Predicting Mobile Money Transaction Fraud using Machine Learning Algorithms
Bibliographic record
Abstract
The ease with which mobile money is used to facilitate cross-border payments presents a global threat to law enforcement in the fight against laundering and terrorist financing. This paper aims to use machine learning classifiers to predict transactions flagged as a fraud in mobile money transfers. Data for this paper came from real-time transactions that stimulate a well-known mobile transfer fraud scheme. This paper uses logistic regression as the baseline model and compares it with ensembles and gradient descent models. The results indicate that the established logistic regression model did not perform too poorly compared to the other models. The random forest classifier had the most outstanding performance among all measures. The amount of money transferred was the top feature to predict money laundering transactions through mobile money transfers. These findings suggest that more research is needed to improve the logistic regression model. The random forest classifier should be further explored as a potential tool for law enforcement and financial institutions to detect money laundering activities in mobile money transfers.
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How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.003 | 0.010 |
| Meta-epidemiology (narrow) | 0.001 | 0.000 |
| Meta-epidemiology (broad) | 0.001 | 0.001 |
| Bibliometrics | 0.004 | 0.002 |
| Science and technology studies | 0.001 | 0.000 |
| Scholarly communication | 0.002 | 0.001 |
| Open science | 0.001 | 0.001 |
| Research integrity | 0.001 | 0.001 |
| Insufficient payload (model declined to judge) | 0.001 | 0.001 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".