The banking sector is significant in economic growth in each nation. Also, each and every person has a separate account in diverse banks for effectively transmitting the money at any time. The proliferation of online banking has brought about a concerning rise in fraudulent transactions, posing a persistent challenge for fraud detection. This contains a collection of fraudulent activities, as well as insurance, credit card, and accounting fraud. Despite the numerous benefits of online transactions, the prevalence of financial fraud and unauthorized transactions poses significant risks. Several researchers have constantly developed various techniques in the past few years to improve detection performance. Yet, it takes more duration for handling massive amounts of various client data sizes to detect abnormal activities. With the aim of resolving these issues, a deep learning based new approach is designed in this research work. Initially, the prescribed data are gathered from the benchmark database, then the gathered data is given to the phase of feature extraction. In this phase, the Principal Component Analysis (PCA), statistical features, and T-distributed Stochastic Neighbor Embedding (t-SNE) mechanisms are utilized to effectively extract the informative features from the collected data. It can optimally minimize the noise and irrelevant information to enhance the training speed. Then, the extracted features are combined and the optimal weighted fused features are determined by utilizing the Modified Random Value Reptile Search Algorithm (MRV-RSA) optimization algorithm. It can effectively improve the training speed and overall performance enabling better detection. Also, the optimal weighted fused features are given to the detection phase using the Dilated Convolution Long Short Term Memory (ConvLSTM) with Multi-scale Dense Attention (DCL-MDA) technique. It can handle massive complex datasets without incurring generalization problems. Further, the classified detected result is provided with a limited duration. Therefore, the efficiency of the model is validated by using the different metrics and contrasted over other traditional models. Hence, the suggested system overwhelms the desired value for finding the fraudulent user to enhance the security level in the banking sector. From the evaluation process, the implemented framework has attained a reliable accuracy rate of 93.86% in Dataset 1 and 97.15% in Dataset 2 to prove its superior performance. This performance enhancement in the developed model could accurately detect fraud at an earlier stage.
扫码关注我们
求助内容:
应助结果提醒方式:
