE BEEN RELIEVED OF THE BURDEN OF MANUALLY TRAWLING THROUGH REAMS OF CHARTS AND DATA MANIPULATION .