Real Time Loan Fraud detection in banking sector using machine learning and DM technique

Real Time Loan Fraud detection in banking sector using machine learning and DM technique
Author(s):
Brunda Shree V, Bhavana L, Harshavardhan Doddamani
Keywords:
Frauds, Financial Detection, Auditing, Worldwide.
Abstract
There is a loss of billions of dollars worldwide each year because of frauds happening in financial sectors. There is a problem with internal auditing system of financial sectors because of which there is a need for fraud detection. This paper gives the details about fraud detection in financial sectors using machine learning and data mining techniques. Bayesian and K-means algorithms are used for fraud detection here.
Article Details
Unique Paper ID: 148192 Publication Volume & Issue: Volume 5, Issue 12 Page(s): 584 - 588
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International Journal of Innovative Research in Technology