Innovative Applications of BP Neural Networks in Financial Fraud Recognition

In this study, through the use of machine learning models and BP neural network, a large amount of financial data is deeply mined and analysed. The research results show that the constructed model improves the financial fraud recognition accuracy to 0.94, which can achieve the discrimination of financial fraudulent account behaviours at a high accuracy rate, provide strong support for financial institutions, and effectively prevent financial fraud risks. This study aims to solve the problem of high variability and concealment of financial fraud, different from the direction of departure of the more significant results of fraud identification for financial transactions, but focuses on the portrayal and analysis of the characteristics of the financial fraud account, so as to achieve the efficient identification of the source of financial fraud decision-making.

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Publication Details

Journal
Transactions on Computer Science and Intelligent Systems Research
Published
2024-08-12
DOI
https://doi.org/10.62051/0wx73902
Primary Topic
Imbalanced Data Classification Techniques
Type
article
Field-Weighted Citation Impact
0.00
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article

Innovative Applications of BP Neural Networks in Financial Fraud Recognition

Jiuzhou Wang, Junchen Liu, Zibin Geng
Transactions on Computer Science and Intelligent Systems Research
Imbalanced Data Classification Techniques
article

Innovative Applications of BP Neural Networks in Financial Fraud Recognition

Jiuzhou Wang, Junchen Liu, Zibin Geng
article en

Abstract

In this study, through the use of machine learning models and BP neural network, a large amount of financial data is deeply mined and analysed. The research results show that the constructed model improves the financial fraud recognition accuracy to 0.94, which can achieve the discrimination of financial fraudulent account behaviours at a high accuracy rate, provide strong support for financial institutions, and effectively prevent financial fraud risks. This study aims to solve the problem of high variability and concealment of financial fraud, different from the direction of departure of the more significant results of fraud identification for financial transactions, but focuses on the portrayal and analysis of the characteristics of the financial fraud account, so as to achieve the efficient identification of the source of financial fraud decision-making.

Transactions on Computer Science and Intelligent Systems ResearchVol. 5
University of International Business and Economics (CN)
Peace, Justice and strong institutions
Openalex Percentile: Top 89%
Imbalanced Data Classification Techniques
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