DETECTING AND PREDICTING FINANCIAL FRAUD USING EXPLAINABLE AI & GRAPH BASED ANOMALY DETECTION

ABSTRACT This literature paper review intends to highlight the shortcomings of traditional fraud detection methods, which often lack adaptability and transparency. Explainable AI (XAI) offers solutions by making model predictions more interpretable, enabling clearer insights for users. Additionally, graph-based anomaly detection captures complex relationships between financial entities, identifying patterns missed by traditional approaches. By integrating XAI with graph-based techniques, this review demonstrates improved accuracy and interpretability in fraud detection, offering advancements in financial auditing and compliance. Keywords— Financial statement fraud, Explainable AI (XAI), Graph-based anomaly detection, Fraud detection, Machine learning.

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Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2025-06-17
DOI
https://doi.org/10.5281/zenodo.15681531
Primary Topic
Railway Systems and Energy Efficiency
Type
article
Field-Weighted Citation Impact
0.00
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article

DETECTING AND PREDICTING FINANCIAL FRAUD USING EXPLAINABLE AI & GRAPH BASED ANOMALY DETECTION

Zenodo (CERN European Organization for Nuclear Research)
Railway Systems and Energy Efficiency
article

DETECTING AND PREDICTING FINANCIAL FRAUD USING EXPLAINABLE AI & GRAPH BASED ANOMALY DETECTION

article en

Abstract

ABSTRACT This literature paper review intends to highlight the shortcomings of traditional fraud detection methods, which often lack adaptability and transparency. Explainable AI (XAI) offers solutions by making model predictions more interpretable, enabling clearer insights for users. Additionally, graph-based anomaly detection captures complex relationships between financial entities, identifying patterns missed by traditional approaches. By integrating XAI with graph-based techniques, this review demonstrates improved accuracy and interpretability in fraud detection, offering advancements in financial auditing and compliance. Keywords— Financial statement fraud, Explainable AI (XAI), Graph-based anomaly detection, Fraud detection, Machine learning.

Zenodo (CERN European Organization for Nuclear Research)
Aurobindo Pharma (India) (IN)
Peace, Justice and strong institutions
Openalex Percentile: Top 44%
Railway Systems and Energy Efficiency
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