Related papers: Fraud Detection using Data-Driven approach

With an increase in financial accounting fraud in the current economic scenario experienced, financial accounting fraud detection has become an emerging topics of great importance for academics, research and industries. Financial fraud is a…

Credit card plays a very important rule in today's economy. It becomes an unavoidable part of household, business and global activities. Although using credit cards provides enormous benefits when used carefully and responsibly,significant…

The UK anti-fraud charity Fraud Advisory Panel (FAP) in their review of 2016 estimates business costs of fraud at 144 billion, and its individual counterpart at 9.7 billion. Banking, insurance, manufacturing, and government are the most…

Credit card is one of the most extensive methods of instalment for both online and offline mode of payment for electronic transactions in recent times. credit cards invention has provided significant ease in electronic transactions.…

Online transaction fraud presents substantial challenges to businesses and consumers, risking significant financial losses. Conventional rule-based systems struggle to keep pace with evolving fraud tactics, leading to high false positive…

As online fraud becomes more sophisticated and pervasive, traditional fraud detection methods are struggling to keep pace with the evolving tactics employed by fraudsters. This paper explores the transformative role of machine learning in…

Gaining the trust and confidence of customers is the essence of the growth and success of financial institutions and organizations. Of late, the financial industry is significantly impacted by numerous instances of fraudulent activities.…

The expansion of the electronic commerce, together with an increasing confidence of customers in electronic payments, makes of fraud detection a critical factor. Detecting frauds in (nearly) real time setting demands the design and the…

The inception of AI-based fraud detection systems has presented the banking sector across the globe the opportunity to enhance fraud prevention mechanisms. However, the extent of adoption in Nigeria has been slow, fragmented, and…

In the age of digital finance, detecting fraudulent transactions and money laundering is critical for financial institutions. This paper presents a scalable and efficient solution using Big Data tools and machine learning models. We utilize…

Credit and debit cards, rather than actual money, have become the universal payment means. With these cards, it has become possible to buy expensive items easily without an additional complex authentication procedure being conducted.…

The landscape of financial transactions has grown increasingly complex due to the expansion of global economic integration and advancements in information technology. This complexity poses greater challenges in detecting and managing…

In the faceless world of the Internet,online fraud is one of the greatest reasons of loss for web merchants.Advanced solutions are needed to protect e businesses from the constant problems of fraud.Many popular fraud detection algorithms…

The rapid expansion of e-commerce and the widespread use of credit cards in online purchases and financial transactions have significantly heightened the importance of promptly and accurately detecting credit card fraud (CCF). Not only do…

This systematic literature review examines the role of machine learning in fraud detection within digital banking, synthesizing evidence from 118 peer-reviewed studies and institutional reports. Following the PRISMA guidelines, the review…

Credit card has become popular mode of payment for both online and offline purchase, which leads to increasing daily fraud transactions. An Efficient fraud detection methodology is therefore essential to maintain the reliability of the…

Detection of a Fraud transaction on credit cards became one of the major problems for financial institutions, organizations and companies. As the global financial system is highly connected to non-cash transactions and online operations…

In the era of the digitally driven economy, where there has been an exponential surge in digital payment systems and other online activities, various forms of fraudulent activities have accompanied the digital growth, out of which credit…

Machine learning models have widely been used in fraud detection systems. Most of the research and development efforts have been concentrated on improving the performance of the fraud scoring models. Yet, the downstream fraud alert systems…

Credit card fraud detection is a very challenging problem because of the specific nature of transaction data and the labeling process. The transaction data is peculiar because they are obtained in a streaming fashion, they are strongly…