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Title
AME Digital builds a machine learning fraud detection model on Databricks reaching 90% accuracy
…rd, the impact of Databricks was particularly evident in fraud prevention, with AME Digital’s fraud detection model achieving a 90% accuracy rate. For Helena Valente, Data Strategist at Eleflow, “Working with Databricks has b…
Description
AME Digital, a Brazilian fintech digital wallet with over 33 million customers, used Delta Lake, MLflow and Unity Catalog on the Databricks Data + AI Platform to unify over 700 previously siloed datasets and build a fraud detection algorithm that analyzes transactions in real time to flag suspicious behavior before it occurs. The model reached 90% accuracy in fraud prevention, ran 3.2x faster than the prior on-premises pipeline, and helped cut operational costs by 34% and job execution time from 5.5 hours to 50 minutes.
…ipeline (vs. on-premises) 38% Reduction in data management costs AME Digital, a digital wallet for payments in Brazil, is on a mission to change people’s relationship with money. With more than 33…
…Using Delta Lake, the optimized foundational storage layer within the platform, AME has successfully centralized over 700 datasets. This is crucial for tackling fraud and enhancing analytics to lower costs — tw…
…ombatting the impact of financial fraud 90% Accuracy in fraud prevention models 3.2x More speed while running the model pipeline (vs. on-premises) 38% Reduction in data management costs AME Digital, a digital wallet for paymen…
Company
AME Digital
…ing the model pipeline (vs. on-premises) 38% Reduction in data management costs AME Digital, a digital wallet for payments in Brazil, is on a mission to change people’s relationship with money. With more than 33…
Country
Brazil
…tomer and transactional data, crucial to their anti-fraud operations. Since the Brazilian-based fintech company operated within the second-largest fraud market in the world, they had already…
Industry
Financial Services
…ess as a digital leader by simply using their toolset.” Share this post Details Industry : Cybersecurity , Financial Services Cloud : Azure Product : Agent Bricks , Delta Lake , Unity Catalog Ready to get…
Problem
AME Digital managed over 700 datasets often isolated in data silos within different teams and systems, on a legacy on-premises Hadoop environment that was complex, costly and of limited scalability, which caused error-prone, resource-intensive workflows, hindered predictive fraud solutions, created regulatory compliance challenges, and drove up storage and compute costs.
…rily by escalating storage and compute costs. What complicated matters most was the existing legacy data infrastructure, based on an on-premises Hadoop environment, which posed roadblocks due to its complexity, high costs and limited scalability — bringing innovation to a standstill. “Once we grew, we needed to expand the d…
Solution
AME Digital chose the Databricks Data + AI Platform for its unified environment, using Delta Lake to centralize over 700 datasets, MLflow to manage machine learning cycles for a fraud-catching algorithm, Unity Catalog to manage and secure PII and access controls, Photon for large-scale query performance, and Power BI integration for reporting, with Databricks-certified partner Eleflow Big Data helping analyze data in real time and migrate from 1TB to over 400TB of data.
…ave all the tools we need in one place to do every task — without bottlenecks.” The AME team now uses MLflow to manage various machine learning cycles, including an algorithm that helps them catch possible fraudulent behavior while reducing their number of manual reviews. With the help of Eleflow Big Dat…
Business value
AME Digital's fraud detection model reached 90% accuracy, job execution times were cut from 5 hours 30 minutes to 50 minutes (an 85% time reduction), operational costs fell 34%, and the model pipeline ran 3.2x faster than on-premises.
…job execution times were cut from 5 hours and 30 minutes to a mere 50 minutes — an 85% time reduction in data workflows. Third, the impact of Databricks was particularly evident in fraud prevention,…
Technology
Delta Lake, MLflow, Unity Catalog, Photon, Power BI, Agent Bricks
…e this post Details Industry : Cybersecurity , Financial Services Cloud : Azure Product : Agent Bricks , Delta Lake , Unity Catalog Ready to get started? Try Databricks for free Learn more about our product Talk…
AI capabilities
Fraud & Anomaly Detection, Machine Learning
…e AME team now uses MLflow to manage various machine learning cycles, including an algorithm that helps them catch possible fraudulent behavior while reducing their number of manual reviews. With the help of Eleflow Big Dat…
Use case type
Fraud and anomaly detection
…rd, the impact of Databricks was particularly evident in fraud prevention, with AME Digital’s fraud detection model achieving a 90% accuracy rate. For Helena Valente, Data Strategist at Eleflow, “Working with Databricks has b…
Headline outcome
…r Stories / AME Digital CUSTOMER STORY Combatting the impact of financial fraud 90% Accuracy in fraud prevention models 3.2x More speed while running the model pipeline (vs. on-premises) 38% Reductio…
Deployment model
cloud
…toolset.” Share this post Details Industry : Cybersecurity , Financial Services Cloud : Azure Product : Agent Bricks , Delta Lake , Unity Catalog Ready to get started? Try D…
Deployment options
cloud
…toolset.” Share this post Details Industry : Cybersecurity , Financial Services Cloud : Azure Product : Agent Bricks , Delta Lake , Unity Catalog Ready to get started? Try D…
