Starlit: Privacy-Preserving Federated Learning to Enhance Financial Fraud Detection

ePrint Report: Starlit: Privacy-Preserving Federated Learning to Enhance Financial Fraud Detection

Aydin Abadi, Bradley Doyle, Francesco Gini, Kieron Guinamard, Sasi Kumar Murakonda, Jack Liddell, Paul Mellor, Steven J. Murdoch, Mohammad Naseri, Hector Page, George Theodorakopoulos, Suzanne Weller

Federated Learning (FL) is a data-minimization approach enabling collaborative model training across diverse clients with local data, avoiding direct data exchange. However, state-of-the-art FL solutions to identify fraudulent financial transactions exhibit a subset of the following limitations. They (1) lack a formal security …

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