AI-Driven Weighted and Aggregated LSTM Model for Enhanced Credit Card Usage Monitoring and Suspect Transaction Identification
Keywords:
Sequential Memory Network, LOSTM Memory Cells, Activation FunctionsAbstract
The type of Sequential Memory Network popularly known to be the LOSTM (Long Short-Term Memory) model is created to overcome the existing problems of conventional Sequential Memory Networks in capturing long-term relationships in sequential input. It is frequently used in the domains of speech recognition, time series analysis, and natural language processing, but we employ it for payment card usage detection and activity monitoring for questionable transactions. Memory Cells, Gates , Cell State, Hidden State, Activation Functions, and Back propagation Through Time are just a few of the essential elements and processes that make up an LOSTM model. The proposed model offer a weighted and aggregated model with a change to the standard LOSTM model to provide better accuracy than the existing standard LOSTM model. The performance of the model is compared with GRU 2020, SVM(2021) ,KNN(2021) and ANN(2021) using accuracy, precision and recall parameters.
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