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Credit card fraud detection is a critical challenge in the financial sector, demanding sophisticated approaches to accurately identify fraudulent transactions. This research proposes an innovative methodology combining Neural Networks (NN)…

Computational Engineering, Finance, and Science · Computer Science 2024-05-02 Mengran Zhu , Ye Zhang , Yulu Gong , Changxin Xu , Yafei Xiang

With the increase of credit card usage, the volume of credit card misuse also has significantly increased. As a result, financial organizations are working hard on developing and deploying credit card fraud detection methods, in order to…

Machine Learning · Computer Science 2019-12-09 Niloofar Yousefi , Marie Alaghband , Ivan Garibay

Decentralized Finance (DeFi), a financial ecosystem without centralized controlling organization, has introduced a new paradigm for lending and borrowing. However, its capital efficiency remains constrained by the inability to effectively…

Risk Management · Quantitative Finance 2025-03-26 Rik Ghosh , Arka Datta , Vidhi Aggarwal , Sudipan Sinha , Rajdeep Sengupta

We use machine learning techniques to investigate whether it is possible to replicate the behavior of bank managers who assess the risk of commercial loans made by a large commercial US bank. Even though a typical bank already relies on an…

Econometrics · Economics 2022-02-10 Matthew Harding , Gabriel F. R. Vasconcelos

This comprehensive survey deliberated over the security of electronic payment systems. In our research, we focused on either dominant systems or new attempts and innovations to improve the level of security of the electronic payment…

Cryptography and Security · Computer Science 2017-01-18 Siamak Solat

In this paper, distributed energy management of interconnected microgrids, which is stated as a dynamic economic dispatch problem, is studied. Since the distributed approach requires cooperation of all local controllers, when some of them…

Systems and Control · Computer Science 2018-09-17 Wicak Ananduta , José María Maestre , Carlos Ocampo-Martinez , Hideaki Ishii

Financial fraud is an issue with far reaching consequences in the finance industry, government, corporate sectors, and for ordinary consumers. Increasing dependence on new technologies such as cloud and mobile computing in recent years has…

Cryptography and Security · Computer Science 2015-10-27 J. West , Maumita Bhattacharya , R. Islam

In this paper, we present a novel distributed state estimation approach in networked DC microgrids to detect the false data injection in the microgrid control network. Each microgrid monitored by a distributed state estimator will detect if…

Optimization and Control · Mathematics 2019-07-09 Tuyen Vu , Bang Le

Assessment of risk levels for existing credit accounts is important to the implementation of bank policies and offering financial products. This paper uses cluster analysis of behaviour of credit card accounts to help assess credit risk…

Statistical Finance · Quantitative Finance 2019-02-13 Maha Bakoben , Tony Bellotti , Niall Adams

Decentralized, offline, and privacy-preserving e-cash could fulfil the need for both scalable and byzantine fault-resistant payment systems. Existing offline anonymous e-cash schemes are unsuitable for distributed environments due to a…

Cryptography and Security · Computer Science 2023-03-16 Alfredo Rial , Ania M. Piotrowska

We present a new model for distributed shared memory systems, based on remote data accesses. Such features are offered by network interface cards that allow one-sided operations, remote direct memory access and OS bypass. This model leads…

Distributed, Parallel, and Cluster Computing · Computer Science 2015-03-17 Franck Butelle , Camille Coti

The advent of cardless artificial intelligence (AI) banking heralds a paradigm shift in the financial landscape, offering users unprecedented security and convenience. This paper outlines a comprehensive framework designed to enhance…

Cryptography and Security · Computer Science 2026-05-22 Md Israfeel

With the proliferation of various online and mobile payment systems, credit card fraud has emerged as a significant threat to financial security. This study focuses on innovative applications of the latest Transformer models for more robust…

Machine Learning · Computer Science 2024-11-13 Chang Yu , Yongshun Xu , Jin Cao , Ye Zhang , Yinxin Jin , Mengran Zhu

The project envisages the implementation of an e-payment system utilizing FIPS-201 Smart Card. The system combines hardware and software modules. The hardware module takes data insertions (e.g. currency notes), processes the data and then…

Computational Engineering, Finance, and Science · Computer Science 2014-02-04 Ms. Rumaisah Munir

Using sensors as a means to achieve self-awareness and artificial intelligence for decision-making, may be a way to make complex systems self-adaptive, autonomous and resilient. Investigating the combination of distributed artificial…

Robotics · Computer Science 2024-04-10 Oxana Shamilyan , Ievgen Kabin , Zoya Dyka , Peter Langendoerfer

The detection of frauds in credit card transactions is a major topic in financial research, of profound economic implications. While this has hitherto been tackled through data analysis techniques, the resemblances between this and other…

Social and Information Networks · Computer Science 2017-06-08 Massimiliano Zanin , Miguel Romance , Santiago Moral , Regino Criado

Credit card fraud causes significant financial losses and frequently occurs as fraud attack, defined as short-term sequence of fraudulent transactions associated with high transaction rates and amounts, business areas historically tied to…

Optimization and Control · Mathematics 2025-03-27 Alexander Stotsky

Artificial Intelligence (AI) is an important driving force for the development and transformation of the financial industry. However, with the fast-evolving AI technology and application, unintentional bias, insufficient model validation,…

Machine Learning · Statistics 2019-12-17 Yukun Zhang , Longsheng Zhou

Distributed online optimization and game have been increasingly researched in the last decade, mostly motivated by its wide applications in sensor networks, robotics (e.g., distributed target tracking and formation control), smart grids,…

Machine Learning · Computer Science 2023-01-24 Xiuxian Li , Lihua Xie , Na Li

Trade-offs between accuracy and efficiency pervade law, public health, and other non-computing domains, which have developed policies to guide how to balance the two in conditions of uncertainty. While computer science also commonly studies…

Computers and Society · Computer Science 2021-10-05 A. Feder Cooper , Karen Levy , Christopher De Sa