Helio

A

Continues Real-Time Fraud Detection and Monitoring Solution

Amir Sedighi - 2015 2 /

Speaker Background● Senior Software Engineer

– BS and MS degrees in Software Engineering

– +20 Years of Programming Experience● Business Application Development● Log Management and Forensic● Big-Data Visualization● Data Warehouse● Recommender Systems (http://recommender.ir) ● Analytical Real-Time Search Engines● Digital Library/Hadoop Integration● Real-Time Event Processing (http://helio.ir)

● Online Resume

– http://linkedin.com/in/amirsedighi● Email: sedighi@gmail.com

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Amir Sedighi - 2015 3 /

Outline

● How big is the problem?● Who will be affected?● Some fraud scenarios● How Helio works?● What Helio brings into your business?● Technical and Operational Advantages

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How big is the problem?

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● Its $ 4 Trillion BIG!● Forrester Research Findings

– $ 4 Trillion in Global Losses pre year– This amounts to 5% of Global GDP– Globally, Merchants are paying $200 - $250 Billion in Fraud losses– Finanial Services losing $ 12 – 15 Billion

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Who will be affected?

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Card Transaction Fraud

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Mobile Banking Fraud

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Online Banking

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Who should be worried?

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Some Fraud Scenarios

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Some Fraud Scenarios

1) Fake transactions2) Buy Expensive stuff3) In Large Quanitities4) Very quickly5) At odd hours6) Ship to many places7) Provide weird email addresses8) Trying wrong passwords

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Scoring

Score            =   itemPrice  *  0.0001

+ itemQuan:ty  *  0.1

+   isFreeEmail  *  2.5

+ highRiskCountry  *  10

+ suspiciousUsername  *  5

+   suspiciousIPRange  *  10  30

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How Helio works?

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Banking Transactions

1) Customer level transaction2) Bank/PSP leve transaction

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Data Collection

1) Customer level transaction2) Bank/PSP leve transaction3) Streams of data based on Log, JDBC or REST API Call

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Big-Data and Data Streaming

1) Customer level transaction2) Bank/PSP leve transaction3) Streams of data based on Log, JDBC or REST API Call4) Data Streaming5) Data Processing and Alarms

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Real-Time Detection

1) Customer level transaction2) Bank/PSP leve transaction3) Streams of data based on Log, JDBC or REST API Call4) Data Streaming5) Data Processing and Alarms6) Insight

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What Helio brings into your business?

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Speed!

● Real-Time Fraud Detection● Real-Time Risk Assesment● Real-Time Monitoring ● Real-Time Insight

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Helio, Technical and Operationl Advanages

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Uniformation and Abstraction

● Unifies data streams and batch data processing– Running complex queries as joining tabular data and data streams – Old and new data are the same

● Diferent data stores and technologies are most welcome– RDBMS, NoSQL, Plain Text...

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Helio is Elastic!

● Helio is scalable● Helio is distributed● Helio lives in the clouds

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Helio is extreme easy to program and use!

● Helio provides a very high level scripting SQL-like language● Helio can be programmed utilizing Java and Scala as well

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Event and Pattern Recognition

● Combining data from multiple, non-homogeneous sources to recognize events that lead to more complicated status

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Fantastic BI and flexible GUI

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Refrences

● https://www.forrester.com/● http://helio.ir● http://www.slideshare.net/donsquire/presentation-on-fraud-prevention-detection-control● http://www.slideshare.net/INSOFE/fraud-detection-15399010

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Thank You!

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