Delaware State Business students won $6,000 for their hand in an artificial intelligence competition.
Skills in working with AI earned the four students of the “Fraud Busters” $1,500 each.
They developed a machine learning model and analyzed transaction data.
Using AI, they were able to figure out which transactions are fraud and which are real.
Team member Keon Caison says the team has learned a lot from the competition.
“We learned how to stimulate AI, or ask questions,” says Caison. “We learned a lot about fraud, and we also learned more basics of coding, which really has nothing to do with our majors, so that was a plus.”
The data analytics company FICO ran the competition with the college and provided the winners with prizes.
FICO’s Chief Analytics Officer, Dr. Scott Zoldi, says the company has enjoyed working with the students and the “next generation of data scientists.”
“The students did a fantastic job taking on the challenge of financial fraud and learning how to develop specialized models to detect fraud,” Zoldi said. “Congratulations to the Fraud Busters for taking first place, but all teams are winners and should be very proud of their achievements. work,” said Dr. Zoldi.
FICO has protected companies from fraud in more than 100 countries, improved financial inclusion and increased supply chain resilience.
