Skip to main content

Decision Tree-Based Fraud Detection Mechanism by Analyzing Uncertain Data in Banking System

  • Conference paper
  • First Online:
Emerging Research in Data Engineering Systems and Computer Communications

Abstract

As of now, enormous electronic information stores are being kept up by banks and other money-related organizations. Information mining advancement gives the region to get to the right information at the right time from massive volumes of information. Data classification is an established issue in AI and information mining. In regular choice (decision) tree investigation, a normal for a tuple is either supreme or partial. The choice tree calculations are utilized for dissecting solid and numerical information of uses. In the surviving techniques, they play out the extended model of choice tree examination to help information tuple having factual characteristics with uncertainty characterized by discretionary pdf. Along these lines, we proposed an improved novel choice tree for the two information, speaking to the development and a framework utilized for AI and information mining to strengthen the requirement of the financial undertaking. This paper expects to evaluate the utilization of strategies for choice trees to aid the trepidation of bank extortion. The choice trees aid this work of choosing the characteristic that will build up a superior exhibition in determining the odds of bank fraud.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Subscribe and save

Springer+ Basic
$34.99 /Month
  • Get 10 units per month
  • Download Article/Chapter or eBook
  • 1 Unit = 1 Article or 1 Chapter
  • Cancel anytime
Subscribe now

Buy Now

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others

References

  1. Save P., Tiwarekar, P., Jain, K.N., Mahyavanshi, N.: A novel idea for credit card fraud detection using decision tree. Int. J. Comput. Appl. 161(13), 6–9 (2017)

    Google Scholar 

  2. Sahin, Y., Bulkan, S., Duman, E.: A cost-sensitive decision tree approach for fraud detection. Expert Syst. Appl. 40, 5916–5923 (2013)

    Article  Google Scholar 

  3. Leite, R.A., Gschwandtner, T., Miksch, S., Gstrein, E., Kuntner, J.: Visual analytics for event detection: focusing on fraud. J. Vis. Inf. (2019)

    Google Scholar 

  4. Jurgovsky, J., Granitzer, M., Ziegler, K., Calabretto, S., Portier, P., He-guelton, L., Caelen, O.: PT US CR. Exp. Syst. Appl. (2018)

    Google Scholar 

  5. Agarawal, T.I., Swami, A.N.: Database mining: a performance perspective. IEEE Trans. Knowl. Data Eng. 5(6), 914–925 (1993)

    Google Scholar 

  6. Chau, M., Cheng, R., Kao, B., Ng, J.: Uncertain data mining: an example in clustering location data. In: Proceedings of Pacific-Asia Conference Knowledge Discovery and Data Mining (PAKDD), pp. 199–204 (April 2006)

    Google Scholar 

  7. Chen, J., Cheng, R.: Efficient evaluation of imprecise location-dependent queries. In: Proceedings of International Conference on Data Engineering (ICDE), pp. 586–595 (April 2007)

    Google Scholar 

  8. Dalvi, N.N., Suciu, D.: Effecient query evaluation on probabilistic databases. VLDB J. 16(4), 523–544 (2007)

    Article  Google Scholar 

  9. Nierman, A., Jagadish, H.V.: ProTDB: probabilistic data in XML. In: Proceedings of International Conference on Very Large Data Bases (VLDB), pp. 646–657 (August 2002)

    Google Scholar 

  10. Janikow, C.Z.: Fuzzy decision trees: issues and methods. IEEE Trans. Syst. Man Cybern. Part B 28(1), 1–14 (1998)

    Google Scholar 

  11. Mitchell, T.M.: Machine Learning. McGraw-Hill (1997); Senthil Vadivu, P., et al.: Int. J. Wireless Commun. Netw. Technol. 1(1), 27–30 (2012)

    Google Scholar 

  12. Umanol, M., Okamoto, H., Hatono, I., Tamura, H., Kawachi, F., Umedzu, S., Kinoshita, J.: Fuzzy decision trees by fuzzy ID3 algorithm and its application to diagnosis systems. In: Proceedings of IEEE Conference on Fuzzy Systems, IEEE World Congress Computational Intelligence, vol. 3, pp. 2113–2118 (June 1994)

    Google Scholar 

  13. Fayyad, U.M., Irani, K.B.: On the handling of continuous-valued attributes in decision tree generation. Mach. Learn. 8, 87–102 (1992)

    Google Scholar 

  14. Kohli, N.: Banking Software Marketing, Sales and Service Contacts. Strategic Information Technology Ltd, 2016. Web (12 March 2017)

    Google Scholar 

  15. The Hindu: The Hindu Business Line: From mine to shine. The Hindu Business Line, 2003. Web (13 March 2017)

    Google Scholar 

  16. Bhasin, M.L.: Data mining: a competitive tool in the banking and retail industries, pp. 588–594. The Chartered Accountant (2006)

    Google Scholar 

  17. Chitra, K., Subashini, B.: Fraud detection in the banking sector. In: Proceedings of National Level Seminar on Globalization and its Emerging Trends (2012)

    Google Scholar 

  18. Bhambri, V.: Application of data mining in banking sector. IJCST 2(2), 199–202 (2011)

    Google Scholar 

  19. Paige, S.: Building Classification Models: ID3 and C4.5. Temple University, 2007. Web (15 March 2017)

    Google Scholar 

  20. Michie, D., et al.: Quinlan, JR C4. 5: Programs for Machine Learning (1993)

    Google Scholar 

  21. Morris, C.: Building Classification Models: ID3 and C4.5. Stanford University, 2003. Web (21 March 2017)

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Neelu Khare .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2020 Springer Nature Singapore Pte Ltd.

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Khare, N., Viswanathan, P. (2020). Decision Tree-Based Fraud Detection Mechanism by Analyzing Uncertain Data in Banking System. In: Venkata Krishna, P., Obaidat, M. (eds) Emerging Research in Data Engineering Systems and Computer Communications. Advances in Intelligent Systems and Computing, vol 1054. Springer, Singapore. https://doi.org/10.1007/978-981-15-0135-7_8

Download citation

Publish with us

Policies and ethics