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ArticlePeer ReviewedOpen AccessPlagiarism Passed
Paper ID:IJSREM63469

Fraud Detection In Financial Transaction Using Anomaly Detection On Large Datasets

Stream/Area:

-

Subject:

-

Paper ID:

IJSREM63469

Volume:

10 |

5 |

May 2026

Pages:

1-4

Publication Frequency:

Monthly (12 issues per year)

DOI
Digital Object Identifier
Not assigned

License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.

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Authors

TSP

Tangevva Sankappa Phashi

MASTER OF COMPUTER APPLICATIONS

BAPUJI INSTITUTE OF ENGINEERING AND TECHNOLOGY DAVANGERE

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JKR

JYOTHIKA K R

MASTER OF COMPUTER APPLICATIONS

BAPUJI INSTITUTE OF ENGINEERING AND TECHNOLOGY DAVANGERE

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Abstract

The exponential growth of digital financial transactions has inadvertently paved the way for a parallel surge in sophisticated fraudulent activities. presenting a significant and persistent threat to financial institutions, businesses, and individual consumers. which predominantly rely on predefined, rule-based mechanisms, are increasingly inadequate in dynamic and evolving fraud tactics. are often rigid, slow to adapt, and generate a high volume of false positives, leading to both financial losses and a degradation of the customer experience. This project report details the design, development, and implementation of leverages the power of anomaly detectionc on large-scale financial transaction datasets. The core objective of this project is to create a robust, scalable, and highly accurate system capable of identifying and flagging potentially fraudulent transactions in real-time. By establishing a baseline of normal transactional behavior for individual users and the system as a whole, our proposed solution can pinpoint deviations and outliers that are indicative of fraudulent activity, including novel and previously unseen fraud patterns.

KEYWORDS

Keywords : Fraud Detection Machin Learning BigData Analytics Apache Spark Predictive. Modeling Trasaction Monitoring.

Cite This Article

Tangevva Sankappa Phashi, JYOTHIKA K R, "Fraud Detection In Financial Transaction Using Anomaly Detection On Large Datasets," International Journal of Scientific Research in Engineering and Management, vol. 10, no. 5, pp. 1-4, May 2026.

Full Article/Conclusion

Overall, the project has achieved detailed the comprehensive design and methodology for developing a sophisticated system for "Fraud Detection in Financial Transactions Using Anomaly Detection on Large Datasets." The escalating threat of financial fraud, coupled with the inherent limitations of traditional rule-based detection systems, necessitates a more intelligent, adaptive, and proactive approach to security. The proposed system, built upon the principles of  unsupervised.                                            machine learning. represents a significant advancement in the field of fraud prevention. By learning the intricate patterns of normal user behavior from vast amounts of data.. the system can accurately identify anomalous activities that are indicative of fraud, including novel and previously unseen attack vectors.

References

1.           Chalapathy, R., & Chawla, S. (2019). Deep Learning for Anomaly Detection: A Survey. 2.       Phua, C., et al. (2010). A Comprehensive Survey of Data Mining- based Fraud Detection Research. 3. Bhattacharyya, S., et al. (2011). A comparison of data mining techniques for detecting credit card fraud. 4.   Whitrow, C., et al. (2009). Using transaction grouping as an approach to detect credit card fraud. 5.           Jurgovsky, J., et al. (2018). Sequence Classification for Credit-Card Fraud Detection. 6. Ahmed, M., et al. (2016). A Survey of Network Anomaly         Detection Techniques.give links to this reference. 7.  Van Vlasselaer, V., et al. (2015). APATE: A new method for automatic fraud detection in Financial Transactions. 8. Bolton, R., & Hand, D. (2002). A review of statistical methods for fraud detection. 9.           Carcillo, F., et al. (2018). Combining Unsupervised and Supervised Learning in Credit Card Fraud Detection. 10. Sahin, Y., & Duman, E. (2011). Detecting Credit Card Fraud by Decision Trees and Support Vector Machines.

Editorial & Review Transparency

Publication Date

5/19/2026

Peer Review Type

Double-Blind Peer Review

Review Rounds: 2

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Conflict of Interest

The authors declare no conflict of interest related to this research work.

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