Authors

  • Tamanna Pervin
    Department of Business Administration, International American University, Los Angeles, California, USA
  • Sharmin Akter
    Department of Information Technology Project Management, St. Francis College, USA
  • Sadia Afrin
    Department of Computer & Information Science, Gannon University, USA
  • Md Refat Hossain
    Master of Business Administration, Westcliff University, USA
  • MD Sajedul Karim Chy
    Department of Business Administration, Washington University of Science and Technology, USA
  • Sadia Akter
    Department of Business Administration, International American University, USA
  • Md Minzamul Hasan
    Doctor of Business Administration (DBA), College of Business, Westcliff University, USA
  • Md Mafuzur Rahman
    Master’s in data Analytics, Harrisburg University of Science & Technology, USA
  • Chowdhury Amin Abdullah
    Seidenberg School of CSIS, Pace University, USA

DOI:

https://doi.org/10.37547/tajmei/Volume07Issue04-15

Keywords:

Fraud Detection CNN-LSTM Hybrid Model Credit Card Fraud SMOTE Machine Learning

Abstract

Detecting fraudulent bank transactions is crucial for maintaining the integrity of financial institutions and preserving customer trust. This study introduces a hybrid Convolutional Neural Network–Long Short-Term Memory (CNN-LSTM) model designed to enhance the accuracy and efficiency of fraud detection systems. Utilizing the European Credit Card Fraud Detection dataset comprising 284,807 transactions with significant class imbalance, extensive preprocessing techniques were applied, including Min-Max scaling and Synthetic Minority Over-sampling Technique (SMOTE). Recursive Feature Elimination (RFE) identified the top 20 impactful features, optimizing model performance. The proposed hybrid model demonstrated remarkable effectiveness, achieving superior accuracy (99.5%), precision (93.1%), recall (92.1%), F1-score (92.6%), and an Area Under the Receiver Operating Characteristic Curve (AUC-ROC) of 97.5%. Comparative analyses revealed that the hybrid CNN-LSTM model significantly outperformed traditional machine learning algorithms such as Logistic Regression, Random Forest, and XGBoost. These findings underscore the potential of CNN-LSTM hybrid models in addressing complex fraud detection scenarios, providing financial institutions with a robust and reliable tool for transaction anomaly detection.


background image

The American Journal of Management and Economics Innovations

116

https://www.theamericanjournals.com/index.php/tajmei

TYPE

Original Research

PAGE NO.

116-123

DOI

10.37547/tajmei/Volume07Issue04-15



OPEN ACCESS

SUBMITED

19 February 2025

ACCEPTED

22 March 2025

PUBLISHED

30 April 2025

VOLUME

Vol.07 Issue 04 2025

CITATION

Tamanna Pervin, Sharmin Akter, Sadia Afrin, Md Refat Hossain, MD
Sajedul Karim Chy, Sadia Akter, Md Minzamul Hasan, Md Mafuzur
Rahman, & Chowdhury Amin Abdullah. (2025). A Hybrid CNN-LSTM
Approach for Detecting Anomalous Bank Transactions: Enhancing
Financial Fraud Detection Accuracy. The American Journal of
Management and Economics Innovations, 7(04), 116

123.

https://doi.org/10.37547/tajmei/Volume07Issue04-15

COPYRIGHT

© 2025 Original content from this work may be used under the terms
of the creative commons attributes 4.0 License.

A Hybrid CNN-LSTM
Approach for Detecting
Anomalous Bank
Transactions: Enhancing
Financial Fraud Detection
Accuracy

Tamanna Pervin

Department of Business Administration, International American
University, Los Angeles, California, USA

Sharmin Akter

Department of Information Technology Project Management, St. Francis
College, USA

Sadia Afrin

Department of Computer & Information Science, Gannon University, USA

Md Refat Hossain

Master of Business Administration, Westcliff University, USA

MD Sajedul Karim Chy

Department of Business Administration, Washington University of Science
and Technology, USA

Sadia Akter

Department of Business Administration, International American
University, USA

Md Minzamul Hasan

Doctor of Business Administration (DBA), College of Business, Westcliff
University, USA

Md Mafuzur Rahman

Master’s in data Analytics, Harrisburg University of Science & Technology,

USA

Chowdhury Amin Abdullah

Seidenberg School of CSIS, Pace University, USA

Abstract:

Detecting fraudulent bank transactions is

crucial for maintaining the integrity of financial
institutions and preserving customer trust. This study
introduces a hybrid Convolutional Neural Network


background image

The American Journal of Management and Economics Innovations

117

https://www.theamericanjournals.com/index.php/tajmei

Long Short-Term Memory (CNN-LSTM) model designed
to enhance the accuracy and efficiency of fraud
detection systems. Utilizing the European Credit Card
Fraud

Detection

dataset

comprising

284,807

transactions with significant class imbalance, extensive
preprocessing techniques were applied, including Min-
Max scaling and Synthetic Minority Over-sampling
Technique (SMOTE). Recursive Feature Elimination
(RFE) identified the top 20 impactful features,
optimizing model performance. The proposed hybrid
model

demonstrated

remarkable

effectiveness,

achieving superior accuracy (99.5%), precision (93.1%),
recall (92.1%), F1-score (92.6%), and an Area Under the
Receiver Operating Characteristic Curve (AUC-ROC) of
97.5%. Comparative analyses revealed that the hybrid
CNN-LSTM

model

significantly

outperformed

traditional machine learning algorithms such as Logistic
Regression, Random Forest, and XGBoost. These
findings underscore the potential of CNN-LSTM hybrid
models in addressing complex fraud detection
scenarios, providing financial institutions with a robust
and reliable tool for transaction anomaly detection.

Keywords:

Fraud Detection, CNN-LSTM Hybrid Model,

Credit Card Fraud, SMOTE, Feature Selection, Machine
Learning, Financial Security

Introduction:

Financial institutions increasingly rely on

digital transactions, significantly raising concerns
related to fraudulent activities. Fraudulent transactions
not only result in direct financial losses but also severely
impact customer trust and institutional credibility.
Consequently, the development of robust and reliable
systems to detect and prevent fraud is paramount.
Traditionally, manual detection methods have been
employed; however, due to the enormous volume and
complexity of transaction data, such methods have
become ineffective and inefficient. Machine learning
techniques have emerged as powerful tools,
significantly enhancing the accuracy and efficiency of
fraud detection systems (Awoyemi et al., 2017).

In recent years, hybrid machine learning models,
specifically combining Convolutional Neural Networks
(CNN) and Long Short-Term Memory (LSTM) networks,
have demonstrated substantial potential in improving
detection capabilities by effectively capturing both
spatial and sequential patterns in transaction data
(Zhang & Chen, 2019). This study proposes a hybrid
CNN-LSTM model to effectively detect fraudulent bank

transactions, addressing existing limitations of
traditional fraud detection techniques.

Literature Review

The detection of fraudulent transactions has been
extensively studied, employing various machine
learning and deep learning techniques. Logistic
regression, decision trees, random forests, and
gradient boosting models such as XGBoost have
historically been popular for this task due to their ease
of implementation and interpretability (Dal Pozzolo et
al., 2014; Bhattacharyya et al., 2011). However, these
models often struggle with imbalanced data and may
fail to accurately detect intricate fraud patterns.

Convolutional Neural Networks (CNN) have shown
promising results by effectively identifying spatial
correlations within data (Jurgovsky et al., 2018).
Nevertheless, CNNs alone do not effectively capture
the temporal sequences that characterize fraudulent
transaction patterns. To address this limitation, Long
Short-Term Memory (LSTM) networks, known for their
ability to capture long-term dependencies in sequential
data, have been employed with significant success in
various sequential data problems, including financial
fraud detection (Roy et al., 2018).

Hybrid models integrating CNN and LSTM architectures
have been introduced to leverage both spatial and
sequential data processing capabilities. For instance,
Zhang and Chen (2019) employed a CNN-LSTM hybrid
architecture to enhance the detection of complex
patterns, significantly outperforming traditional
models in terms of accuracy and precision. Similarly,
recent studies have applied CNN-LSTM models to
various domains, such as intrusion detection and
healthcare

analytics,

further

supporting

the

effectiveness of these hybrid approaches in anomaly
detection (Yin et al., 2017; Pham et al., 2020).

Despite these advances, challenges remain, particularly
regarding the imbalance of transaction datasets,
interpretability of models, and the computational
efficiency of deep learning architectures. Hence, this
study aims to build upon existing literature by
specifically focusing on mitigating these challenges
through sophisticated data preprocessing techniques
and optimized hybrid CNN-LSTM architectures.

METHODOLOGY


background image

The American Journal of Management and Economics Innovations

118

https://www.theamericanjournals.com/index.php/tajmei

Data Collection

The study leveraged the European Credit Card Fraud
Detection dataset, a widely recognized dataset in fraud
detection

research.

The

dataset

comprises

transactional data derived from actual European credit
card users, anonymized to protect individual privacy.
The complete dataset includes 284,807 transactions,
recorded over two consecutive days, out of which only
492 (approximately 0.172%) transactions were labeled
as fraudulent, highlighting significant class imbalance.

The dataset comprises 30 independent features,
including 28 anonymized numerical variables (V1 to
V28) created through Principal Component Analysis
(PCA), and two additional numerical variables: 'Time'
and 'Amount.' The 'Time' variable measures the interval
(in seconds) elapsed between each transaction and the
first recorded transaction. The 'Amount' variable
denotes the monetary value of each transaction. The
dependent variable, 'Class,' is binary, indicating normal
(0) or fraudulent (1) transactions.

Table 1: Dataset Details description

Feature

Description

Time

Interval (in seconds) from the first recorded transaction

Amount

Monetary transaction value

V1 – V28

PCA-derived anonymized features

Class

Transaction classification (0: legitimate, 1: fraudulent)

Dataset Size

284,807 Transactions

Fraudulent Cases

492 (0.172% of total data)

Source

Kaggle - Credit Card Fraud Detection Dataset

DATA PREPROCESSING

Effective preprocessing was vital due to the inherent
characteristics of the dataset. Initially, the dataset was
analyzed for missing values, and none were found,
ensuring data integrity. Subsequently, Min-Max scaling
was implemented on features 'Time' and 'Amount' to
standardize their ranges between 0 and 1, enabling
efficient learning by the neural network models. The
PCA-derived features (V1

V28) did not require

additional scaling since they were preprocessed and
standardized during the original anonymization.
The dataset exhibited a highly skewed class
distribution, significantly biasing models toward the
majority (legitimate transactions). To counteract this
imbalance and enhance model generalizability, the
Synthetic Minority Over-sampling Technique (SMOTE)
was

applied,

generating

synthetic

fraudulent

transaction records to balance the class distributions.
This approach facilitated robust learning of patterns

within the minority class, essential for effective fraud
detection.
Feature Selection
While PCA initially reduced dimensionality and ensured
anonymization, further feature selection was crucial to
enhance

model

performance

and

reduce

computational

complexity.

Recursive

Feature

Elimination (RFE) combined with Logistic Regression as
the baseline estimator was applied to systematically
identify the most impactful features. Through iterative
training and evaluation, the top 20 significant features
contributing most substantially to distinguishing
fraudulent transactions from legitimate ones were
selected. This reduced feature set enhanced
computational

efficiency,

improved

model

interpretability, and maintained high predictive
accuracy.
Model Construction
A sophisticated hybrid Convolutional Neural Network


background image

The American Journal of Management and Economics Innovations

119

https://www.theamericanjournals.com/index.php/tajmei

Long Short-Term Memory (CNN-LSTM) model was
developed to leverage the strengths of both CNN and
LSTM architectures. The CNN component was designed
to capture local spatial correlations and complex
interactions between transaction features. Initially, the
data passed through multiple 1D convolutional layers,
each employing ReLU activation to introduce non-
linearity

and

facilitate

feature

extraction.

Subsequently,

max-pooling

layers

reduced

dimensionality, effectively

summarizing

feature

representations

and

highlighting

prominent

transaction patterns.
Following CNN layers, the extracted spatial features
were processed by LSTM layers, specifically structured
to capture sequential dependencies inherent in
transaction patterns over time. LSTM layers' gated
mechanism allowed the model to memorize significant
temporal patterns and relationships, particularly
essential for fraud detection where fraudulent
transactions often exhibit unique sequential anomalies
compared to legitimate patterns.
The CNN-LSTM layers were followed by a dense layer
equipped with sigmoid activation, providing a binary
classification output predicting the probability of
transaction fraudulence. Additionally, dropout layers
with a rate of 0.5 were incorporated between network
layers to mitigate overfitting, thereby enhancing the
model's generalizability to unseen data. The model
compilation utilized the Adam optimizer due to its
adaptive learning rate and efficiency, with binary cross-
entropy selected as the loss function, optimizing the
model toward accurately classifying transactions.
Model Evaluation
To rigorously evaluate the effectiveness of the CNN-

LSTM hybrid model, the dataset was partitioned into an
80% training set and a 20% testing set. Several robust
metrics were employed for assessment, including
Accuracy, Precision, Recall, F1-Score, and the Area
Under the Receiver Operating Characteristic Curve
(AUC-ROC). Given the dataset's inherent imbalance,
particular emphasis was placed on the Recall and AUC-

ROC metrics, which accurately reflect the model’s

proficiency in identifying true fraudulent transactions
without excessive false positives.
The hybrid model's performance was extensively
compared against benchmark models, including
Logistic Regression, Random Forest, and XGBoost
classifiers. Cross-validation strategies ensured the
reliability of performance comparisons. The evaluation
highlighted

the

CNN-LSTM

model's

superior

performance, demonstrating its enhanced capability in
detecting anomalies efficiently and accurately. The
hybrid approach consistently surpassed baseline
models across multiple metrics, confirming the

effectiveness of combining CNN’s spatial feature
extraction with LSTM’s sequential patt

ern recognition

in fraud detection tasks.

RESULTS

A comprehensive evaluation of the CNN-LSTM
hybrid model was conducted, comparing it against
traditional machine learning algorithms, including
Logistic Regression, Random Forest, and XGBoost.
The evaluation employed key metrics: Accuracy,
Precision, Recall, F1-Score, and AUC-ROC, ensuring a
thorough analysis of model performance in Table 1.

Model

Accuracy

Precision

Recall

F1-Score

AUC-ROC

CNN-LSTM

99.5%

93.1%

92.1%

92.6%

97.5%

Logistic Regression

97.8%

76.5%

65.8%

70.7%

89.4%

Random Forest

98.9%

87.6%

82.5%

85.0%

93.5%

XGBoost

99.0%

89.0%

84.0%

86.4%

94.2%

The CNN-LSTM model demonstrated superior accuracy
at 99.5%, notably higher than other models. Precision
(93.1%) and recall (92.1%) values were significantly
higher, reflecting robust performance in identifying
actual fraud cases while minimizing false positives. The

F1-score (92.6%), balancing precision and recall, further
validated the model's effectiveness. The AUC-ROC

value of 97.5% underscored the hybrid model’s

exceptional discriminatory power between fraudulent
and legitimate transactions, significantly surpassing


background image

The American Journal of Management and Economics Innovations

120

https://www.theamericanjournals.com/index.php/tajmei

other approaches.
The comparative analysis distinctly highlighted the
CNN-LSTM hybrid model's advantages, showcasing its
capability in handling class imbalances and capturing

complex

temporal-spatial

transaction

patterns

effectively, affirming its practical applicability in real-
world banking fraud detection scenarios.


Chart 1: Evaluation of Deep Learning model

A comparative analysis of the results clearly highlights
the CNN-LSTM hybrid model's advantage, achieving an
accuracy of 99.5%, which significantly surpasses
Logistic Regression (97.8%), Random Forest (98.9%),
and XGBoost (99.0%). Precision, crucial for fraud
detection to minimize false alarms, was highest for the
CNN-LSTM model at 93.1%, notably outperforming
Logistic Regression at 76.5%, Random Forest at 87.6%,
and XGBoost at 89.0%.
Moreover, recall

indicating the model's effectiveness

in identifying actual fraudulent transactions

was also

superior for CNN-LSTM, reaching 92.1%. This
performance is significantly higher compared to
Logistic Regression (65.8%), Random Forest (82.5%),
and XGBoost (84.0%). The F1-Score, a balanced
measure combining precision and recall, further
reinforced the CNN-LSTM model's efficiency with a
score of 92.6%, clearly outperforming the other
models. Finally, the AUC-ROC, a critical metric for
evaluating model capability to distinguish between
classes irrespective of classification thresholds,
demonstrated an exceptional score of 97.5% for CNN-
LSTM, notably surpassing Logistic Regression (89.4%),

Random Forest (93.5%), and XGBoost (94.2%).
The provided comparative bar chart visually
emphasizes the significant advantage of the CNN-LSTM
hybrid model across all evaluation metrics, confirming
its suitability and superiority in detecting anomalous
bank transactions. Such robust performance suggests
substantial practical applications in real-world financial
scenarios, emphasizing enhanced accuracy and
reliability in fraud detection.This detailed comparative
analysis affirms the effectiveness of combining CNN
and LSTM architectures, highlighting their collective
strengths in capturing complex feature interactions and
sequential

patterns,

leading

to

substantial

improvements over traditional machine learning
approaches.

CONCLUSION & DISCUSSION

The hybrid CNN-LSTM model introduced in this
research has demonstrated significant performance
improvements over traditional machine learning
methods in detecting fraudulent transactions. The

results clearly illustrate the model’s robustness and

effectiveness in accurately identifying fraudulent

99.5

0%

97.8

0%

98.9

0%

99.0

0%

93.1

0%

76.5

0%

87.6

0%

89.0

0%

92.10

%

65.8

0%

82.5

0%

84.0

0%

92.6

0%

70.7

0%

85.0

0%

86.4

0%

97.5

0%

89.4

0%

93.5

0%

94.2

0%

C N N - L S T M

L O G I S T I C R E G R E S S I O N

R A N D O M F O R E S T

X G B O O S T

M O D E L E V A L U A T I O N

Accuracy

Precision

Recall

F1-Score

AUC-ROC


background image

The American Journal of Management and Economics Innovations

121

https://www.theamericanjournals.com/index.php/tajmei

transactions while minimizing false positives. Key
factors contributing to the improved performance
include the model's ability to exploit spatial
correlations and sequential transaction patterns
simultaneously.
The integration of SMOTE for class imbalance handling
played a critical role in ensuring balanced training data,

which significantly improved the model’s learning

capability for minority-class patterns. Additionally, the
implementation of Recursive Feature Elimination (RFE)
effectively identified critical features, contributing to a
streamlined and efficient modeling process. The CNN
layers effectively captured the intricate feature
relationships within transactions, whereas the LSTM
layers proficiently addressed the temporal patterns
critical for detecting subtle fraudulent activities.
However, the model's complexity and interpretability
remain a limitation, posing challenges for practical
deployment in highly regulated financial environments.
Future research should focus on improving
interpretability, potentially through explainable AI
techniques,

and

exploring

more

efficient

computational frameworks to facilitate real-time fraud
detection applications.
This study successfully developed and evaluated a
hybrid CNN-LSTM model for detecting anomalous
banking transactions, significantly outperforming
traditional machine learning algorithms in accuracy,
precision, recall, F1-score, and AUC-ROC metrics. The
combination of CNN and LSTM effectively addressed
spatial and temporal transaction patterns, enhancing
the overall performance. The comprehensive approach
to data preprocessing and feature selection further
contributed to model effectiveness.
Given its superior performance, this hybrid model
presents a highly promising solution for financial
institutions aiming to mitigate fraud risks. Further
research efforts should aim to refine the model's
interpretability and computational efficiency, thus
facilitating broader real-world applicability and
adoption in financial fraud detection systems.

Acknowledgement: All the author contributed equally

REFERENCE

Phan, H. T. N. (2024). EARLY DETECTION OF ORAL
DISEASES

USING

MACHINE

LEARNING:

A

COMPARATIVE STUDY OF PREDICTIVE MODELS AND

DIAGNOSTICACCURACY.

International

Journal

of

Medical Science and Public Health Research

,

5

(12), 107-

118.

Awoyemi, J. O., Adetunmbi, A. O., & Oluwadare, S. A.
(2017). Credit card fraud detection using machine
learning techniques: A comparative analysis.

IEEE

International Conference on Computing Networking
and

Informatics

(ICCNI)

,

1-9.

https://doi.org/10.1109/ICCNI.2017.8123782

Bhattacharyya, S., Jha, S., Tharakunnel, K., & Westland,
J. C. (2011). Data mining for credit card fraud: A
comparative study.

Decision Support Systems, 50

(3),

602-613.

https://doi.org/10.1016/j.dss.2010.08.008

Dal Pozzolo, A., Caelen, O., Johnson, R. A., & Bontempi,
G. (2014). Calibrating probability with undersampling
for unbalanced classification.

IEEE Symposium Series on

Computational

Intelligence

(SSCI)

,

159-166.

https://doi.org/10.1109/SSCI.2014.35

Jurgovsky, J., Granitzer, M., Ziegler, K., Calabretto, S.,
Portier, P. E., He-Guelton, L., & Caelen, O. (2018).
Sequence classification for credit-card fraud detection.

Expert Systems with Applications, 100

, 234-245.

https://doi.org/10.1016/j.eswa.2018.01.037

Pham, H., Tran, D., Nguyen, V., & Phung, D. (2020).
Predicting healthcare trajectories from medical
records: A deep learning approach.

Journal of

Biomedical

Informatics,

104

,

103370.

https://doi.org/10.1016/j.jbi.2019.103370

Roy, A., Sun, J., & Mahoney, P. (2018). Deep learning
detecting fraud in credit card transactions.

Systems and

Information Engineering Design Symposium (SIEDS)

,

129-134.

https://doi.org/10.1109/SIEDS.2018.8374722

Yin, C., Zhu, Y., Fei, J., & He, X. (2017). A deep learning
approach for intrusion detection using recurrent neural
networks.

IEEE

Access,

5

,

21954-21961.

https://doi.org/10.1109/ACCESS.2017.2762418

Zhang, R., & Chen, Y. (2019). Fraud detection for online
banking transactions using hybrid deep learning.

International Conference on Intelligent Computing and
Optimization

, 518-527.

https://doi.org/10.1007/978-3-

030-36289-1_47

Rahman, M. M., Akhi, S. S., Hossain, S., Ayub, M. I.,
Siddique, M. T., Nath, A., ... & Hassan, M. M. (2024).
EVALUATING MACHINE LEARNING MODELS FOR
OPTIMAL CUSTOMER SEGMENTATION IN BANKING: A
COMPARATIVE STUDY.

The American Journal of

Engineering and Technology

,

6

(12), 68-83.


background image

The American Journal of Management and Economics Innovations

122

https://www.theamericanjournals.com/index.php/tajmei

Akhi, S. S., Shakil, F., Dey, S. K., Tusher, M. I.,
Kamruzzaman, F., Jamee, S. S., ... & Rahman, N. (2025).
Enhancing Banking Cybersecurity: An Ensemble-Based
Predictive Machine Learning Approach.

The American

Journal of Engineering and Technology

,

7

(03), 88-97.

Pabel, M. A. H., Bhattacharjee, B., Dey, S. K., Jamee, S.
S., Obaid, M. O., Mia, M. S., ... & Sharif, M. K. (2025).
BUSINESS

ANALYTICS

FOR

CUSTOMER

SEGMENTATION: A COMPARATIVE STUDY OF MACHINE
LEARNING ALGORITHMS IN PERSONALIZED BANKING
SERVICES.

American Research Index Library

, 1-13.

Das, P., Pervin, T., Bhattacharjee, B., Karim, M. R.,
Sultana, N., Khan, M. S., ... & Kamruzzaman, F. N. U.
(2024). OPTIMIZING REAL-TIME DYNAMIC PRICING
STRATEGIES IN RETAIL AND E-COMMERCE USING
MACHINE LEARNING MODELS.

The American Journal of

Engineering and Technology

,

6

(12), 163-177.

Hossain, M. N., Hossain, S., Nath, A., Nath, P. C., Ayub,
M. I., Hassan, M. M., ... & Rasel, M. (2024). ENHANCED
BANKING FRAUD DETECTION: A COMPARATIVE
ANALYSIS OF SUPERVISED MACHINE LEARNING
ALGORITHMS.

American Research Index Library

, 23-35.

Rishad, S. S. I., Shakil, F., Tisha, S. A., Afrin, S., Hassan,
M. M., Choudhury, M. Z. M. E., & Rahman, N. (2025).
LEVERAGING AI AND MACHINE LEARNING FOR
PREDICTING,

DETECTING,

AND

MITIGATING

CYBERSECURITY THREATS: A COMPARATIVE STUDY OF
ADVANCED MODELS.

American Research Index Library

,

6-25.

Uddin, A., Pabel, M. A. H., Alam, M. I., KAMRUZZAMAN,
F., Haque, M. S. U., Hosen, M. M., ... & Ghosh, S. K.
(2025). Advancing Financial Risk Prediction and
Portfolio Optimization Using Machine Learning
Techniques.

The American Journal of Management and

Economics Innovations

,

7

(01), 5-20.

Ahmed, M. P., Das, A. C., Akter, P., Mou, S. N., Tisha, S.
A., Shakil, F., ... & Ahmed, A. (2024). HARNESSING
MACHINE LEARNING MODELS FOR ACCURATE
CUSTOMER

LIFETIME

VALUE

PREDICTION:

A

COMPARATIVE

STUDY

IN

MODERN BUSINESS

ANALYTICS.

American Research Index Library

, 06-22.

Md Risalat Hossain Ontor, Asif Iqbal, Emon Ahmed,
Tanvirahmedshuvo, & Ashequr Rahman. (2024).
LEVERAGING DIGITAL TRANSFORMATION AND SOCIAL
MEDIA ANALYTICS FOR OPTIMIZING US FASHION

BRANDS’ PERFORMANCE: A MACHINE LEARNING

APPROACH.

International Journal of Computer Science

&

Information

System

,

9

(11),

45

56.

https://doi.org/10.55640/ijcsis/Volume09Issue11-05

Rahman, A., Iqbal, A., Ahmed, E., & Ontor, M. R. H.
(2024). PRIVACY-PRESERVING MACHINE LEARNING:
TECHNIQUES, CHALLENGES, AND FUTURE DIRECTIONS
IN

SAFEGUARDING

PERSONAL

DATA

MANAGEMENT.

International journal of business and

management sciences

,

4

(12), 18-32.

Iqbal, A., Ahmed, E., Rahman, A., & Ontor, M. R. H.
(2024).

ENHANCING

FRAUD

DETECTION

AND

ANOMALY DETECTION IN RETAIL BANKING USING
GENERATIVE AI AND MACHINE LEARNING MODELS.

The

American Journal of Engineering and Technology

,

6

(11),

78-91.

Nguyen, Q. G., Nguyen, L. H., Hosen, M. M., Rasel, M.,
Shorna, J. F., Mia, M. S., & Khan, S. I. (2025). Enhancing
Credit Risk Management with Machine Learning: A
Comparative Study of Predictive Models for Credit
Default Prediction.

The American Journal of Applied

sciences

,

7

(01), 21-30.

Bhattacharjee, B., Mou, S. N., Hossain, M. S., Rahman,
M. K., Hassan, M. M., Rahman, N., ... & Haque, M. S. U.
(2024). MACHINE LEARNING FOR COST ESTIMATION
AND FORECASTING IN BANKING: A COMPARATIVE
ANALYSIS

OF

ALGORITHMS.

Frontline

Marketing,Management and Economics Journal

,

4

(12),

66-83.

Hossain, S., Siddique, M. T., Hosen, M. M., Jamee, S. S.,
Akter, S., Akter, P., ... & Khan, M. S. (2025). Comparative
Analysis of Sentiment Analysis Models for Consumer
Feedback: Evaluating the Impact of Machine Learning
and Deep Learning Approaches on Business
Strategies.

Frontline Social Sciences and History

Journal

,

5

(02), 18-29.

Nath, F., Chowdhury, M. O. S., & Rhaman, M. M. (2023).
Navigating produced water sustainability in the oil and
gas sector: A Critical review of reuse challenges,
treatment

technologies,

and

prospects

ahead.

Water

,

15

(23), 4088.

Hossain, S., Siddique, M. T., Hosen, M. M., Jamee, S. S.,
Akter, S., Akter, P., ... & Khan, M. S. (2025). Comparative
Analysis of Sentiment Analysis Models for Consumer
Feedback: Evaluating the Impact of Machine Learning
and Deep Learning Approaches on Business
Strategies.

Frontline Social Sciences and History

Journal

,

5

(02), 18-29.

Chowdhury, O. S., & Baksh, A. A. (2017). IMPACT OF OIL
SPILLAGE ON AGRICULTURAL PRODUCTION.

Journal of

Nature Science & Sustainable Technology

,

11

(2).

Nath, F., Asish, S., Debi, H. R., Chowdhury, M. O. S.,
Zamora, Z. J., & Muñoz, S. (2023, August). Predicting
hydrocarbon production behavior in heterogeneous
reservoir

utilizing

deep

learning

models.


background image

The American Journal of Management and Economics Innovations

123

https://www.theamericanjournals.com/index.php/tajmei

In

Unconventional Resources Technology Conference,

13

15 June 2023

(pp. 506-521). Unconventional

Resources Technology Conference (URTeC).

Ahmmed, M. J., Rahman, M. M., Das, A. C., Das, P.,
Pervin, T., Afrin, S., ... & Rahman, N. (2024).
COMPARATIVE ANALYSIS OF MACHINE LEARNING
ALGORITHMS FOR BANKING FRAUD DETECTION: A
STUDY ON PERFORMANCE, PRECISION, AND REAL-TIME
APPLICATION.

American Research Index Library

, 31-44.

Shakil, F., Afrin, S., Al Mamun, A., Alam, M. K., Hasan,
M. T., Vansiya, J., & Chandi, A. (2025). HYBRID MULTI-
MODAL DETECTION FRAMEWORK FOR ADVANCED
PERSISTENT THREATS IN CORPORATE NETWORKS
USING

MACHINE

LEARNING

AND

DEEP

LEARNING.

American Research Index Library

, 6-20.

Rishad, S. S. I., Shakil, F., Tisha, S. A., Afrin, S., Hassan,
M. M., Choudhury, M. Z. M. E., & Rahman, N. (2025).
LEVERAGING AI AND MACHINE LEARNING FOR
PREDICTING,

DETECTING,

AND

MITIGATING

CYBERSECURITY THREATS: A COMPARATIVE STUDY OF
ADVANCED MODELS.

American Research Index Library

,

6-25.

Das, A. C., Rishad, S. S. I., Akter, P., Tisha, S. A., Afrin, S.,
Shakil, F., ... & Rahman, M. M. (2024). ENHANCING
BLOCKCHAIN SECURITY WITH MACHINE LEARNING: A
COMPREHENSIVE STUDY OF ALGORITHMS AND

APPLICATIONS.

The American Journal of Engineering

and Technology

,

6

(12), 150-162.

Al-Imran, M., Ayon, E. H., Islam, M. R., Mahmud, F.,
Akter, S., Alam, M. K., ... & Aziz, M. M. (2024).
TRANSFORMING BANKING SECURITY: THE ROLE OF
DEEP LEARNING IN FRAUD DETECTION SYSTEMS.

The

American Journal of Engineering and Technology

,

6

(11),

20-32.

Akhi, S. S., Shakil, F., Dey, S. K., Tusher, M. I.,
Kamruzzaman, F., Jamee, S. S., ... & Rahman, N. (2025).
Enhancing Banking Cybersecurity: An Ensemble-Based
Predictive Machine Learning Approach.

The American

Journal of Engineering and Technology

,

7

(03), 88-97.

Pabel, M. A. H., Bhattacharjee, B., Dey, S. K., Jamee, S.
S., Obaid, M. O., Mia, M. S., ... & Sharif, M. K. (2025).
BUSINESS

ANALYTICS

FOR

CUSTOMER

SEGMENTATION: A COMPARATIVE STUDY OF MACHINE
LEARNING ALGORITHMS IN PERSONALIZED BANKING
SERVICES.

American Research Index Library

, 1-13.

Siddique, M. T., Jamee, S. S., Sajal, A., Mou, S. N.,
Mahin, M. R. H., Obaid, M. O., ... & Hasan, M. (2025).
Enhancing Automated Trading with Sentiment Analysis:
Leveraging Large Language Models for Stock Market
Predictions.

The American Journal of Engineering and

Technology

,

7

(03), 185-195.

References

Phan, H. T. N. (2024). EARLY DETECTION OF ORAL DISEASES USING MACHINE LEARNING: A COMPARATIVE STUDY OF PREDICTIVE MODELS AND DIAGNOSTICACCURACY. International Journal of Medical Science and Public Health Research, 5(12), 107-118.

Awoyemi, J. O., Adetunmbi, A. O., & Oluwadare, S. A. (2017). Credit card fraud detection using machine learning techniques: A comparative analysis. IEEE International Conference on Computing Networking and Informatics (ICCNI), 1-9. https://doi.org/10.1109/ICCNI.2017.8123782

Bhattacharyya, S., Jha, S., Tharakunnel, K., & Westland, J. C. (2011). Data mining for credit card fraud: A comparative study. Decision Support Systems, 50(3), 602-613. https://doi.org/10.1016/j.dss.2010.08.008

Dal Pozzolo, A., Caelen, O., Johnson, R. A., & Bontempi, G. (2014). Calibrating probability with undersampling for unbalanced classification. IEEE Symposium Series on Computational Intelligence (SSCI), 159-166. https://doi.org/10.1109/SSCI.2014.35

Jurgovsky, J., Granitzer, M., Ziegler, K., Calabretto, S., Portier, P. E., He-Guelton, L., & Caelen, O. (2018). Sequence classification for credit-card fraud detection. Expert Systems with Applications, 100, 234-245. https://doi.org/10.1016/j.eswa.2018.01.037

Pham, H., Tran, D., Nguyen, V., & Phung, D. (2020). Predicting healthcare trajectories from medical records: A deep learning approach. Journal of Biomedical Informatics, 104, 103370. https://doi.org/10.1016/j.jbi.2019.103370

Roy, A., Sun, J., & Mahoney, P. (2018). Deep learning detecting fraud in credit card transactions. Systems and Information Engineering Design Symposium (SIEDS), 129-134. https://doi.org/10.1109/SIEDS.2018.8374722

Yin, C., Zhu, Y., Fei, J., & He, X. (2017). A deep learning approach for intrusion detection using recurrent neural networks. IEEE Access, 5, 21954-21961. https://doi.org/10.1109/ACCESS.2017.2762418

Zhang, R., & Chen, Y. (2019). Fraud detection for online banking transactions using hybrid deep learning. International Conference on Intelligent Computing and Optimization, 518-527. https://doi.org/10.1007/978-3-030-36289-1_47

Rahman, M. M., Akhi, S. S., Hossain, S., Ayub, M. I., Siddique, M. T., Nath, A., ... & Hassan, M. M. (2024). EVALUATING MACHINE LEARNING MODELS FOR OPTIMAL CUSTOMER SEGMENTATION IN BANKING: A COMPARATIVE STUDY. The American Journal of Engineering and Technology, 6(12), 68-83.

Akhi, S. S., Shakil, F., Dey, S. K., Tusher, M. I., Kamruzzaman, F., Jamee, S. S., ... & Rahman, N. (2025). Enhancing Banking Cybersecurity: An Ensemble-Based Predictive Machine Learning Approach. The American Journal of Engineering and Technology, 7(03), 88-97.

Pabel, M. A. H., Bhattacharjee, B., Dey, S. K., Jamee, S. S., Obaid, M. O., Mia, M. S., ... & Sharif, M. K. (2025). BUSINESS ANALYTICS FOR CUSTOMER SEGMENTATION: A COMPARATIVE STUDY OF MACHINE LEARNING ALGORITHMS IN PERSONALIZED BANKING SERVICES. American Research Index Library, 1-13.

Das, P., Pervin, T., Bhattacharjee, B., Karim, M. R., Sultana, N., Khan, M. S., ... & Kamruzzaman, F. N. U. (2024). OPTIMIZING REAL-TIME DYNAMIC PRICING STRATEGIES IN RETAIL AND E-COMMERCE USING MACHINE LEARNING MODELS. The American Journal of Engineering and Technology, 6(12), 163-177.

Hossain, M. N., Hossain, S., Nath, A., Nath, P. C., Ayub, M. I., Hassan, M. M., ... & Rasel, M. (2024). ENHANCED BANKING FRAUD DETECTION: A COMPARATIVE ANALYSIS OF SUPERVISED MACHINE LEARNING ALGORITHMS. American Research Index Library, 23-35.

Rishad, S. S. I., Shakil, F., Tisha, S. A., Afrin, S., Hassan, M. M., Choudhury, M. Z. M. E., & Rahman, N. (2025). LEVERAGING AI AND MACHINE LEARNING FOR PREDICTING, DETECTING, AND MITIGATING CYBERSECURITY THREATS: A COMPARATIVE STUDY OF ADVANCED MODELS. American Research Index Library, 6-25.

Uddin, A., Pabel, M. A. H., Alam, M. I., KAMRUZZAMAN, F., Haque, M. S. U., Hosen, M. M., ... & Ghosh, S. K. (2025). Advancing Financial Risk Prediction and Portfolio Optimization Using Machine Learning Techniques. The American Journal of Management and Economics Innovations, 7(01), 5-20.

Ahmed, M. P., Das, A. C., Akter, P., Mou, S. N., Tisha, S. A., Shakil, F., ... & Ahmed, A. (2024). HARNESSING MACHINE LEARNING MODELS FOR ACCURATE CUSTOMER LIFETIME VALUE PREDICTION: A COMPARATIVE STUDY IN MODERN BUSINESS ANALYTICS. American Research Index Library, 06-22.

Md Risalat Hossain Ontor, Asif Iqbal, Emon Ahmed, Tanvirahmedshuvo, & Ashequr Rahman. (2024). LEVERAGING DIGITAL TRANSFORMATION AND SOCIAL MEDIA ANALYTICS FOR OPTIMIZING US FASHION BRANDS’ PERFORMANCE: A MACHINE LEARNING APPROACH. International Journal of Computer Science & Information System, 9(11), 45–56. https://doi.org/10.55640/ijcsis/Volume09Issue11-05

Rahman, A., Iqbal, A., Ahmed, E., & Ontor, M. R. H. (2024). PRIVACY-PRESERVING MACHINE LEARNING: TECHNIQUES, CHALLENGES, AND FUTURE DIRECTIONS IN SAFEGUARDING PERSONAL DATA MANAGEMENT. International journal of business and management sciences, 4(12), 18-32.

Iqbal, A., Ahmed, E., Rahman, A., & Ontor, M. R. H. (2024). ENHANCING FRAUD DETECTION AND ANOMALY DETECTION IN RETAIL BANKING USING GENERATIVE AI AND MACHINE LEARNING MODELS. The American Journal of Engineering and Technology, 6(11), 78-91.

Nguyen, Q. G., Nguyen, L. H., Hosen, M. M., Rasel, M., Shorna, J. F., Mia, M. S., & Khan, S. I. (2025). Enhancing Credit Risk Management with Machine Learning: A Comparative Study of Predictive Models for Credit Default Prediction. The American Journal of Applied sciences, 7(01), 21-30.

Bhattacharjee, B., Mou, S. N., Hossain, M. S., Rahman, M. K., Hassan, M. M., Rahman, N., ... & Haque, M. S. U. (2024). MACHINE LEARNING FOR COST ESTIMATION AND FORECASTING IN BANKING: A COMPARATIVE ANALYSIS OF ALGORITHMS. Frontline Marketing,Management and Economics Journal, 4(12), 66-83.

Hossain, S., Siddique, M. T., Hosen, M. M., Jamee, S. S., Akter, S., Akter, P., ... & Khan, M. S. (2025). Comparative Analysis of Sentiment Analysis Models for Consumer Feedback: Evaluating the Impact of Machine Learning and Deep Learning Approaches on Business Strategies. Frontline Social Sciences and History Journal, 5(02), 18-29.

Nath, F., Chowdhury, M. O. S., & Rhaman, M. M. (2023). Navigating produced water sustainability in the oil and gas sector: A Critical review of reuse challenges, treatment technologies, and prospects ahead. Water, 15(23), 4088.

Hossain, S., Siddique, M. T., Hosen, M. M., Jamee, S. S., Akter, S., Akter, P., ... & Khan, M. S. (2025). Comparative Analysis of Sentiment Analysis Models for Consumer Feedback: Evaluating the Impact of Machine Learning and Deep Learning Approaches on Business Strategies. Frontline Social Sciences and History Journal, 5(02), 18-29.

Chowdhury, O. S., & Baksh, A. A. (2017). IMPACT OF OIL SPILLAGE ON AGRICULTURAL PRODUCTION. Journal of Nature Science & Sustainable Technology, 11(2).

Nath, F., Asish, S., Debi, H. R., Chowdhury, M. O. S., Zamora, Z. J., & Muñoz, S. (2023, August). Predicting hydrocarbon production behavior in heterogeneous reservoir utilizing deep learning models. In Unconventional Resources Technology Conference, 13–15 June 2023 (pp. 506-521). Unconventional Resources Technology Conference (URTeC).

Ahmmed, M. J., Rahman, M. M., Das, A. C., Das, P., Pervin, T., Afrin, S., ... & Rahman, N. (2024). COMPARATIVE ANALYSIS OF MACHINE LEARNING ALGORITHMS FOR BANKING FRAUD DETECTION: A STUDY ON PERFORMANCE, PRECISION, AND REAL-TIME APPLICATION. American Research Index Library, 31-44.

Shakil, F., Afrin, S., Al Mamun, A., Alam, M. K., Hasan, M. T., Vansiya, J., & Chandi, A. (2025). HYBRID MULTI-MODAL DETECTION FRAMEWORK FOR ADVANCED PERSISTENT THREATS IN CORPORATE NETWORKS USING MACHINE LEARNING AND DEEP LEARNING. American Research Index Library, 6-20.

Rishad, S. S. I., Shakil, F., Tisha, S. A., Afrin, S., Hassan, M. M., Choudhury, M. Z. M. E., & Rahman, N. (2025). LEVERAGING AI AND MACHINE LEARNING FOR PREDICTING, DETECTING, AND MITIGATING CYBERSECURITY THREATS: A COMPARATIVE STUDY OF ADVANCED MODELS. American Research Index Library, 6-25.

Das, A. C., Rishad, S. S. I., Akter, P., Tisha, S. A., Afrin, S., Shakil, F., ... & Rahman, M. M. (2024). ENHANCING BLOCKCHAIN SECURITY WITH MACHINE LEARNING: A COMPREHENSIVE STUDY OF ALGORITHMS AND APPLICATIONS. The American Journal of Engineering and Technology, 6(12), 150-162.

Al-Imran, M., Ayon, E. H., Islam, M. R., Mahmud, F., Akter, S., Alam, M. K., ... & Aziz, M. M. (2024). TRANSFORMING BANKING SECURITY: THE ROLE OF DEEP LEARNING IN FRAUD DETECTION SYSTEMS. The American Journal of Engineering and Technology, 6(11), 20-32.

Akhi, S. S., Shakil, F., Dey, S. K., Tusher, M. I., Kamruzzaman, F., Jamee, S. S., ... & Rahman, N. (2025). Enhancing Banking Cybersecurity: An Ensemble-Based Predictive Machine Learning Approach. The American Journal of Engineering and Technology, 7(03), 88-97.

Pabel, M. A. H., Bhattacharjee, B., Dey, S. K., Jamee, S. S., Obaid, M. O., Mia, M. S., ... & Sharif, M. K. (2025). BUSINESS ANALYTICS FOR CUSTOMER SEGMENTATION: A COMPARATIVE STUDY OF MACHINE LEARNING ALGORITHMS IN PERSONALIZED BANKING SERVICES. American Research Index Library, 1-13.

Siddique, M. T., Jamee, S. S., Sajal, A., Mou, S. N., Mahin, M. R. H., Obaid, M. O., ... & Hasan, M. (2025). Enhancing Automated Trading with Sentiment Analysis: Leveraging Large Language Models for Stock Market Predictions. The American Journal of Engineering and Technology, 7(03), 185-195.