New Delhi, Oct. 6 -- Fraud is no longer an exception-it has become widespread. The Ministry of Home Affairs estimates that in the first five months of 2025, Indians lost Rs.7,000 crore to online fraud. A 2025 report from the Association of Financial Professionals found that 79% of US organizations experienced fraud attacks or attempts in 2024.

Banks and credit card companies often reimburse fraud victims, incurring heavy losses in the process. As a countermeasure, they invest significant resources in detecting and preventing fraud before it occurs. Traditionally, financial institutions have relied on manual reviews and simple rules-based systems.

However, these systems are resource-intensive and cannot scale. Rules-based models employ s...