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Predicting fraud in mobile money transfer using case-based reasoning

Predicting fraud in mobile money transfer using case-based reasoning

Adedoyin, Adeyinka, Kapetanakis, Stelios, Samakovitis, Georgios and Petridis, Miltos (2017) Predicting fraud in mobile money transfer using case-based reasoning. In: Artificial Intelligence XXXIV: 37th SGAI International Conference on Artificial Intelligence. Lecture Notes in Computer Science, 10630 . Springer, Cham, pp. 325-337. ISBN 978-3319710778 ISSN 0302-9743 (doi:https://doi.org/10.1007/978-3-319-71078-5_28)

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Abstract

This paper proposes an improved CBR approach for the identification of money transfer fraud in Mobile Money Transfer (MMT) environments. Standard CBR capability is augmented by machine learning techniques to assign parameter weights in the sample dataset and automate k-value random selection in k-NN classification to improve CBR performance. The CBR system observes users’ transaction behaviour within the MMT service and tries to detect abnormal patterns in the transaction flows. To capture user behaviour effectively, the CBR system classifies the log information into five contexts and then combines them into a single dimension, instead of using the conventional approach where the transaction amount, time dimensions or features dimension are used individually. The applicability of the proposed augmented CBR system is evaluated using simulation data. From the results, both dimensions show good performance with the context of information weighted CBR system outperforming the individual features approach.

Item Type: Conference Proceedings
Title of Proceedings: Artificial Intelligence XXXIV: 37th SGAI International Conference on Artificial Intelligence
Additional Information: "AI 2017" was held at Cambridge, UK, from 12-14 December 2017.
Uncontrolled Keywords: Money transfer, fraud, Case-based reasoning, Genetic algorithm, Simulation data, Mobile money
Subjects: Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Faculty / Department / Research Group: Faculty of Architecture, Computing & Humanities
Faculty of Architecture, Computing & Humanities > Department of Computing & Information Systems
Last Modified: 11 Feb 2019 10:41
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: GREAT a
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/19649

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