BankNet: Real-Time Big Data Analytics for Secure Internet Banking
The rapid growth of Internet banking has necessitated advanced systems for secure, real-time decision making. This paper introduces BankNet, a predictive analytics framework integrating big data tools and a BiLSTM neural network to deliver high-accuracy transaction analysis. BankNet achieves excepti...
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| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2025-01-01
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| Series: | Big Data and Cognitive Computing |
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| Online Access: | https://www.mdpi.com/2504-2289/9/2/24 |
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| _version_ | 1850080557704151040 |
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| author | Kaushik Sathupadi Sandesh Achar Shinoy Vengaramkode Bhaskaran Nuruzzaman Faruqui Jia Uddin |
| author_facet | Kaushik Sathupadi Sandesh Achar Shinoy Vengaramkode Bhaskaran Nuruzzaman Faruqui Jia Uddin |
| author_sort | Kaushik Sathupadi |
| collection | DOAJ |
| description | The rapid growth of Internet banking has necessitated advanced systems for secure, real-time decision making. This paper introduces BankNet, a predictive analytics framework integrating big data tools and a BiLSTM neural network to deliver high-accuracy transaction analysis. BankNet achieves exceptional predictive performance, with a Root Mean Squared Error of 0.0159 and fraud detection accuracy of 98.5%, while efficiently handling data rates up to 1000 Mbps with minimal latency. By addressing critical challenges in fraud detection and operational efficiency, BankNet establishes itself as a robust decision support system for modern Internet banking. Its scalability and precision make it a transformative tool for enhancing security and trust in financial services. |
| format | Article |
| id | doaj-art-ab97368fc5b442ee85bad0bdd9b2a9cf |
| institution | DOAJ |
| issn | 2504-2289 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Big Data and Cognitive Computing |
| spelling | doaj-art-ab97368fc5b442ee85bad0bdd9b2a9cf2025-08-20T02:44:55ZengMDPI AGBig Data and Cognitive Computing2504-22892025-01-01922410.3390/bdcc9020024BankNet: Real-Time Big Data Analytics for Secure Internet BankingKaushik Sathupadi0Sandesh Achar1Shinoy Vengaramkode Bhaskaran2Nuruzzaman Faruqui3Jia Uddin4Google LLC., Sunnyvale, CA 94089, USADepartment of Software Engineering, Walmart Global Tech, Sunnyvale, CA 94086, USAZoom Video Communications, Sanjose, CA 95113, USADepartment of Software Engineering, Daffodil International University, Daffodil Smart City, Birulia, Dhaka 1216, BangladeshAI and Big Data Department, Endicott College, Woosong University, Daejeon 34606, Republic of KoreaThe rapid growth of Internet banking has necessitated advanced systems for secure, real-time decision making. This paper introduces BankNet, a predictive analytics framework integrating big data tools and a BiLSTM neural network to deliver high-accuracy transaction analysis. BankNet achieves exceptional predictive performance, with a Root Mean Squared Error of 0.0159 and fraud detection accuracy of 98.5%, while efficiently handling data rates up to 1000 Mbps with minimal latency. By addressing critical challenges in fraud detection and operational efficiency, BankNet establishes itself as a robust decision support system for modern Internet banking. Its scalability and precision make it a transformative tool for enhancing security and trust in financial services.https://www.mdpi.com/2504-2289/9/2/24Internet bankingreal-time analyticsbig dataBiLSTM networkneural networkfraud detection |
| spellingShingle | Kaushik Sathupadi Sandesh Achar Shinoy Vengaramkode Bhaskaran Nuruzzaman Faruqui Jia Uddin BankNet: Real-Time Big Data Analytics for Secure Internet Banking Big Data and Cognitive Computing Internet banking real-time analytics big data BiLSTM network neural network fraud detection |
| title | BankNet: Real-Time Big Data Analytics for Secure Internet Banking |
| title_full | BankNet: Real-Time Big Data Analytics for Secure Internet Banking |
| title_fullStr | BankNet: Real-Time Big Data Analytics for Secure Internet Banking |
| title_full_unstemmed | BankNet: Real-Time Big Data Analytics for Secure Internet Banking |
| title_short | BankNet: Real-Time Big Data Analytics for Secure Internet Banking |
| title_sort | banknet real time big data analytics for secure internet banking |
| topic | Internet banking real-time analytics big data BiLSTM network neural network fraud detection |
| url | https://www.mdpi.com/2504-2289/9/2/24 |
| work_keys_str_mv | AT kaushiksathupadi banknetrealtimebigdataanalyticsforsecureinternetbanking AT sandeshachar banknetrealtimebigdataanalyticsforsecureinternetbanking AT shinoyvengaramkodebhaskaran banknetrealtimebigdataanalyticsforsecureinternetbanking AT nuruzzamanfaruqui banknetrealtimebigdataanalyticsforsecureinternetbanking AT jiauddin banknetrealtimebigdataanalyticsforsecureinternetbanking |