Energizing blockchain and Artificial Intelligence for enhanced fraud detection in modern banking systems
Authors
Mohammad Kasedullah
(Computer Science and Engineering)
Abstract
This paper explores the synergistic integration of blockchain and Artificial Intelligence (AI) to enhance fraud detectionin modern banking systems. By leveraging blockchain’s immutable ledger and AI’s advanced pattern recognitioncapabilities, financial institutions can achieve real-time, transparent, and accurate identification of fraudulent activities.This integration not only strengthens security and trust but also addresses challenges related to data privacy, regulatorycompliance, and evolving fraud tactics. The study highlights the transformative potential of combining thesetechnologies to create resilient and adaptive fraud prevention frameworks in the banking sector.
