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This paper proposes a Trans-XFed architecture that combines federated learning with explainable AI techniques for supply chain credit assessment. The proposed model aims to address several key challenges, including privacy, information…

Machine Learning · Computer Science 2025-08-20 Jie Shi , Arno P. J. M. Siebes , Siamak Mehrkanoon

The rise of algorithmic decision-making has spawned much research on fair machine learning (ML). Financial institutions use ML for building risk scorecards that support a range of credit-related decisions. Yet, the literature on fair ML in…

Machine Learning · Statistics 2022-06-20 Nikita Kozodoi , Johannes Jacob , Stefan Lessmann

This article examines the evolving landscape of artificial intelligence (AI) regulation in financial services, detailing the legal frameworks and compliance challenges posed by rapid technological adoption. By reviewing current legislation,…

Computers and Society · Computer Science 2025-03-25 Shahmar Mirishli

Artificial intelligence (AI) is transforming financial planning by expanding access, lowering costs, and enabling dynamic, data-driven advice. Yet without clear safeguards, digital platforms risk reproducing longstanding market…

General Economics · Economics 2025-09-15 Runhuan Feng , Hong Li , Ming Liu

Federated Learning (FL) is a privacy-enhancing technology for distributed ML. By training models locally and aggregating updates - a federation learns together, while bypassing centralised data collection. FL is increasingly popular in…

Machine Learning · Computer Science 2024-08-16 Oscar Dilley , Juan Marcelo Parra-Ullauri , Rasheed Hussain , Dimitra Simeonidou

AI systems are increasingly used in high-stakes domains such as credit rating, where fairness concerns are critical. Existing fairness assessments are typically conducted by AI experts or regulators using predefined protected attributes and…

Computers and Society · Computer Science 2026-02-10 Lin Luo , Satwik Ghanta , Yuri Nakao , Mathieu Chollet , Simone Stumpf

Credit scoring is vital in the financial industry, assessing the risk of lending to credit card applicants. Traditional credit scoring methods face challenges with large datasets and data imbalance between creditworthy and non-creditworthy…

Computational Engineering, Finance, and Science · Computer Science 2024-09-26 Kejian Tong , Zonglin Han , Yanxin Shen , Yujian Long , Yijing Wei

Envisioning a new imaginative idea together is a popular human need. Imagining together as a team can often lead to breakthrough ideas, but the collaboration effort can also be challenging, especially when the team members are separated by…

Artificial Intelligence · Computer Science 2019-06-11 Rajagopal. A , Nirmala. V

The integration of Artificial Intelligence into sustainable finance represents a transformative paradigm shift in how Environmental, Social, and Governance factors are analyzed, predicted, and incorporated into investment decisions. This…

Computational Engineering, Finance, and Science · Computer Science 2026-05-26 Eduardo C. Garrido-Merchán , Esther Vaquero Lafuente , Elisa Aracil

The rapid advancements in artificial intelligence (AI) have presented new opportunities for enhancing efficiency and economic competitiveness across various industries, espcially in banking. Machine learning (ML), as a subset of artificial…

Cryptography and Security · Computer Science 2024-12-09 Ana Kovacevic , Sonja D. Radenkovic , Dragana Nikolic

The effectiveness of machine learning in evaluating the creditworthiness of loan applicants has been demonstrated for a long time. However, there is concern that the use of automated decision-making processes may result in unequal treatment…

Machine Learning · Computer Science 2023-06-23 Darie Moldovan

In this paper, the credit scoring problem is studied by incorporating networked information, where the advantages of such incorporation are investigated theoretically in two scenarios. Firstly, a Bayesian optimal filter is proposed to…

Theoretical Economics · Economics 2019-11-01 Yibei Li , Ximei Wang , Boualem Djehiche , Xiaoming Hu

Fraudulent transactions and how to detect them remain a significant problem for financial institutions around the world. The need for advanced fraud detection systems to safeguard assets and maintain customer trust is paramount for…

Machine Learning · Computer Science 2023-12-22 Tomisin Awosika , Raj Mani Shukla , Bernardi Pranggono

The Uniform Appraisal Dataset (UAD) 3.6's mandatory 2026 implementation transforms residential property valuation from narrative reporting to structured, machine-readable formats. This paper provides the first comprehensive analysis of this…

Computers and Society · Computer Science 2025-08-06 Petteri Teikari , Mike Jarrell , Maryam Azh , Harri Pesola

Nowadays, financial data analysis is becoming increasingly important in the business market. As companies collect more and more data from daily operations, they expect to extract useful knowledge from existing collected data to help make…

Artificial Intelligence · Computer Science 2016-09-13 Fan Cai , Nhien-An Le-Khac , M-T. Kechadi

Federated learning (FL) is a privacy-preserving machine learning paradigm that enables multiple parties to collaboratively train models on privately owned data without sharing raw information. While standard FL typically addresses either…

Machine Learning · Computer Science 2026-02-24 Afsana Khan , Marijn ten Thij , Guangzhi Tang , Anna Wilbik

This report examines Artificial Intelligence (AI) in the financial sector, outlining its potential to revolutionise the industry and identify its challenges. It underscores the criticality of a well-rounded understanding of AI, its…

In recent years, financial fraud detection systems have become very efficient at detecting fraud, which is a major threat faced by e-commerce platforms. Such systems often include machine learning-based algorithms aimed at detecting and…

Cryptography and Security · Computer Science 2023-12-05 Chen Doytshman , Satoru Momiyama , Inderjeet Singh , Yuval Elovici , Asaf Shabtai

Training ML models which are fair across different demographic groups is of critical importance due to the increased integration of ML in crucial decision-making scenarios such as healthcare and recruitment. Federated learning has been…

Machine Learning · Computer Science 2022-11-28 Yahya H. Ezzeldin , Shen Yan , Chaoyang He , Emilio Ferrara , Salman Avestimehr

The presence of Super-Apps have changed the way we think about the interactions between users and commerce. It then comes as no surprise that it is also redefining the way banking is done. The paper investigates how different interactions…

Machine Learning · Computer Science 2021-02-22 Luisa Roa , Andrés Rodríguez-Rey , Alejandro Correa-Bahnsen , Carlos Valencia