Architecture of Transaction Monitoring System of Central Banks
Maxim Repin, Oleg Mikhalsky, Ekaterina Pshehotskaya
Available Online July 2017.
- https://doi.org/10.2991/aime-17.2017.106How to use a DOI?
- payment system; information security monitoring; probabilistic logic models; information security risks; initiating events
- The detection of fraud payments is one of the primary problems for cyber-security of payment services. Among all services, the exclusive ones are the payment systems of central banks regarding their critical role for financial systems, sheer volume and number of transactions and increased attention from perpetrators. One of the main mechanisms providing detection of fraud operations within interbank netting and settlement payments is a transaction monitoring system. These systems including their complexity and use-case specifics can be represented via probabilistic logic models, considered in this paper. The complete transaction monitoring system comprises several distinct algorithmic modules, which perform tiered checks for conducted payments. To increase adaptability to new types of fraud, the system architecture includes a module of model correction that allows one to detect new threat patterns and to adjust appropriate response while keeping false-positive alerts at low level.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Maxim Repin AU - Oleg Mikhalsky AU - Ekaterina Pshehotskaya PY - 2017/07 DA - 2017/07 TI - Architecture of Transaction Monitoring System of Central Banks PB - Atlantis Press SP - 654 EP - 658 SN - 2352-5401 UR - https://doi.org/10.2991/aime-17.2017.106 DO - https://doi.org/10.2991/aime-17.2017.106 ID - Repin2017/07 ER -