totally false. Machine learning is not my companies core competency, but we do have a team of data scientists (myself included). Most of the data we get from our data providers is garbage by itself, but using our own data along with features from providers, we are able to pick out a huge amount of fraud.
These types of models are actually quite simple to build and implement if you actually have data.
These types of models are actually quite simple to build and implement if you actually have data.