The data science team at a prominent Kenyan bank had created something remarkable.
Their fraud detection model achieved 96% accuracy on historical transaction data, identifying patterns that human analysts missed entirely.
The board approved a $2.5 million investment for full deployment. Eighteen months later, the system was flagging legitimate purchases as suspicious while missing obvious fraudulent transactions.
Customer…
At 3 AM on a Tuesday, the customer service team at a Nigerian fintech company received an unusual surge of complaints.
Their loan approval system had denied applications from creditworthy customers while approving risky borrowers.
The AI model powering their credit decisions had been working without a hitch for eighteen months.
What changed? Nothing obvious. The system appeared…
A senior data scientist at a leading fintech startup spent three weeks building what should have been a breakthrough fraud detection model.
The algorithm was elegant, the code was clean, and initial tests looked promising. Then came production deployment.
Within hours, the system was flagging legitimate transactions as fraudulent while missing obvious scams.
The culprit? Training data is…
