Project RADAR: Intelligent Early Fraud Detection System with Humans in the Loop

Project RADAR: Intelligent Early Fraud Detection System with Humans in the Loop

摘要

Uber is a worldwide marketplace of services, processing thousands of monetary transactions every second. As a marketplace, Uber takes on all of the risks associated with payment processing. Uber partners who use the marketplace to provide services are paid for their work even if Uber was unable to collect the payment. Fraud response is thus a very important operational component of Uber’s global marketplace.

Industry-wide, payment fraud losses are measured in terms of the fraction of gross amounts processed. Though only a small fraction of gross bookings, these losses impact profits significantly. Furthermore, if a fraudulent activity is not discovered and mitigated immediately, it could soon be further exploited, resulting in serious losses for the company. These dynamics make early fraud detection vital to the company’s financial health.

Modern fraud detection systems are a combination of classic 1980s AI (also known as an “expert system”) and modern machine learning. We would like to share the journey on how we build the best-in-class automatic fraud detection system and process, leveraging both machine algorithms and human knowledge.