UPI FRAUD DETECTION
USING MACHINE LEARNING
Batch Number-10
Kongarapu Vamshi- 21311A6222
G.V.P.K. Dinesh- 21311A6211
Lohith Kumar- 22315A6207
under guidance of
V.Geeta
Software and Hardware
Requirements
Software Hardware
Requirements: Requirements:
Front End – •Hard Disk: Greater
Anaconda IDE than 500 GB
Backend – SQL •RAM: Greater than 4
Language – Python GB
3.8 •Processor: I3 and
Above
Existing Problem
To detect counterfeit transactions, three
machine-learning algorithms were presented and
implemented.
There are many measures used to evaluate the
performance of classifiers or predictors, such as
the Gradient Boost Classifier, Vector Machine,
Random Forest, and Decision Tree.
These metrics are either prevalence dependent
or prevalence-independent.
Furthermore, these techniques are used in UPI
fraud detection mechanisms, and the results of
these algorithms have been compared.
Proposed Solution
Various modern techniques like artificial neural network
Different machine learning algorithms are compared, including
Auto Encoder, Local Outlier Factor, Kmeans Clustering.
This project uses various algorithm, and neural network which
comprises of techniques for finding optimal solution for the
problem and implicitly generating the result of the fraudulent
transaction.
The main aim is to detect the fraudulent transaction and to
develop a method of generating test data.
This algorithm is a heuristic approach used to solve high
complexity computational problems.
The implementation of an efficient fraud detection system is
imperative for all UPI issuing companies and their clients to
minimize their losses.
Abstract
Increase in UPI usage for online payments
cases of fraud associated with it are also rising.
Few steps involving UPI transaction process using a Hidden
Markov Model (HMM)
how it can be used for the detection of frauds.
An HMM is initially trained for a cardholder.
If a UPI transaction is not accepted by the trained HMM. It is
considered to be fraudulent.
People can use UPIs for online transactions as it provides an
efficient and easy-to-use facility.
With the increase in usage of UPIs, the capacity of UPI misuse
has also enhanced.
UPI frauds cause significant financial losses for both UPI
holders and financial companies.
