Articulo

The Signal Processing Group (GTS) of the Institute of Telecommunications and

Multimedia Applications (iTEAM) of the Technical University of Valencia (Spain)
works with BBVA, particularly with the Department for Innovation Risk, Fraud &
Security, in the development of algorithms for automatic detection of fraud in credit
card payments.

As noted by Addisson Salazar, GTS-iTEAM researcher at the UPV, this is a critical

problem that affects a large number of financial institutions and presents significant
technological challenges, "high volume of data to process, rapid and continuing
changes in the models fraud, mimic legitimate behavior by fraudsters, requirements
of low false alarm rate, high detectability and need for real-time operation of the
detector. "

UPV researchers bring to this partnership its extensive experience in signal

detection and classification and related areas such as data mining and Machine
learning systems. "These are systems that can learn to make decisions based on
training data. For example, in the case before us, if we have a database of millions of
card transactions records that we know are right and thousands of records of
transactions we know to be fraudulent, we can train a system (machine) to decide if a
new transaction is not included in the database is incorrect or fraudulent, "explains
Luis Vergara, head of GTS-iTEAM of the UPV.
From its laboratories, researchers at the UPV are developing novel algorithmic
adapted to this problem, based heavily on the fusion of different types of detectors.
Also noteworthy is the ability to retrain continuously algorithms facilitating their
adaptation to changing patterns of fraud.

For its part, the Innovation team for Risk, Fraud & Security of BBVA, which has a
strong commitment to the fight against banking fraud, opened this line of research to
complement and expand its internal mechanisms for preventing technological fraud.

This initiative is part of an increasingly widespread use of Big Data in different areas
of the BBVA Group.

Comentario
Segn destaca Luis Vergara, el trabajo desarrollado desde sus laboratorios responde
al compromiso de BBVA por incorporar innovaciones tecnolgicas, en algunos casos
experimentadas en otros mbitos, en sus estrategias de lucha contra el fraude. Por
ello mantiene frecuentes colaboraciones con universidades y apoya a grupos de
investigacin, como el GTS, posibilitando la incorporacin de mtodos en el estado del
arte, en la resolucin de sus retos especficos de seguridad informtica, concluye
Vergara. (Fuente: UPV/DICYT)