Vanini, Paolo; Rossi, Sebastiano; Zvizdic, Ermin; … - In: Financial innovation : FIN 9 (2023) 1, pp. 1-25
false alarms. This is a challenge for machine learning owing to the extremely imbalanced data and complexity of fraud. In … addition, classical machine learning methods must be extended, minimizing expected financial losses. Finally, fraud can only be … overcome these challenges: machine learning-based fraud detection, economic optimization of machine learning results, and a …