Automated Fraud Detection System In Commercial Bank

ABSTRACT

 This seminar, fraud detection system in banks is a software package that is designed to help and improve the security of transactions in banks. Due to the high rate of fraud in the banking sector which has resulted in loss of billions of money worldwide in each year, several modern techniques in detecting fraud are continually developed and applied to many business fields. In this system, accounts must be confirmed before transactions are made. The goal of this work is to provide a comprehensive review of different techniques to detect frauds. Several methods of data collection were used and at the end of the day, brought about the success of this work. This fraud detection system in banks will go a long way in securing bank transactions thereby reducing the high rate of bank fraud where people try to access unauthorized accounts. The software was developed using VB.Netprogramming language and this language was chosen because of its easy syntax and structure for developing windows based applications and Access as database.