Keyword

Artificial intelligence, Financial fraud, Honey badger algorithm, Internal audit, Machine learning

Abstract

This paper describes a new approach to financial fraud detection that is informed by both artificial intelligence and machine learning.  It proposes, then tests with a simulated database of transactions, a metaheuristic algorithm based on two-layer deep learning.  Employing a simple adaptation to a basic deep learning model that applies a hybridized honey badger modification, demonstrably higher quality outcomes were obtained than with commonly used competing models.


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