Financial Fraud Detection Accelerator

The accelerator uses TIBCO Spotfire Analyst to guide data professionals through the process of developing both supervised and unsupervised models to detect probability of fraud and transaction oddity from a known dataset. Models are developed using the R programing language and then hot deployed to TIBCO StreamBase for evaluation at runtime using TIBCO Enterprise Runtime for R. When a transaction is scored it will either pass, or be flagged as probable fraud, odd transaction, or both. When this occurs the event processing platform raises an alert and creates a case in TIBCO ActiveMatrix BPM that facilitates the investigation of the potential fraud. Investigators are then provided with the analytics tools tools to help determine whether or not a transaction is actually fraud or not all within the fully functional case management environment.