Fraud Detection in Financial Transactions Using Machine Learning Techniques

With the fast growth in online payments, detection of fraud in financial transactions has become an essential problem. Rule-based systems no longer work because fraudulent patterns change over time. This research discusses the use of machine learning algorithms, more specifically ensemble models such as Random Forest and XGBoost, in identifying fraudulent transactions in financial data. Focus is laid on data preprocessing, handling class imbalance by SMOTE, feature engineering, and multi-model evaluation. The suggested methodology provides a scalable and adaptive solution in line with real-time requirements of fraud detection systems for financial institutions.

Authors

Institutions

Publication Details

Published
2025-05-29
DOI
https://doi.org/10.1109/netcrypt65877.2025.11102785
Citations
1
Primary Topic
Imbalanced Data Classification Techniques
Type
article
Field-Weighted Citation Impact
2.48
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Fraud Detection in Financial Transactions Using Machine Learning Techniques

Deepak Kumar, Aman Negi
1 citations
Imbalanced Data Classification Techniques
2.48
article

Fraud Detection in Financial Transactions Using Machine Learning Techniques

Deepak Kumar, Aman Negi
article en
1 citations

Abstract

With the fast growth in online payments, detection of fraud in financial transactions has become an essential problem. Rule-based systems no longer work because fraudulent patterns change over time. This research discusses the use of machine learning algorithms, more specifically ensemble models such as Random Forest and XGBoost, in identifying fraudulent transactions in financial data. Focus is laid on data preprocessing, handling class imbalance by SMOTE, feature engineering, and multi-model evaluation. The suggested methodology provides a scalable and adaptive solution in line with real-time requirements of fraud detection systems for financial institutions.

Amity University (IN)
Peace, Justice and strong institutions
Openalex Percentile: Top 9%
Imbalanced Data Classification Techniques
2.48
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.