AI Meets Finance

The Challenge

Data

The simulated data comes from transactions between thousands of customers (a total of 11,000) in a mobile banking network. Most users behave according to a statistical model that describes normal behavior. However, some of them commit fraud.

Task

The goal is to identify the fraudulent accounts based on their transaction behavior. For the Student Track an initial set of features is provided, but discovering new, more informative features is additionally rewarded. The fraudster populations in the student and in the Professional Track differ, so both tracks offer different challenges.

Results