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Recent Patents on Computer Science


ISSN (Print): 2213-2759
ISSN (Online): 1874-4796

Review Article

Intelligent Financial Fraud Detection and Analysis: A Survey of Recent Patents

Author(s): Paulius Danenas

Volume 8, Issue 1, 2015

Page: [13 - 23] Pages: 11

DOI: 10.2174/2213275907666141101001436

Price: $65


Financial fraud investigation, detection and risk evaluation are essential to either bank (as well as other financial institutions) or business entities. This topic continuously receives significant amount of attention from different stakeholders, including the financial institutions and regulators, investors, researchers, community and merchants. Maximum level of decidability and elimination of uncertainty in fraud likelihood estimation are essential to ensure financial stability, evaluate risk and minimize possible financial loss. Artificial intelligence techniques prove to be efficient solution and worth of attention to any inventor. This paper surveys recent patents related to financial fraud detection, which apply one or more artificial intelligence, machine learning or statistics based techniques, identifies main features of modern intelligent solutions for fraud risk detection and summarizes main trends.

Keywords: Artificial intelligence, evaluation, fraud risk, finance, intelligent systems, machine learning, patents, transaction processing.

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