Real time SOA based credit card fraud detection system using machine learning techniques
Abhishek Kumar, Debachudamani Prusti, Ingole Shubham Purusottam, Santanu Kumar Rath · 2021
Financial transactions using credit card are being observed to be commonly accepted by the users as well as by the financial institutions. At the same time, a good number of fraudsters adopt various techniques to create inconvenience to the users and in the process the financial institutions lose goodwill or trustworthiness. However, a number of methodologies have been proposed by various researchers to counter and revoke the fraudulent activities in credit card transactions. The crux of the problem is that the fraudulent activities need to be curbed instantly if at all can be identified, when the fraudsters initiate them. In this study, a real time fraud detection system based on service oriented architecture (SOA) has been proposed to analyze the fraudulent activities in credit card transactions. The architecture is designed on the basis of Apache Kafka tool, which is used for real time streaming of transactional data to detect the fraudulent transactions. This process considers different services which form the backbone of SOA. Further, five different machine learning classifiers namely support vector machine (SVM), multilayer perceptron (MLP), random forest regressor, autoencoder and isolation forest have been considered to identify the fraudulent activities instantly with the help of SOA based real time architecture.