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Train machine learning models on sensitive user data has raised increasing privacy concerns in many areas. Federated learning is a popular approach for privacy protection that collects the local gradient information instead of real data.…

Cryptography and Security · Computer Science 2021-05-24 Lichao Sun , Jianwei Qian , Xun Chen

The recent decade witnessed a surge of increase in financial crimes across the public and private sectors, with an average cost of scams of $102m to financial institutions in 2022. Developing a mechanism for battling financial crimes is an…

Machine Learning · Computer Science 2023-04-20 Haobo Zhang , Junyuan Hong , Fan Dong , Steve Drew , Liangjie Xue , Jiayu Zhou

In recent years, the financial sector has faced growing pressure to adopt advanced machine learning models to derive valuable insights while preserving data privacy. However, the highly sensitive nature of financial data presents…

Computational Engineering, Finance, and Science · Computer Science 2024-10-18 Peilin He , Chenkai Lin , Isabella Montoya

Federated Learning enables a population of clients, working with a trusted server, to collaboratively learn a shared machine learning model while keeping each client's data within its own local systems. This reduces the risk of exposing…

Cryptography and Security · Computer Science 2020-10-13 David Byrd , Antigoni Polychroniadou

One of the main goals of financial institutions (FIs) today is combating fraud and financial crime. To this end, FIs use sophisticated machine-learning models trained using data collected from their customers. The output of machine learning…

Federated learning (FL) is a framework for training machine learning models in a distributed and collaborative manner. During training, a set of participating clients process their data stored locally, sharing only the model updates…

Machine Learning · Computer Science 2023-10-31 Filippo Galli , Kangsoo Jung , Sayan Biswas , Catuscia Palamidessi , Tommaso Cucinotta

In recent years, privacy and security concerns in machine learning have promoted trusted federated learning to the forefront of research. Differential privacy has emerged as the de facto standard for privacy protection in federated learning…

Cryptography and Security · Computer Science 2025-10-03 Jie Fu , Yuan Hong , Xinpeng Ling , Leixia Wang , Xun Ran , Zhiyu Sun , Wendy Hui Wang , Zhili Chen , Yang Cao

The effective detection of evidence of financial anomalies requires collaboration among multiple entities who own a diverse set of data, such as a payment network system (PNS) and its partner banks. Trust among these financial institutions…

Federated learning has emerged as a powerful framework for analysing distributed data, yet two challenges remain pivotal: heterogeneity across sites and privacy of local data. In this paper, we address both challenges within a federated…

Machine Learning · Computer Science 2026-04-07 Mengchu Li , Ye Tian , Yang Feng , Yi Yu

Machine learning models used for distributed architectures consisting of servers and clients require large amounts of data to achieve high accuracy. Data obtained from clients are collected on a central server for model training. However,…

Cryptography and Security · Computer Science 2025-09-18 Ozer Ozturk , Busra Buyuktanir , Gozde Karatas Baydogmus , Kazim Yildiz

Federated learning (FL) enhances privacy by keeping user data on local devices. However, emerging attacks have demonstrated that the updates shared by users during training can reveal significant information about their data. This has…

The financial sector presents many opportunities to apply various machine learning techniques. Centralized machine learning creates a constraint which limits further applications in finance sectors. Data privacy is a fundamental challenge…

Machine Learning · Computer Science 2020-07-15 Yifei Zhang , Hao Zhu

Advanced adversarial attacks such as membership inference and model memorization can make federated learning (FL) vulnerable and potentially leak sensitive private data. Local differentially private (LDP) approaches are gaining more…

Cryptography and Security · Computer Science 2022-08-04 M. A. P. Chamikara , Dongxi Liu , Seyit Camtepe , Surya Nepal , Marthie Grobler , Peter Bertok , Ibrahim Khalil

The proliferation of deep learning applications in healthcare calls for data aggregation across various institutions, a practice often associated with significant privacy concerns. This concern intensifies in medical image analysis, where…

Machine Learning · Computer Science 2023-07-03 Kishore Babu Nampalle , Pradeep Singh , Uppala Vivek Narayan , Balasubramanian Raman

Learning a privacy-preserving model from sensitive data which are distributed across multiple devices is an increasingly important problem. The problem is often formulated in the federated learning context, with the aim of learning a single…

Machine Learning · Computer Science 2023-04-20 Mikko A. Heikkilä , Matthew Ashman , Siddharth Swaroop , Richard E. Turner , Antti Honkela

With powerful parallel computing GPUs and massive user data, neural-network-based deep learning can well exert its strong power in problem modeling and solving, and has archived great success in many applications such as image…

Cryptography and Security · Computer Science 2019-10-28 Lingchen Zhao , Qian Wang , Qin Zou , Yan Zhang , Yanjiao Chen

Leveraging real-world health data for machine learning tasks requires addressing many practical challenges, such as distributed data silos, privacy concerns with creating a centralized database from person-specific sensitive data, resource…

Machine Learning · Computer Science 2020-02-28 Olivia Choudhury , Aris Gkoulalas-Divanis , Theodoros Salonidis , Issa Sylla , Yoonyoung Park , Grace Hsu , Amar Das

Federated learning (FL) is a distributed machine learning strategy that enables participants to collaborate and train a shared model without sharing their individual datasets. Privacy and fairness are crucial considerations in FL. While FL…

Machine Learning · Computer Science 2023-05-24 Ayush K. Varshney , Sonakshi Garg , Arka Ghosh , Sargam Gupta

Federated Learning (FL) represents a significant advancement in distributed machine learning, enabling multiple participants to collaboratively train models without sharing raw data. This decentralized approach enhances privacy by keeping…

Cryptography and Security · Computer Science 2025-02-10 Jaydip Sen , Hetvi Waghela , Sneha Rakshit

Cooperative decentralized learning relies on direct information exchange between communicating agents, each with access to locally available datasets. The goal is to agree on model parameters that are optimal over all data. However, sharing…

Machine Learning · Computer Science 2024-10-28 Jasmine Bayrooti , Zhan Gao , Amanda Prorok
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