Implementing a Java Microservice for Credit Fraud Detection Using Machine Learning
This study investigates the application of the Random Forest algorithm to identify and prevent fraudulent activities in a dynamic and complex financial environment. We aim to generate a fraud detection model and integrate it into a Java-based microservice for practical deployment. The process involves training and validating the model using historical transaction data, serializing the model for integration, and developing a scalable, stateless microservice with RESTful APIs. This microservice can be seamlessly integrated into existing financial systems, leveraging containerization technologies for deployment. By embedding the Random Forest model within a Java microservice, financial institutions can enhance their fraud detection mechanisms, providing robust protection against fraudulent activities and minimizing financial losses.
Authors
- Eduard-Cristian Popovici
- Dan-Alexandru Teodoraș
- Cosmina Stalidi
- George Suciu (ORCID: https://orcid.org/0000-0001-8455-6177)
Institutions
- Universitatea Națională de Știință și Tehnologie Politehnica București (RO)
Publication Details
- Published
- 2024-09-19
- DOI
- https://doi.org/10.1109/roedunet64292.2024.10722691
- Citations
- 2
- Primary Topic
- Financial Distress and Bankruptcy Prediction
- Type
- article
- Field-Weighted Citation Impact
- 1.89