Enhancing security in financial transactions: a novel blockchain-based federated learning framework for detecting counterfeit data in fintech.

ABSTRACT: Fintech is an industry that uses technology to enhance and automate financial services. Fintech firms use software, mobile apps, and digital technologies to provide financial services that are faster, more efficient, and more accessible than those provided by traditional banks and financial institutions. Fintech companies take care of processes such as lending, payment processing, personal finance, and insurance, among other financial services. A data breach refers to a security liability when unapproved individuals gain access to or pilfer susceptible data. Data breaches pose a significant financial, reputational, and legal liability for companies. In 2017, Equifax suffered a data breach that revealed the personal information of over 143 million customers. Combining federated learning (FL

SUBMITTER: Rabbani H 

PROVIDER: S-EPMC11622837 | biostudies-literature | 2024

REPOSITORIES: biostudies-literature