Physical Sciences and Mathematics Commons^™

Fraud Detection Using Data-Driven Approach, Arianit Mehana, Krenare Pireva Nuci

UBT International Conference

The extensive use of internet is continuously drifting businesses to incorporate their services in the online environment. One of the first spectrums to embrace this evolution was the banking sector. In fact, the first known online banking service came in 1980. It was deployed from a community bank located in Knoxville, called the United American Bank. Since then, internet banking has been offering ease and efficiency to costumers in completing their daily banking tasks. The ever increasing use of internet banking and the large number of online transactions, increased fraudulent behaviour also. As if fraud increase wasn’t enough, the massive …