Make sense of large amounts of data by summarizing it into meaningful variables.

Why Are They Useful?

Understanding the utility of functions is best illustrated through examples. By using functions, you can create variables to:

  • Check Recent Transactions: Determine if a transaction occurred within the last 30 days.
  • Identify Significant Changes: Verify if the current transaction is 200% higher than the average of past transactions.
  • Sanction List Matching: Check if the sender's name closely matches a name on a sanctions list.
  • Detect Abnormal Activity: Identify if the number of transactions has increased abnormally.