Finance Fraud Detection With Neural Network

Abstract

The payment card industry has grown increasingly with the development of online business. However, payment card fraud has become a serious problem around the world. Companies and banks lost huge amounts of dollars annually due to fraud. It is necessary to investigate a learning algorithm to detect fraud in finance transaction automatically. In this paper, we put forward a fraud detection algorithm by using neural network. The neural network model and final result will be described to show the superiority of this model.