mlsanityData to 13 Oct 2026

ChequeMark: An Ensemble Machine Learning Framework for After-Hours Business Deposit Fraud Detection

arXiv 2608.21629 ↗First posted 21 Aug 2026cs.LGcited by 0

Not on the map. Why?

Abstract (arXiv)

Cheque fraud is a material risk in after-hours business deposit operations because funds may be released within one business day, while cheque clearing takes several days. This timing gap creates a fraud exposure window for financial institutions. Prior mitigation relies on static, deposit-level checks and therefore miss historical client behavior and evolving patterns. To address this gap, we propose a multi-view ensemble ML framework that combines: Extreme Gradient Boosting (XGBoost) for known fraud patterns, Isolation Forest for label-free anomaly detection, and Graph Sample and Aggregate (GraphSAGE) for relational patterns associated with transaction activities. We then combine the three outputs into a single client-level risk score. Under stable conditions, performance is comparable to XGBoost; under a targeted distribution shift, our framework performs best (F1: 83.77%, FPR: 0.69%) versus XGBoost (F1: 82.77%, FPR: 0.72%). These results indicate improved robustness to distribution shift while preserving interpretability through plain-language explanations grounded in behavioural, anomaly, and relational evidence.

Key facts. No citing papers in the map yet (data through 13 Oct 2026). Builds on 6 of its 38 references that are in the map. First posted on arXiv 21 Aug 2026.

Builds on

6 of 38 references.

References · 6

  1. 2017A Unified Approach to Interpreting Model Predictionscited by 6,515
  2. 2017Inductive Representation Learning on Large Graphscited by 6,303
  3. 2016XGBoost: A Scalable Tree Boosting Systemcited by 5,143
  4. 2016Convolutional Neural Networks on Graphs with Fast Localized Spectral Filteringcited by 2,086
  5. 2019GNNExplainer: Generating Explanations for Graph Neural Networkscited by 736
  6. 2020Alleviating the Inconsistency Problem of Applying Graph Neural Network to Fraud Detectioncited by 81

Built on by

Not cited yet.