WSO2 to Present Session on Best Practices for Real-Time Fraud Detection at Apache Big Data Europe 2015

Expert on financial IT solutions will examine technologies, such as complex event processing and machine learning, for implementing simple yet effective real-time fraud detection

Mountain View, CA – September 24, 2015 – Online fraud grows increasingly complex as savvy criminals learn to counter anti-fraud measures using technology and advanced statistical models. At Apache Big Data Europe 2015, WSO2 Technical Lead Seshika Fernando will discuss how enterprises can strike a balance between preventing fraud in real-time and avoiding invasive approaches that drive customers away. The event runs September 28-30, 2015 at the Corinthia Hotel in Budapest, Hungary.

Seshika’s presentation, “Catch Them in the Act – Fraud Detection in Real Time,” will be held 2:00 – 2:50 p.m. on Monday, September 28, 2015 in the Arany venue. In this session, she will examine a number of technologies and tactics for implementing simple yet effective real-time fraud detection. These will include how:

  • Anomalies can be detected in real time using complex event processing (CEP).
  • Markov modeling provides a great approach to detecting rare activity sequences.
  • Machine learning can be applied to intensify fraud detection.
  • Scoring functions can be used to reduce false positives.
  • Visualizations can enable analysts to further crack down on relationships in large fraud rings.
  • About the Presenter

    Seshika Fernando is a technical lead at WSO2 and focuses on the applications of WSO2’s middleware platform in financial markets. Throughout her career, she has had extensive experience in providing technology for stock exchanges, regulators, and investment banks from across the globe. Her current area of interest is in real-time anomaly detection and its usage in e-commerce.

    About Apache Big Data Europe

    Apache: Big Data will gather together the Apache projects, people and technologies working in big data, ubiquitous computing and data engineering and science to educate, collaborate and connect in a completely project-neutral environment. It is the only event that brings together the full suite of big data open source projects. The conference will cover the issues, technologies, techniques and best practices that are shaping the data ecosystem across a wide range of industries including finance, business, manufacturing, government and academia, media, energy and retail. Visit http://events.linuxfoundation.org/events/apache-big-data-europe to learn more.

    About WSO2

    WSO2 delivers on the promise of the connected business with the only completely integrated enterprise platform that enables businesses to build, integrate and manage their APIs, applications, and Web services on-premises, in the cloud, and on mobile devices. Leading enterprise customers worldwide rely on WSO2’s award-winning 100% open source platform and its robust governance and DevOps functionality for their mission-critical applications. Today, these businesses represent nearly every sector: health, financial, retail, logistics, manufacturing, travel, technology, telecom and more. Visit http://wso2.com or check out the WSO2 community on the WSO2 Blog, Twitter, LinkedIn and Facebook.

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