Advances in Consumer Research
Issue 3 : 1143-1149
News Section
AI-Powered Fraud Detection in Banking Transactions Using Deep Learning
 ,
 ,
 ,
 ,
 ,
1
Research Scholar, Department of Commerce, VISTAS Pallavaram, Chennai-600117, Tamilnadu, India
2
Professor & Research Supervisor, Department of Commerce, VISTAS Pallavaram, Chennai-600117, Tamilnadu, India.
3
Associate Professor, Department Faculty of Management, GLS University, nr Law Garden, Ahmedabad-380006, Gujarat, India.
4
Assistant Professor of Finance, Department of Finance & Economics, Dhofar University, Oman
Abstract

A very significant risk and complexity which has emerged in fraudulent activities in banking transactions is the accelerated rate at which the financial services have become digitized. This study brings forth a state-of-the-art AI enabled fraud detection framework utilizing deep learning technology to increase the accuracy and real-time response of detecting anomalous patterns. More specifically, we deploy a Long Short-Term Memory (LSTM) neural network architecture because of its enhanced ability to learn the temporal dependencies in sequential transaction data. A real world financial dataset is used to train and test the model using Google Cloud AI Platform that guarantees scalable processing and integrated model deployment. Through extensive experiments it is shown that the proposed system is capable of delivering high precision and recall when it comes to detecting fraudulent behavior and outperforms traditional ML baselines. Such research emphasizes the effectiveness of the deep learning technology in automating fraud detection and demonstrates the breakthrough novelty of cloud-based AI tools to the financial industry.

Keywords
Recommended Articles
Research Article
Optimization of Material Logistics in Civil Engineering Supply Chains: A Case Study Approach
...
Published: 11/09/2025
Original Article
Investigating the Cause–Effect Relationship Between Marketing Strategies and Purchase Intentions for Healthy Food Products
Original Article
Measuring the Service Quality of Indian Cryptocurrency Apps Using Text Mining & SERVQUAL Metrics
Original Article
The New Marketing Radar: Social Listening in Action
Loading Image...
Volume 2, Issue 3
Citations
124 Views
135 Downloads
Share this article
© Copyright Advances in Consumer Research