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This paper investigates whether hybrid quantum-classical machine learning can deliver practical improvements in financial fraud detection performance for card-based and other payment transactions. Building on a Guided Quantum Compressor…
Quantum Machine Learning (QML) offers a new paradigm for addressing complex financial problems intractable for classical methods. This work specifically tackles the challenge of few-shot credit risk assessment, a critical issue in inclusive…
We present a novel hybrid quantum-classical neural network architecture for fraud detection that integrates a classical Long Short-Term Memory (LSTM) network with a variational quantum circuit. By leveraging quantum phenomena such as…
As financial fraud becomes increasingly complex, effective detection methods are essential. Quantum Machine Learning (QML) introduces certain capabilities that may enhance both accuracy and efficiency in this area. This study examines how…
In this research, a comparative study of four Quantum Machine Learning (QML) models was conducted for fraud detection in finance. We proved that the Quantum Support Vector Classifier model achieved the highest performance, with F1 scores of…
Social financial technology focuses on trust, sustainability, and social responsibility, which require advanced technologies to address complex financial tasks in the digital era. With the rapid growth in online transactions, automating…
This paper presents a first end-to-end application of a Quantum Support Vector Machine (QSVM) algorithm for a classification problem in the financial payment industry using the IBM Safer Payments and IBM Quantum Computers via the Qiskit…
Credit card fraud detection is a critical task in financial security, as fraudulent transactions are rare, highly imbalanced, and often resemble legitimate ones. A wide range of classical machine learning methods, as well as more recent…
Quantum computing is an emerging technology that has the potential to revolutionize fields such as cryptography, machine learning, optimization, and quantum simulation. However, a major challenge in the realization of quantum algorithms on…
Credit card fraud detection is fundamentally challenged by extreme class imbalance, where fraudulent transactions are rare yet operationally critical. This imbalance often biases supervised learners toward the legitimate class, leading to…
Current implementations of quantum logic gates can be highly faulty and introduce errors. In order to correct these errors, it is necessary to first identify the faulty gates. We demonstrate a procedure to diagnose where gate faults occur…
Quantum machine learning, focusing on quantum neural networks (QNNs), remains a vastly uncharted field of study. Current QNN models primarily employ variational circuits on an ansatz or a quantum feature map, often requiring multiple…
Credit card fraud has emerged as major problem in the electronic payment sector. In this survey, we study data-driven credit card fraud detection particularities and several machine learning methods to address each of its intricate…
Analysis and verification of quantum circuits are highly challenging, given the exponential dependence of the number of states on the number of qubits. For analytical derivation, we propose a new quantum polynomial representation (QPR) to…
Machine learning and data mining techniques have been used extensively in order to detect credit card frauds. However, most studies consider credit card transactions as isolated events and not as a sequence of transactions. In this…
We develop quantum protocols for anomaly detection and apply them to the task of credit card fraud detection (FD). First, we establish classical benchmarks based on supervised and unsupervised machine learning methods, where average…
Among all the physical platforms for the realization of a Quantum Processing Unit (QPU), neutral atom devices are emerging as one of the main players. Their scalability, long coherence times, and the absence of manufacturing errors make…
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…
A quantum circuit transformation (QCT) is required when executing a quantum program in a real quantum processing unit (QPU). Through inserting auxiliary SWAP gates, a QCT algorithm transforms a quantum circuit to one that satisfies the…
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…