AWS for Industries
Accelerating Fraud Detection in Financial Services with NVIDIA RAPIDS™ Accelerator for Apache Spark on AWS
Transaction fraud poses a growing challenge that financial institutions struggle to combat effectively. Recent estimates forecast that payment fraud will exceed $326 billion for the period between 2023 and 2028, with remote purchases of physical goods accounting for over 47 percent of fraud losses¹. Legacy CPU-based systems rely on sequential processing, leading to increased operational […]
