Exploratory Data Analysis for Credit Card Fraud Detection

Abstract

In this modern era where everything is online, making a transaction is not safe anymore, so it is duty of every bank to check the transaction details and analyse them whether it's a fraud transaction or not which is not an easy task and very time consuming in the era where time is money here comes Data Science and Machine Learning algorithm to rescue us from this vital problem. This project includes to give a complete view how to solve this problem using very sophisticated Machine Learning algorithm with Credit Card Fraud Detection, which includes modelling with the past records of Credit Card Transactions with the ones who have the Fraud Transactions. Here we want to classify all the correct Fraud Transactions to avoid any misclassifications. In this project, first we have focused in data pre-processing and data transformation, then we have performed various Classification algorithm to get a model having maximum accuracy score © 2021 IEEE.