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The rise of digital payments has caused consequential changes in the financial crime landscape. As a result, traditional fraud detection approaches such as rule-based systems have largely become ineffective. AI and machine learning…

Cryptography and Security · Computer Science 2021-03-05 E. Kurshan , H. Shen

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…

Statistical Finance · Quantitative Finance 2025-10-09 Dawei Cheng , Yao Zou , Sheng Xiang , Changjun Jiang

Recently, financial institutes have been dealing with an increase in financial crimes. In this context, financial services firms started to improve their vigilance and use new technologies and approaches to identify and predict financial…

Machine Learning · Computer Science 2021-05-25 Zeinab Rouhollahi

Financial fraud refers to the act of obtaining financial benefits through dishonest means. Such behavior not only disrupts the order of the financial market but also harms economic and social development and breeds other illegal and…

Machine Learning · Computer Science 2025-12-16 Yuxin Dong , Jianhua Yao , Jiajing Wang , Yingbin Liang , Shuhan Liao , Minheng Xiao

As the availability of financial services online continues to grow, the incidence of fraud has surged correspondingly. Fraudsters continually seek new and innovative ways to circumvent the detection algorithms in place. Traditionally, fraud…

Machine Learning · Computer Science 2024-11-25 Prashank Kadam

Credit card fraud is a major issue nowadays, costing huge money and affecting trust in financial systems. Traditional fraud detection methods often fail to detect advanced and growing fraud techniques. This study focuses on using Graph…

Cryptography and Security · Computer Science 2025-04-01 Irin Sultana , Syed Mustavi Maheen , Naresh Kshetri , Md Nasim Fardous Zim

Financial crime is a large and growing problem, in some way touching almost every financial institution. Financial institutions are the front line in the war against financial crime and accordingly, must devote substantial human and…

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

Graph-based Neural Networks (GNNs) are recent models created for learning representations of nodes (and graphs), which have achieved promising results when detecting patterns that occur in large-scale data relating different entities. Among…

Machine Learning · Computer Science 2021-08-20 Ronald D. R. Pereira , Fabrício Murai

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

Adoption of AI by criminal entities across traditional and emerging financial crime paradigms has been a disturbing recent trend. Particularly concerning is the proliferation of generative AI, which has empowered criminal activities ranging…

Machine Learning · Computer Science 2024-10-15 Eren Kurshan , Dhagash Mehta , Bayan Bruss , Tucker Balch

Credit card fraud is an ongoing problem for almost all industries in the world, and it raises millions of dollars to the global economy each year. Therefore, there is a number of research either completed or proceeding in order to detect…

Machine Learning · Computer Science 2020-07-30 Yusuf Yazici

Graph embedding technics are studied with interest on public datasets, such as BlogCatalog, with the common practice of maximizing scoring on graph reconstruction, link prediction metrics etc. However, in the financial sector the important…

Social and Information Networks · Computer Science 2019-03-15 Sida Zhou

Card payment fraud is a serious problem, and a roadblock for an optimally functioning digital economy, with cards (Debits and Credit) being the most popular digital payment method across the globe. Despite the occurrence of fraud could be…

Cryptography and Security · Computer Science 2020-12-01 Bemali Wickramanayake , Dakshi Kapugama Geeganage , Chun Ouyang , Yue Xu

Fraud detection problems are usually formulated as a machine learning problem on a graph. Recently, Graph Neural Networks (GNNs) have shown solid performance on fraud detection. The successes of most previous methods heavily rely on rich…

Machine Learning · Computer Science 2021-10-05 Chen Wang , Yingtong Dou , Min Chen , Jia Chen , Zhiwei Liu , Philip S. Yu

Large digital platforms create environments where different types of user interactions are captured, these relationships offer a novel source of information for fraud detection problems. In this paper we propose a framework of relational…

Financial fraud detection is an important problem with a number of design aspects to consider. Issues such as algorithm selection and performance analysis will affect the perceived ability of proposed solutions, so for auditors and…

Cryptography and Security · Computer Science 2016-01-07 J. West , Maumita Bhattacharya

This study investigates fraud detection in ride hailing platforms through Graph Neural Networks (GNNs),focusing on the effectiveness of various models. By analyzing prevalent fraudulent activities, the research highlights and compares the…

Money laundering and financial fraud remain major threats to global financial stability, costing trillions annually and challenging regulatory oversight. This paper reviews how artificial intelligence (AI) applications can modernize…

Artificial Intelligence · Computer Science 2025-12-09 Chuanhao Nie , Yunbo Liu , Chao Wang

The rise of digital ecosystems has exposed the financial sector to evolving abuse and criminal tactics that share operational knowledge and techniques both within and across different environments (fiat-based, crypto-assets, etc.).…

Machine Learning · Computer Science 2025-09-17 Francesco Zola , Jon Ander Medina , Andrea Venturi , Amaia Gil , Raul Orduna
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