Fraud Model Governance

Payments Networks  ·  5 min read

Fraud Model Governance: The Degradation You Are Not Measuring

Fraud patterns evolve continuously. A fraud model trained today will be less accurate in six months and significantly less accurate in eighteen months, not because the model was poor but because the environment it was trained to address has changed. The models that are not being continuously monitored and refreshed are degrading right now. Most networks do not have the monitoring infrastructure to know by how much.