{"id":12046,"date":"2023-10-30T04:53:24","date_gmt":"2023-10-30T04:53:24","guid":{"rendered":"https:\/\/ivasystems.in\/?page_id=12046"},"modified":"2023-11-07T07:12:05","modified_gmt":"2023-11-07T07:12:05","slug":"banking","status":"publish","type":"page","link":"https:\/\/ivasystems.in\/index.php\/banking\/","title":{"rendered":"Banking"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"12046\" class=\"elementor elementor-12046\">\n\t\t\t\t\t\t\t        <section class=\"elementor-section elementor-top-section elementor-element elementor-element-7b25dd3 elementor-section-boxed elementor-section-height-default elementor-section-height-default ct-header-fixed-none ct-row-max-none\" data-id=\"7b25dd3\" data-element_type=\"section\">\n            \n                        <div class=\"elementor-container elementor-column-gap-default \">\n                    <div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-aef79e8\" data-id=\"aef79e8\" data-element_type=\"column\">\n            <div class=\"elementor-widget-wrap elementor-element-populated\">\n                        \t\t<div class=\"elementor-element elementor-element-d517071 elementor-widget elementor-widget-text-editor\" data-id=\"d517071\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.11.2 - 22-02-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"font-weight: 400;\">Stored-value cards are a popular payment method that uses a magnetic strip or RFID chip to store value. They are typically used for one-time purchases and are not associated with a financial institution or credit limit. Stored-value cards are projected to reach a global market size of $5.51 trillion by 2027, driven by the demand for alternatives to cash and cheques, the growth of e-commerce, and the increasing number of internet users. However, the industry is also vulnerable to fraudulent attacks. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t            <\/div>\n        <\/div>\n                            <\/div>\n        <\/section>\n                <section class=\"elementor-section elementor-top-section elementor-element elementor-element-2a124f1 elementor-section-boxed elementor-section-height-default elementor-section-height-default ct-header-fixed-none ct-row-max-none\" data-id=\"2a124f1\" data-element_type=\"section\">\n            \n                        <div class=\"elementor-container elementor-column-gap-default \">\n                    <div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-4b87027\" data-id=\"4b87027\" data-element_type=\"column\">\n            <div class=\"elementor-widget-wrap elementor-element-populated\">\n                        \t\t<div class=\"elementor-element elementor-element-1ab946c elementor-widget elementor-widget-image\" data-id=\"1ab946c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.11.2 - 22-02-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"640\" height=\"263\" src=\"https:\/\/ivasystems.in\/wp-content\/uploads\/2023\/11\/digital-bank_1664108605.jpg\" class=\"attachment-large size-large wp-image-12411\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t            <\/div>\n        <\/div>\n                <div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-5274cb3\" data-id=\"5274cb3\" data-element_type=\"column\">\n            <div class=\"elementor-widget-wrap elementor-element-populated\">\n                        \t\t<div class=\"elementor-element elementor-element-5ea4302 elementor-widget elementor-widget-spacer\" data-id=\"5ea4302\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.11.2 - 22-02-2023 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77e98d4 elementor-widget elementor-widget-text-editor\" data-id=\"77e98d4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Fraud is difficult to detect because it is rare, planned and well-executed, concealed, and time-evolving. Fraudsters often operate in large teams and use sophisticated techniques to conceal their activities. As fraudsters evolve their techniques, fraud detection systems must also evolve to keep up.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t            <\/div>\n        <\/div>\n                <div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-7091fc4\" data-id=\"7091fc4\" data-element_type=\"column\">\n            <div class=\"elementor-widget-wrap\">\n                                    <\/div>\n        <\/div>\n                            <\/div>\n        <\/section>\n                <section class=\"elementor-section elementor-top-section elementor-element elementor-element-e859d9b elementor-section-boxed elementor-section-height-default elementor-section-height-default ct-header-fixed-none ct-row-max-none\" data-id=\"e859d9b\" data-element_type=\"section\">\n            \n                        <div class=\"elementor-container elementor-column-gap-default \">\n                    <div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3118178\" data-id=\"3118178\" data-element_type=\"column\">\n            <div class=\"elementor-widget-wrap elementor-element-populated\">\n                        \t\t<div class=\"elementor-element elementor-element-6340dac elementor-widget elementor-widget-text-editor\" data-id=\"6340dac\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Traditional rule-based fraud detection systems are becoming difficult to maintain and manage as the number of vendors and business rules increases. Machine learning (ML) techniques offer several advantages in fraud detection, including:<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t            <\/div>\n        <\/div>\n                            <\/div>\n        <\/section>\n                <section class=\"elementor-section elementor-top-section elementor-element elementor-element-3c1067c elementor-section-boxed elementor-section-height-default elementor-section-height-default ct-header-fixed-none ct-row-max-none\" data-id=\"3c1067c\" data-element_type=\"section\">\n            \n                        <div class=\"elementor-container elementor-column-gap-default \">\n                    <div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-c3a83f3\" data-id=\"c3a83f3\" data-element_type=\"column\">\n            <div class=\"elementor-widget-wrap\">\n                                    <\/div>\n        <\/div>\n                <div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-10fd149\" data-id=\"10fd149\" data-element_type=\"column\">\n            <div class=\"elementor-widget-wrap elementor-element-populated\">\n                        \t\t<div class=\"elementor-element elementor-element-ad34b91 elementor-widget elementor-widget-ct_list\" data-id=\"ad34b91\" data-element_type=\"widget\" data-widget_type=\"ct_list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t    <div class=\"ct-list style1 \">\r\n                    <div class=\"ct-list-item \" data-wow-delay=\"ms\">\r\n            \t<div class=\"ct-list-icon\"><i class=\"fac fac-check-circle\"><\/i><\/div>\r\n            \t<div class=\"ct-list-meta\">\r\n\t            \t<div class=\"ct-list-desc\">\r\n\t            \t\tAdaptability: ML models can learn from historical data and adapt to new fraud patterns over time, without the need to manually update rules.\n\t            \t<\/div>\r\n                    \t            <\/div>\r\n           <\/div>\r\n                    <div class=\"ct-list-item \" data-wow-delay=\"ms\">\r\n            \t<div class=\"ct-list-icon\"><i class=\"fac fac-check-circle\"><\/i><\/div>\r\n            \t<div class=\"ct-list-meta\">\r\n\t            \t<div class=\"ct-list-desc\">\r\n\t            \t\tAccuracy: ML models can be trained to achieve high accuracy in fraud detection, even when dealing with complex and evolving fraud schemes.\n\t            \t<\/div>\r\n                    \t            <\/div>\r\n           <\/div>\r\n                    <div class=\"ct-list-item \" data-wow-delay=\"ms\">\r\n            \t<div class=\"ct-list-icon\"><i class=\"fac fac-check-circle\"><\/i><\/div>\r\n            \t<div class=\"ct-list-meta\">\r\n\t            \t<div class=\"ct-list-desc\">\r\n\t            \t\tEfficiency: ML models can automate the fraud detection process, freeing up fraud analysts to focus on more strategic tasks.\n\t            \t<\/div>\r\n                    \t            <\/div>\r\n           <\/div>\r\n            <\/div>\r\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t            <\/div>\n        <\/div>\n                <div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-e88687b\" data-id=\"e88687b\" data-element_type=\"column\">\n            <div class=\"elementor-widget-wrap\">\n                                    <\/div>\n        <\/div>\n                            <\/div>\n        <\/section>\n                <section class=\"elementor-section elementor-top-section elementor-element elementor-element-149a939 elementor-section-boxed elementor-section-height-default elementor-section-height-default ct-header-fixed-none ct-row-max-none\" data-id=\"149a939\" data-element_type=\"section\">\n            \n                        <div class=\"elementor-container elementor-column-gap-default \">\n                    <div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-8e8bec2\" data-id=\"8e8bec2\" data-element_type=\"column\">\n            <div class=\"elementor-widget-wrap\">\n                                    <\/div>\n        <\/div>\n                <div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-c6ef472\" data-id=\"c6ef472\" data-element_type=\"column\">\n            <div class=\"elementor-widget-wrap elementor-element-populated\">\n                        \t\t<div class=\"elementor-element elementor-element-8179f75 elementor-widget elementor-widget-text-editor\" data-id=\"8179f75\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">ML fraud detection systems offer several advantages over traditional rule-based systems, including:<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t            <\/div>\n        <\/div>\n                <div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-596af8d\" data-id=\"596af8d\" data-element_type=\"column\">\n            <div class=\"elementor-widget-wrap\">\n                                    <\/div>\n        <\/div>\n                            <\/div>\n        <\/section>\n                <section class=\"elementor-section elementor-top-section elementor-element elementor-element-0ef0556 elementor-section-boxed elementor-section-height-default elementor-section-height-default ct-header-fixed-none ct-row-max-none\" data-id=\"0ef0556\" data-element_type=\"section\">\n            \n                        <div class=\"elementor-container elementor-column-gap-default \">\n                    <div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-2c0b4e3\" data-id=\"2c0b4e3\" data-element_type=\"column\">\n            <div class=\"elementor-widget-wrap\">\n                                    <\/div>\n        <\/div>\n                <div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-0a52565\" data-id=\"0a52565\" data-element_type=\"column\">\n            <div class=\"elementor-widget-wrap elementor-element-populated\">\n                        \t\t<div class=\"elementor-element elementor-element-6bbb449 elementor-widget elementor-widget-ct_list\" data-id=\"6bbb449\" data-element_type=\"widget\" data-widget_type=\"ct_list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t    <div class=\"ct-list style5 \">\r\n                    <div class=\"ct-list-item \" data-wow-delay=\"ms\">\r\n            \t<div class=\"ct-list-icon\"><i class=\"fac fac-check-circle\"><\/i><\/div>\r\n            \t<div class=\"ct-list-meta\">\r\n\t            \t<div class=\"ct-list-desc\">\r\n\t            \t\tVolume scalability: ML systems can analyze large volumes of data quickly and efficiently.\n\t            \t<\/div>\r\n                    \t            <\/div>\r\n           <\/div>\r\n                    <div class=\"ct-list-item \" data-wow-delay=\"ms\">\r\n            \t<div class=\"ct-list-icon\"><i class=\"fac fac-check-circle\"><\/i><\/div>\r\n            \t<div class=\"ct-list-meta\">\r\n\t            \t<div class=\"ct-list-desc\">\r\n\t            \t\tProcessing efficiency: ML models can pre-filter, pre-process, and analyze transactions rapidly.\n\t            \t<\/div>\r\n                    \t            <\/div>\r\n           <\/div>\r\n                    <div class=\"ct-list-item \" data-wow-delay=\"ms\">\r\n            \t<div class=\"ct-list-icon\"><i class=\"fac fac-check-circle\"><\/i><\/div>\r\n            \t<div class=\"ct-list-meta\">\r\n\t            \t<div class=\"ct-list-desc\">\r\n\t            \t\tLower cost: ML systems are more efficient and require less maintenance than rule-based systems.\n\t            \t<\/div>\r\n                    \t            <\/div>\r\n           <\/div>\r\n                    <div class=\"ct-list-item \" data-wow-delay=\"ms\">\r\n            \t<div class=\"ct-list-icon\"><i class=\"fac fac-check-circle\"><\/i><\/div>\r\n            \t<div class=\"ct-list-meta\">\r\n\t            \t<div class=\"ct-list-desc\">\r\n\t            \t\tMulti-modal support: ML systems can utilize multiple data sources, making them more difficult to spoof or circumvent.\n\t            \t<\/div>\r\n                    \t            <\/div>\r\n           <\/div>\r\n            <\/div>\r\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t            <\/div>\n        <\/div>\n                <div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-72bc102\" data-id=\"72bc102\" data-element_type=\"column\">\n            <div class=\"elementor-widget-wrap\">\n                                    <\/div>\n        <\/div>\n                            <\/div>\n        <\/section>\n                <section class=\"elementor-section elementor-top-section elementor-element elementor-element-6728faf elementor-section-boxed elementor-section-height-default elementor-section-height-default ct-header-fixed-none ct-row-max-none\" data-id=\"6728faf\" data-element_type=\"section\">\n            \n                        <div class=\"elementor-container elementor-column-gap-default \">\n                    <div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-930774d\" data-id=\"930774d\" data-element_type=\"column\">\n            <div class=\"elementor-widget-wrap elementor-element-populated\">\n                        \t\t<div class=\"elementor-element elementor-element-f945888 elementor-widget elementor-widget-text-editor\" data-id=\"f945888\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">ML fraud detection approach uses supervised learning techniques to train classifiers that can identify fraudulent transactions with high accuracy. The approach also incorporates unsupervised learning to handle concept drift, ensuring that the model remains effective over time.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t            <\/div>\n        <\/div>\n                            <\/div>\n        <\/section>\n        \t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Stored-value cards are a popular payment method that uses a magnetic strip or RFID chip to store value. They are typically used for one-time purchases and are not associated with a financial institution or credit limit. Stored-value cards are projected to reach a global market size of $5.51 trillion by 2027, driven by the demand [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-12046","page","type-page","status-publish","hentry"],"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"IVASYSTEMS","author_link":"https:\/\/ivasystems.in\/index.php\/author\/prasad\/"},"rttpg_comment":0,"rttpg_category":null,"rttpg_excerpt":"Stored-value cards are a popular payment method that uses a magnetic strip or RFID chip to store value. They are typically used for one-time purchases and are not associated with a financial institution or credit limit. Stored-value cards are projected to reach a global market size of $5.51 trillion by 2027, driven by the demand&hellip;","_links":{"self":[{"href":"https:\/\/ivasystems.in\/index.php\/wp-json\/wp\/v2\/pages\/12046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ivasystems.in\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ivasystems.in\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ivasystems.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ivasystems.in\/index.php\/wp-json\/wp\/v2\/comments?post=12046"}],"version-history":[{"count":11,"href":"https:\/\/ivasystems.in\/index.php\/wp-json\/wp\/v2\/pages\/12046\/revisions"}],"predecessor-version":[{"id":12417,"href":"https:\/\/ivasystems.in\/index.php\/wp-json\/wp\/v2\/pages\/12046\/revisions\/12417"}],"wp:attachment":[{"href":"https:\/\/ivasystems.in\/index.php\/wp-json\/wp\/v2\/media?parent=12046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}