Hybrid Ai model for online payment fraud detection using machine learning

Project Code :TCMAPY1848

Objective

The project aims to develop a scalable, modular fraud detection system using a hybrid AI approach that integrates SVM, Random Forest, XGBoost, and Voting Classifier to predict fraudulent online transactions, providing real-time alerts, enhanced accuracy, and adaptability across various platforms, with performance evaluated through metrics like accuracy, precision, recall, and F1-score.

Abstract

Online payment fraud has become a significant concern for financial institutions, businesses, and consumers due to the rapid increase in e-commerce and online transactions. Fraudulent transactions can result in severe financial losses, erode customer trust, and affect the reputation of businesses. Traditional fraud detection systems have often struggled to keep pace with evolving fraud tactics and large-scale transactional data. To address this challenge, this project proposes the development of a hybrid AI model that combines several machine learning algorithms for detecting fraudulent online payments in Instant.

Keywords : Support Vector Machine (SVM), Random Forest (RF), XGBoost, Voting Classifier.

NOTE: Without the concern of our team, please don't submit to the college. This Abstract varies based on student requirements.

Block Diagram

Specifications

1 SOFTWARE REQUIREMENS

 

Operating System                               :  Windows 7/8/10

Server side Script                                :  HTML, CSS, Bootstrap & JS

Programming Language                     :  Python

Libraries                                              Flask, Pandas, Torch, Sklearn, Librosa,Numpy , Seaborn, Matplotlib

IDE/Workbench                                  :  VSCode

Server Deployment                             :  Xampp Server

Database                                             :  MySQL    

 

2 HARDWARE REQUIREMENTS

 

Processor                                   - I3/Intel Processor

RAM                                       - 8GB (min)

Hard Disk                                - 128 GB

Key Board                               - Standard Windows Keyboard

Mouse                                      - Two or Three 

Demo Video