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Payments Fraud Detection Model

Project Overview

Needed a robust fraud detection framework to reduce fraud incidents in the payment gateway system, enhance customer trust, and address concerns about transaction security.

Key Features

  • Machine learning-based fraud detection model.
  • Seamless integration with the existing payment gateway.
  • Addressed customer feedback and pain points around transaction security.

My Role

As the product manager, I:

  • Led a cross-functional team of 10 engineers and data scientists.
  • Gathered customer insights through surveys to improve the fraud detection model.
  • Oversaw the development and implementation of the fraud model.

Results

  • Reduced fraud incidents by 35%.
  • Increased customer trust and satisfaction by 25%.
  • Saved the company $2 million annually in fraud-related losses.

Customer Feedback

Positive feedback on the enhanced transaction security helped improve the overall user experience.

Documentation