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Improving Fraud Detection with 1D-Convolutional Spiking Neural Networks Through Bayesian Optimization

16 Nov 2024EPIA Conference on Artificial Intelligence 2024 11archive 2025-07-28

Dylan Perdigão, Francisco Antunes, Catarina Silva, Bernardete Ribeiro

The digitalization of the banking sector has enabled an increasing number of fraudulent activities in the past years. The development of new practical solutions for fraud detection is particularly challenging since the industry needs to respect a 5% threshold of false detection of fraud, avoiding monetary losses. The usage of traditional machine learning algorithms faces other challenges, such as classification discrimination and high energy consumption. Spiking Neural Networks, designed to mimic the brain’s natural processes, present a compelling alternative. Particularly on neuromorphic hardware, they exhibit remarkable energy efficiency, paving the way for the advancement of sustainable Artificial Intelligence. Our approach consists of applying 1D-Convolutional Spiking Neural Networks to improve fraud detection on the Bank Account Fraud dataset with the Bayesian optimization of hyperparameters. As a result, we show that these architectures can solve the problem of biased data while maintaining algorithm performance when compared against more traditional approaches such as Gradient Boosting models. Moreover, we lay out the Bayesian optimization process for the hyperparameters, thereby enhancing the performance of these algorithms.

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Tasks

Bayesian OptimizationFairnessFraud Detection

Results from the paper archive 2025-07-28

TaskDatasetModelMetricValueRank at snapshotLeaderboardReport
Fairness BAF – Base 1D-CSNN Predictive Equality (age) 99.86% #1 of 2 Archive leaderboard report
Fraud Detection BAF – Base 1D-CSNN Recall @ 5% FPR 50.35% #10 of 12 Archive leaderboard report

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