AU Small Finance Bank Fraud and Risk Analyst Interview Questions and Answers

Debit and credit processes involve recording financial transactions in a bank account.

• Debit transactions decrease the account balance, while credit transactions increase it.

• Debit cards are used to make payments directly from the account balance.

• Credit cards allow users to borrow money up to a certain limit.

• Debits and credits are recorded in the bank's ledger to track account activity.

• Bank statements show a summary of d...read more

Developed a fraud detection system using machine learning algorithms

• Used Python for data preprocessing and model building

• Implemented logistic regression and random forest algorithms

• Evaluated model performance using precision, recall, and F1 score

• Tested the system on real-world financial data to identify fraudulent transactions

I chose the banking sector due to its dynamic nature, opportunities for growth, and the chance to work with cutting-edge technology.

• Opportunities for career growth and advancement

• Dynamic nature of the industry

• Chance to work with cutting-edge technology