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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | Neural Networks for Fraud Detection in Financial Transactions |
| Authors Name: | Abhiraj Kulkarni |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_188604
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| Published Paper Id: | IJNRD2303438 |
| Published In: | Volume 8 Issue 3, March-2023 |
| DOI: | |
| Abstract: | Abstract: Fraudulent activities in financial transactions are a major concern for financial institutions and individuals. Machine learning techniques have shown promising results in detecting fraudulent transactions. In this paper, we propose the use of neural networks for fraud detection in financial transactions. We develop a deep learning model that takes into account the time-series nature of financial transactions and the inherent imbalanced nature of fraud detection. The proposed model uses a combination of convolutional neural networks and long short-term memory networks to extract features from the transaction data and make predictions about the likelihood of fraud. We evaluate the performance of the proposed model on a publicly available dataset and compare it with other state-of-the-art machine learning techniques. Our results show that the proposed model outperforms existing methods, achieving a higher area under the receiver operating characteristic curve and F1 score. |
| Keywords: | |
| Cite Article: | "Neural Networks for Fraud Detection in Financial Transactions", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 3, page no.e300-e301, March-2023, Available :http://www.ijnrd.org/papers/IJNRD2303438.pdf |
| Downloads: | 000118755 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
| Publication Details: |
Published Paper ID:IJNRD2303438 Registration ID: 188604 Published In: Volume 8 Issue 3, March-2023 DOI (Digital Object Identifier): Page No: e300-e301 Country: Thane, Maharashtra, India Research Area: Engineering Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2303438 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2303438 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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