Development of a Machine Learning-Based Fraud Detection System
Table Of Contents
<p>1. Introduction<br> - Background and Significance<br> - Objectives and Scope<br>2. Literature Review<br> - Overview of Fraud Detection Techniques<br> - Machine Learning Algorithms for Fraud Detection<br> - Evaluation Metrics for Fraud Detection Systems<br>3. Data Preprocessing and Feature Engineering<br> - Data Collection and Preprocessing<br> - Feature Selection and Engineering<br> - Data Imbalance Handling<br>4. Model Development<br> - Selection of Machine Learning Algorithms<br> - Model Training and Validation<br> - Hyperparameter Tuning and Optimization<br>5. System Integration and Real-Time Processing<br> - Integration with Transaction Processing Systems<br> - Real-Time Fraud Detection Pipeline<br> - Performance Monitoring and Alerting<br></p>
Project Abstract
This project aims to develop a machine learning-based fraud detection system for financial transactions. The system will utilize supervised learning algorithms to analyze transaction data and identify patterns indicative of fraudulent activity. The project will focus on feature engineering, model training, and evaluation to build an accurate and efficient fraud detection system. The goal is to demonstrate the effectiveness of machine learning in detecting and preventing fraudulent transactions in real-time.
Project Overview
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