BANK FRAUD AI - DETECTING FRAUD IN BANKING DATA USING MACHINE LEARNING ALGORITHM.
Keywords:
Fraud Detection, Machine Learning, Artificial Intelligence, Banking Transactions, Data Imbalance, Financial Security.Abstract
The rapid growth of digital banking and online financial transactions has increased the risk of fraudulent activities in banking systems. Fraudulent transactions cause significant financial losses and damage the reputation of financial institutions as well as customers. Therefore, early and accurate detection of fraud has become a critical requirement for modern banking systems. This paper proposes a machine learning-based approach for detecting fraudulent bank transactions effectively. Artificial Intelligence (AI) techniques are used to analyze transaction patterns and identify suspicious activities in real time
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