Can you tell us something about the PayPal India Development Centers and the technologies that they are involved with?
PayPal has three world-class Global Technology Centers in Chennai, Bangalore, and Hyderabad which employ over 4000 highly skilled engineers. These are PayPal’s largest centers outside of the U.S. and focus on a wide range of technology from AI to Blockchain, thus leading the tech revolution when it comes to money management.
The technology centers house a best-in-class team of software developers, architects, user experience engineers, web developers, data scientists, analysts, program managers, and operations agents, among others. They work across Risk, Payments, Consumer, Merchant, Operations, Data, Data Science, reporting, etc. to provide cutting-edge digital payment solutions to our customers worldwide, and are integral to driving our transformation.
We are committed to making a positive difference in the world. Our ability to deliver on our mission of democratizing financial services and capabilities starts from the inside; by building a global team of employees that reflects the communities where we work and live, and the diversity of the customers we serve.
One of our biggest success stories is our commitment towards ensuring consumers' safe and secure payment experience. In our initial days, we approached fraud detection much like any other bank would and that meant using traditional technologies, such as logistic regressions. Over the last decade, we upped our fraud-fighting game by using more advanced technologies, such as neural networks and Gradient Boosted Trees (GBTs), which one could argue was the second phase of the company’s journey which led to significantly higher levels of accuracy.
This story is from the August 2020 edition of PCQuest.
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This story is from the August 2020 edition of PCQuest.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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