This research was funded through a University of Edinburgh Major Initiatives Fund grant held by the Edinburgh Centre for Financial Innovations. The data and computing facilities were provided by NatWest, Smart Data Foundry, and Edinburgh Parallel Computing Centre.

Masked hacker with credit card at computer

Abstract

The expansion of online banking, mobile payments, e-commerce, and other forms of digital finance has substantially increased the volume and speed of financial transactions. While these developments have improved the accessibility and efficiency of financial services, they have also created new opportunities for fraudulent activity. This project examines whether bank transaction data can be used to support two related applications, firstly of fraud-victim profiling, and secondly of fraud early warning systems.

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Yizhe Dong

Yizhe Dong, Personal Chair of Banking and Risk Analytics and Head of MSBE Group

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Zongxiao Wu, Research Fellow in Corporate Risk and Machine Learning

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