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This detailed collateral document provides an in-depth look into the innovative strategies and technological solutions implemented by The Lottery Corporation to address and mitigate fraud within its lottery operations. Handling over one million lottery ticket transactions daily, the corporation faces a monumental task in ensuring the integrity and security of its processes. Partnered with IPC Global, the document outlines how the application of advanced data analytics, mathematics, and statistics enables the detection of subtle patterns indicative of fraudulent activity across billions of transactional data points. Utilizing Qlik's powerful Associative Engine for data compression and On-demand App Generation (ODAG) for detailed transaction analysis, the corporation has integrated a fraud detection system that combines Qlik Script and Python algorithms. This system not only identifies over 50 types of fraudulent activities through transactional data analysis but also empowers analysts with real-time detection capabilities, significantly reducing the financial risks associated with fraud. The collaboration between analysts and the automated system exemplifies a cutting-edge approach to fraud prevention, ensuring the ongoing security and reliability of lottery operations. Deployed and Implemented by IPC Global Data Analytics Team.
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