The Role of AI in Improving Casino Payment Fraud Detection
For as long as there is money, there are people who will try to game the system. Even some promo codes like the ICE Casino 25€ can be abused, and it is why casinos are doing everything they can to reduce fraud. Today, one of the most powerful tools that casinos use is AI.
How? With artificial intelligence, there is little to no need for a human being to identify behavioral anomalies. The AI will do it. While it is not completely perfect, it does significantly reduce the occurrences of fraud.
Why Do Casinos Have to Detect Fraud?
It is not only casinos that detect fraud. Any organization that transacts financially must do it. Without detection activities, the casino will become a haven for fraudsters and money launderers.
These are the most common fraud tactics today:
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