Download or read book Machine Learning Approach to Detect Fraudulent Banking Transactions written by Riwaj Kharel and published by GRIN Verlag. This book was released on 2022-09-22 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2022 in the subject Computer Sciences - Artificial Intelligence, grade: 3, University of Applied Sciences Berlin, course: Project management and Data Science, language: English, abstract: The study investigates whether a machine learning algorithm can be used to detect fraud attempts and how a fraud management system based on machine learning might work. For fraud detection, most institutions rely on rule-based systems with manual evaluation. Until recently, these systems had been performing admirably. However, as fraudsters become more sophisticated, traditional systems' outcomes are becoming inconsistent. Fraud usually comprises many methods that are used repeatedly that's why looking for patterns is a common emphasis for fraud detection. Data analysts can, for example, avoid insurance fraud by developing algorithms that recognize trends and abnormalities. AI techniques used to detect fraud include Data mining classifies, groups, and segments data to search through millions of transactions to find patterns and detect fraud. The scientific paper discusses machine learning methods to detect fraud detection with a case study and analysis of Kaggle datasets.
Download or read book Practical Machine Learning A New Look at Anomaly Detection written by Ted Dunning and published by "O'Reilly Media, Inc.". This book was released on 2014-07-21 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finding Data Anomalies You Didn't Know to Look For Anomaly detection is the detective work of machine learning: finding the unusual, catching the fraud, discovering strange activity in large and complex datasets. But, unlike Sherlock Holmes, you may not know what the puzzle is, much less what “suspects” you’re looking for. This O’Reilly report uses practical examples to explain how the underlying concepts of anomaly detection work. From banking security to natural sciences, medicine, and marketing, anomaly detection has many useful applications in this age of big data. And the search for anomalies will intensify once the Internet of Things spawns even more new types of data. The concepts described in this report will help you tackle anomaly detection in your own project. Use probabilistic models to predict what’s normal and contrast that to what you observe Set an adaptive threshold to determine which data falls outside of the normal range, using the t-digest algorithm Establish normal fluctuations in complex systems and signals (such as an EKG) with a more adaptive probablistic model Use historical data to discover anomalies in sporadic event streams, such as web traffic Learn how to use deviations in expected behavior to trigger fraud alerts
Download or read book Advances in Artificial Intelligence and Data Engineering written by Niranjan N. Chiplunkar and published by Springer. This book was released on 2021-08-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents selected peer-reviewed papers from the International Conference on Artificial Intelligence and Data Engineering (AIDE 2019). The topics covered are broadly divided into four groups: artificial intelligence, machine vision and robotics, ambient intelligence, and data engineering. The book discusses recent technological advances in the emerging fields of artificial intelligence, machine learning, robotics, virtual reality, augmented reality, bioinformatics, intelligent systems, cognitive systems, computational intelligence, neural networks, evolutionary computation, speech processing, Internet of Things, big data challenges, data mining, information retrieval, and natural language processing. Given its scope, this book can be useful for students, researchers, and professionals interested in the growing applications of artificial intelligence and data engineering.
Download or read book Artificial Intelligence in Banking written by Introbooks and published by . This book was released on 2020-04-07 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: In these highly competitive times and with so many technological advancements, it is impossible for any industry to remain isolated and untouched by innovations. In this era of digital economy, the banking sector cannot exist and operate without the various digital tools offered by the ever new innovations happening in the field of Artificial Intelligence (AI) and its sub-set technologies. New technologies have enabled incredible progression in the finance industry. Artificial Intelligence (AI) and Machine Learning (ML) have provided the investors and customers with more innovative tools, new types of financial products and a new potential for growth.According to Cathy Bessant (the Chief Operations and Technology Officer, Bank of America), AI is not just a technology discussion. It is also a discussion about data and how it is used and protected. She says, "In a world focused on using AI in new ways, we're focused on using it wisely and responsibly."
Download or read book Practical Data Analysis written by Dhiraj Bhuyan and published by Dhiraj Bhuyan. This book was released on 2019-11-30 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Practical Data Analysis – Using Python & Open Source Technology” uses a case-study based approach to explore some of the real-world applications of open source data analysis tools and techniques. Specifically, the following topics are covered in this book: 1. Open Source Data Analysis Tools and Techniques. 2. A Beginner’s Guide to “Python” for Data Analysis. 3. Implementing Custom Search Engines On The Fly. 4. Visualising Missing Data. 5. Sentiment Analysis and Named Entity Recognition. 6. Automatic Document Classification, Clustering and Summarisation. 7. Fraud Detection Using Machine Learning Techniques. 8. Forecasting - Using Data to Map the Future. 9. Continuous Monitoring and Real-Time Analytics. 10. Creating a Robot for Interacting with Web Applications. Free samples of the book is available at - http://timesofdatascience.com
Download or read book Better Deep Learning written by Jason Brownlee and published by Machine Learning Mastery. This book was released on 2018-12-13 with total page 575 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deep learning neural networks have become easy to define and fit, but are still hard to configure. Discover exactly how to improve the performance of deep learning neural network models on your predictive modeling projects. With clear explanations, standard Python libraries, and step-by-step tutorial lessons, you’ll discover how to better train your models, reduce overfitting, and make more accurate predictions.
Download or read book Powering the Digital Economy Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
Download or read book Machine Learning Approaches in Financial Analytics written by Leandros A. Maglaras and published by Springer Nature. This book was released on with total page 485 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Harmony Search Algorithm written by Joong Hoon Kim and published by Springer. This book was released on 2015-08-08 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Harmony Search Algorithm (HSA) is one of the most well-known techniques in the field of soft computing, an important paradigm in the science and engineering community. This volume, the proceedings of the 2nd International Conference on Harmony Search Algorithm 2015 (ICHSA 2015), brings together contributions describing the latest developments in the field of soft computing with a special focus on HSA techniques. It includes coverage of new methods that have potentially immense application in various fields. Contributed articles cover aspects of the following topics related to the Harmony Search Algorithm: analytical studies; improved, hybrid and multi-objective variants; parameter tuning; and large-scale applications. The book also contains papers discussing recent advances on the following topics: genetic algorithms; evolutionary strategies; the firefly algorithm and cuckoo search; particle swarm optimization and ant colony optimization; simulated annealing; and local search techniques. This book offers a valuable snapshot of the current status of the Harmony Search Algorithm and related techniques, and will be a useful reference for practising researchers and advanced students in computer science and engineering.
Download or read book Understanding Machine Learning written by Shai Shalev-Shwartz and published by Cambridge University Press. This book was released on 2014-05-19 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduces machine learning and its algorithmic paradigms, explaining the principles behind automated learning approaches and the considerations underlying their usage.
Download or read book Learning and Soft Computing written by Vojislav Kecman and published by MIT Press. This book was released on 2001 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook provides a thorough introduction to the field of learning from experimental data and soft computing. Support vector machines (SVM) and neural networks (NN) are the mathematical structures, or models, that underlie learning, while fuzzy logic systems (FLS) enable us to embed structured human knowledge into workable algorithms. The book assumes that it is not only useful, but necessary, to treat SVM, NN, and FLS as parts of a connected whole. Throughout, the theory and algorithms are illustrated by practical examples, as well as by problem sets and simulated experiments. This approach enables the reader to develop SVM, NN, and FLS in addition to understanding them. The book also presents three case studies: on NN-based control, financial time series analysis, and computer graphics. A solutions manual and all of the MATLAB programs needed for the simulated experiments are available.
Download or read book Data Mining and Analysis written by Mohammed J. Zaki and published by Cambridge University Press. This book was released on 2014-05-12 with total page 607 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive overview of data mining from an algorithmic perspective, integrating related concepts from machine learning and statistics.
Download or read book Interpretable Machine Learning written by Christoph Molnar and published by Lulu.com. This book was released on 2020 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about making machine learning models and their decisions interpretable. After exploring the concepts of interpretability, you will learn about simple, interpretable models such as decision trees, decision rules and linear regression. Later chapters focus on general model-agnostic methods for interpreting black box models like feature importance and accumulated local effects and explaining individual predictions with Shapley values and LIME. All interpretation methods are explained in depth and discussed critically. How do they work under the hood? What are their strengths and weaknesses? How can their outputs be interpreted? This book will enable you to select and correctly apply the interpretation method that is most suitable for your machine learning project.
Download or read book Advances in Smart System Technologies written by P. Suresh and published by Springer Nature. This book was released on 2020-08-29 with total page 836 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents select peer-reviewed proceedings of the International Conference on Frontiers in Smart Systems Technologies (ICFSST 2019). It focuses on latest research and cutting-edge technologies in smart systems and intelligent autonomous systems with advanced functionality. Comprising topics related to diverse aspects of smart technologies such as high security, reliability, miniaturization, energy consumption, and intelligent data processing, the book contains contributions from academics as well as industry. Given the range of the topics covered, this book will prove useful for students, researchers, and professionals alike.
Download or read book Proceedings of International Conference on Fourth Industrial Revolution and Beyond 2021 written by Sazzad Hossain and published by Springer Nature. This book was released on 2022-10-03 with total page 756 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book includes papers in the research area of artificial intelligence, robotics and automation, IoT smart agriculture, data analysis and cloud computing, communication and technology, and signal and natural language processing. The book is a collection of research papers presented at the First International Conference on Fourth Industrial Revolution and Beyond (IC4IR 2021) organized by University Grants Commission of Bangladesh in association with IEEE Computer Society Bangladesh Chapter and Bangladesh Computer Society during December 10–11, 2021.
Download or read book Disrupting Finance written by Theo Lynn and published by Springer. This book was released on 2018-12-06 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access Pivot demonstrates how a variety of technologies act as innovation catalysts within the banking and financial services sector. Traditional banks and financial services are under increasing competition from global IT companies such as Google, Apple, Amazon and PayPal whilst facing pressure from investors to reduce costs, increase agility and improve customer retention. Technologies such as blockchain, cloud computing, mobile technologies, big data analytics and social media therefore have perhaps more potential in this industry and area of business than any other. This book defines a fintech ecosystem for the 21st century, providing a state-of-the art review of current literature, suggesting avenues for new research and offering perspectives from business, technology and industry.
Download or read book Fraud Analytics Using Descriptive Predictive and Social Network Techniques written by Bart Baesens and published by John Wiley & Sons. This book was released on 2015-08-17 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: Detect fraud earlier to mitigate loss and prevent cascading damage Fraud Analytics Using Descriptive, Predictive, and Social Network Techniques is an authoritative guidebook for setting up a comprehensive fraud detection analytics solution. Early detection is a key factor in mitigating fraud damage, but it involves more specialized techniques than detecting fraud at the more advanced stages. This invaluable guide details both the theory and technical aspects of these techniques, and provides expert insight into streamlining implementation. Coverage includes data gathering, preprocessing, model building, and post-implementation, with comprehensive guidance on various learning techniques and the data types utilized by each. These techniques are effective for fraud detection across industry boundaries, including applications in insurance fraud, credit card fraud, anti-money laundering, healthcare fraud, telecommunications fraud, click fraud, tax evasion, and more, giving you a highly practical framework for fraud prevention. It is estimated that a typical organization loses about 5% of its revenue to fraud every year. More effective fraud detection is possible, and this book describes the various analytical techniques your organization must implement to put a stop to the revenue leak. Examine fraud patterns in historical data Utilize labeled, unlabeled, and networked data Detect fraud before the damage cascades Reduce losses, increase recovery, and tighten security The longer fraud is allowed to go on, the more harm it causes. It expands exponentially, sending ripples of damage throughout the organization, and becomes more and more complex to track, stop, and reverse. Fraud prevention relies on early and effective fraud detection, enabled by the techniques discussed here. Fraud Analytics Using Descriptive, Predictive, and Social Network Techniques helps you stop fraud in its tracks, and eliminate the opportunities for future occurrence.
