Real-Time Fraud Detection in Banking Using AI and Machine Learning in Risk-Based Authentication Systems

Authors

  • Vivek Sheetal Dhaduvai University of the Cumberlands, Kentucky - USA Author
  • Nivathan Athiganoor Somasundharam Texas A&M University - Kingsville, TX - USA Author
  • Raghuvaran Kendyala University of Illinois at Springfield, Illinois, USA Author
  • Sandeep Batchu Western Kentucky University, Kentucky, USA Author

Keywords:

fraud detection, artificial intelligence

Abstract

The expansion of digital banking services has compelled banks to advance for detection mechanism to safeguard financial transaction and mitigate risks. This research paper investigates the integration of artificial intelligence and machine learning in risk-based authentication system for real time for detection in banking. This study focuses on architecture of AI driven fraud detection framework, anomaly detection, behavioural biometrics and predictive analytics in identifying fraudulent activities.

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Published

16-08-2024

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