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Join the Fight: Calling Fintech Leaders to Unite With Federated Learning for Superior Fraud Detection

Fintech companies such as PayPal, Square and Google battle fraud by individually analysing user data. Collaborative efforts using federated learning – a machine learning model that trains on multiple decentralised devices – allows for improved fraud mitigation while maintaining data privacy and security. Algorithms can proactively combat fraud by understanding patterns across multiple companies without sharing sensitive user data.

Source: securityboulevard.com –

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