Multi-level Generalized Clustering Approach and Algorithm for Anomaly Detection in Internal Banking Payment Systems

In real datasets often occur cases, where variable or multiple variables have unusual values. These cases are known as anomalies or outliers. For any analysis, it is essential to detect them, because they can bias the analysis. In this paper, a robust anomaly detection method is presented, and it is based on median, rather then on mean value. The method is explained, as well as its parameters and the way how they affect the results. The method is then implemented, and used on Internal Banking Payment Systems. Analysis is given and results are presented.