Fin Safe - Empowering Financial Security through the Synergy of Machine Learning and Blockchain

As financial risks continue to escalate, the need for innovative solutions becomes paramount. This paper introduces “Fin Safe,” a groundbreaking initiative that harnesses the power of Machine Learning (ML) and Blockchain technologies to address financial risks, with a primary focus on fraud detection in credit card approval processes. The primary goal is to develop an advanced Credit Card Approval Detection system using sophisticated algorithms and predictive modeling. Employing Support Vector Machines (SVM), k-nearest Neighbors (KNN), and Decision Trees (DT), the system achieves heightened accuracy, marking a significant departure from traditional credit evaluation methods. The integration of Blockchain technology adds an extra layer of security, incorporating key generation mechanisms and smart contracts. This not only enhances the integrity of financial data but also establishes a secure framework for credit card approval processes. “Fin Safe” is designed to adapt to individual financial profiles, diverging from conventional approaches, ensuring increased efficiency while mitigating the risks associated with human error and biases. In essence, this project offers a definitive solution to financial risks by seamlessly integrating ML and Blockchain technologies. “Fin Safe” represents a leap forward in refining a more secure and equitable credit approval process within the dynamic landscape of financial technology. It embodies efficiency, accuracy, and adaptability, marking a paradigm shift in the conventional methods of evaluating credit card applications. This paper serves as a comprehensive approach to financial risks, providing a secure and innovative solution through the synergy of ML and Blockchain technologies.