as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
design an ai-based process to detect fraudulent activities in financial transactions.
user
the ai-based process to detect fraudulent activities in financial transactions should involve data analysis of a variety of aspects, such as customer information, transaction details, merchant details and payment history. the ai process should use algorithms to identify patterns and detect anomalies in the data. these patterns and anomalies can then be used to flag transactions that are suspicious or fraudulent. additionally, the ai-based process should set customizable thresholds to ensure that unusual transactions are monitored and investigated.
assistant