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040 _aAIKTC-KRRC
_cAIKTC-KRRC
100 _925969
_aPonnuviji, N. P.
245 _aMorphic computing with machine learning for enhanced fraud detection in financial applications
250 _aVol.15(2), Oct
260 _aMumbai
_bICT Academy
_c2024
300 _a3545-3550p.
520 _aAs financial fraud becomes increasingly complex, traditional detection methods struggle to keep pace, resulting in substantial financial losses globally. Morphic computing—a paradigm that emphasizes adaptable, context-aware processing—offers promising advancements for fraud detection in dynamic environments. Integrating morphic computing with machine learning models creates a responsive framework capable of discerning subtle and evolving fraud patterns. The proposed system utilizes a Convolutional Neural Network (CNN) enhanced with Morphic Layering, where layers adaptively morph in response to new data patterns. The dataset, sourced from real-time financial transactions, consists of 500,000 records, including 2,000 flagged fraudulent cases. The system was tested on a simulated environment over a six-month period, yielding an accuracy of 98.5% in fraud detection and reducing false positives by 40% compared to traditional machine learning models. Latency for real-time detection was minimized to 200 milliseconds, proving feasible for immediate application in transaction monitoring systems. By offering a flexible structure, this method surpasses existing approaches, as it continuously evolves to detect emerging fraud patterns, thus enhancing financial security.
650 0 _94622
_aComputer Engineering
700 _925970
_aVigilson Prem, M.
773 0 _dChennai ICT Academy
_tICTACT Journal on Soft Computing (IJSC)
856 _uhttps://ictactjournals.in/paper/IJSC_Vol_15_Iss_2_Paper_10_3545_3550.pdf
_yClick here
942 _2ddc
_cAR