Implementing an AI-Driven Risk-Management and Fraud-Prevention System for Real-Time Application-Fraud Detection in Buy-Now-Pay-Later Lending: A Simulation-Based Evaluation
Background. Buy-now-pay-later (BNPL) lenders approve or decline loan applications in real time, and the fraud patterns those decisions must catch change as fraud rings adapt, genuine applicant behaviour evolves, and seasonal demand shifts. Guria et al....