Enhancing Credit Card

Fraud Detection through

Machine Learning in Python

PRN - 21510099
PRN - 21510101
PRN - 2020BTECS00093
Introduction
This presentation explores enhancing
credit card fraud detection using
machine learning in Python. We will
discuss the challenges of fraud
detection and how machine learning
can improve accuracy and efficiency. We
will also delve into Python libraries and
algorithms used for fraud detection.
Credit Card Fraud
Overview
Understanding the impact of credit
card fraud is crucial for financial
institutions. Fraudulent transactions lead
to financial losses and damage to
customer trust. By leveraging machine
learning, we can develop advanced
techniques to detect and prevent
fraudulent activities effectively.
Machine Learning in
Fraud Detection
Machine learning algorithms such as
random forests and deep learning
offer powerful tools for detecting
fraudulent patterns in credit card
transactions. These algorithms can
analyze large volumes of data to
identify complex fraud patterns with
high accuracy.
Python Libraries for Fraud Detection
Python provides robust libraries such as scikit-learn and
TensorFlow for implementing machine learning models. These
libraries offer a wide range of algorithms and tools for data
preprocessing, model training, and evaluation, making Python
an ideal choice for fraud detection.
Challenges and
Solutions
Challenges in credit card fraud detection
include imbalanced datasets and
evolving fraud patterns. We will explore
solutions such as oversampling
techniques and adaptive learning to
address these challenges and improve
fraud detection accuracy.
Conclusion In conclusion, leveraging machine learning in
Python enhances credit card fraud detection by
improving accuracy and efficiency. By utilizing
advanced algorithms and Python libraries,
financial institutions can effectively combat
fraudulent activities and safeguard customer
assets.
Thanks!