Research Article

A Survey on Outlier Detection in Financial Transactions

by  Pradnya Kanhere, H. K. Khanuja
journal cover
International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 108 - Issue 17
Published: December 2014
Authors: Pradnya Kanhere, H. K. Khanuja
10.5120/19004-0502
PDF

Pradnya Kanhere, H. K. Khanuja . A Survey on Outlier Detection in Financial Transactions. International Journal of Computer Applications. 108, 17 (December 2014), 23-25. DOI=10.5120/19004-0502

                        @article{ 10.5120/19004-0502,
                        author  = { Pradnya Kanhere,H. K. Khanuja },
                        title   = { A Survey on Outlier Detection in Financial Transactions },
                        journal = { International Journal of Computer Applications },
                        year    = { 2014 },
                        volume  = { 108 },
                        number  = { 17 },
                        pages   = { 23-25 },
                        doi     = { 10.5120/19004-0502 },
                        publisher = { Foundation of Computer Science (FCS), NY, USA }
                        }
                        %0 Journal Article
                        %D 2014
                        %A Pradnya Kanhere
                        %A H. K. Khanuja
                        %T A Survey on Outlier Detection in Financial Transactions%T 
                        %J International Journal of Computer Applications
                        %V 108
                        %N 17
                        %P 23-25
                        %R 10.5120/19004-0502
                        %I Foundation of Computer Science (FCS), NY, USA
Abstract

Outlier detection is a very important concept in the data mining. It is useful in data analysis. Nowadays, a direct mapping can be found between the data outliers and real world anomalies. Hence the outlier detection techniques can be applied to detect the abnormal activities in the real world. Outlier detection has been researched within various application domains and knowledge disciplines. This survey provides an overview of existing outlier detection techniques that can be applied in the financial domain. It mainly focuses on the idea of detecting the suspicious or outlier financial transactions.

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Index Terms
Computer Science
Information Sciences
No index terms available.
Keywords

Abnormal transaction Suspicious transaction Financial transaction

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