At Experian DataLabs in San Diego, a team of scientists is thwarting bad guys with math.
A top-five U.S. credit card issuer recently dumped about 6 billion transaction records on Experian DataLabs to see if its machine-learning mathematical formulas could do a better job of rooting out credit card fraud than the bank’s existing system.
Experian scientists used neuro-embedding/natural language processing techniques to understand the “syntax” of the credit card data, computer scientist Honghao Shan said.
Transactions with odd syntax — words out of place, if you will — popped up as potential fraud.
“We thought we had figured...