Spatial join selectivity using power laws
SIGMOD '00 Proceedings of the 2000 ACM SIGMOD international conference on Management of data
Efficient algorithms for mining outliers from large data sets
SIGMOD '00 Proceedings of the 2000 ACM SIGMOD international conference on Management of data
Tri-plots: scalable tools for multidimensional data mining
Proceedings of the seventh ACM SIGKDD international conference on Knowledge discovery and data mining
Algorithms for Mining Distance-Based Outliers in Large Datasets
VLDB '98 Proceedings of the 24rd International Conference on Very Large Data Bases
Finding Intensional Knowledge of Distance-Based Outliers
VLDB '99 Proceedings of the 25th International Conference on Very Large Data Bases
Distance-based outliers: algorithms and applications
The VLDB Journal — The International Journal on Very Large Data Bases
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Outlier detection is a key element for intelligent financial surveillance systems which intend to identify fraud and money laundering by discovering unusual customer behaviour pattern. The detection procedures generally fall into two categories: comparing every transaction against its account history and further more, comparing against a peer group to determine if the behavior is unusual. The later approach shows particular merits in efficiently extracting suspicious transaction and reducing false positive rate. Peer group analysis concept is largely dependent on a cross-datasets outlier detection model. In this paper, we propose a cross outlier detection model based on distance definition incorporated with the financial transaction data features. An approximation algorithm accompanied with the model is provided to optimize the computation of the deviation from tested data point to the reference dataset. An experiment based on real bank data blended with synthetic outlier cases shows promising results of our model in reducing false positive rate while enhancing the discriminative rate remarkably.