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Implementation of Artificial Intelligence in Fraud Detection and Prevention Through a Systematic Literature Review and Its Implications for the Financial Sector Eko Budi Satoto; Yohanes Gunawan Wibowo
Ilomata International Journal of Management Vol. 7 No. 1 (2026): January 2026
Publisher : Yayasan Sinergi Kawula Muda

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61194/ijjm.v7i1.1919

Abstract

The increasing complexity of financial fraud in the Digital Era requires more advanced and adaptive detection methods. This study examines the implementation of Artificial Intelligence (AI) in fraud detection and prevention through a Systematic Literature Review (SLR), addressing a critical issue in financial technology that remains highly relevant to both academic and professional communities. Although AI-based fraud detection has been widely studied, this research provides a distinct contribution by integrating technical effectiveness with regulatory alignment. The SLR systematically analyzes studies from major academic databases such as Scopus, Web of Science, IEEE Xplore, ScienceDirect, and Google Scholar to identify key trends, challenges, and implications for the financial sector. The PRISMA framework is used to screen and evaluate relevant literature, ensuring a comprehensive and structured analysis. VOSviewer is applied to visualize key research trends and topic relationships in AI-based fraud detection. The findings indicate that machine learning and deep learning techniques significantly enhance fraud detection accuracy, surpassing traditional rule-based approaches. Natural Language Processing (NLP) has shown effectiveness in analyzing fraud-related documents, while big data analytics facilitates real-time fraud monitoring. However, challenges persist, including data imbalance, regulatory compliance, and data privacy concerns, which must be addressed for successful AI implementation. This study concludes that an integrated AI framework that combines technological advancements with strong regulatory alignment is crucial for effective fraud detection. Future research should explore empirical case studies and real-world applications to validate these theoretical findings.
Investor Sentiment as a Selective Mediator of Geopolitical and Macroeconomic Effects on IDX Composite Volatility Naurah Syifa Salsabila; Eko Budi Satoto; Moh. Halim
Ekonomis: Journal of Economics and Business Vol 10, No 2 (2026): September
Publisher : Universitas Batanghari Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33087/ekonomis.v10i2.3006

Abstract

Indonesian equity-market volatility reflects both macroeconomic information and investors’ psychological responses to that information. This study examines the effects of geopolitical risk, inflation, the exchange rate, and the policy interest rate on investor sentiment and IDX Composite volatility, and tests whether sentiment mediates those effects. Monthly data from January 2021 to May 2026 yield 63 observations after influential-observation diagnostics; S&P 500 volatility is included as a global control. Both equations are estimated with HAC/Newey–West standard errors, and mediation is tested with PROCESS Macro Model 4 using 5,000 bootstrap samples. Only the BI-Rate significantly reduces investor sentiment. Rupiah depreciation raises IDX Composite volatility, whereas investor sentiment and the policy rate reduce it. Inflation is significant in the baseline sample but not in the 65-month robustness check. Geopolitical risk is insignificant in both equations. Sentiment mediates only the interest-rate channel, and the mediation is competitive: the direct effect of the policy rate on volatility is negative, while the indirect effect through weaker sentiment is positive. Mixed orders of integration imply that the level estimates should be read as sample associations rather than long-run multipliers. Investor sentiment is therefore a selective, not universal, transmission mechanism for monetary-policy information in the Indonesian equity market.
Co-Authors Abadi Sanosra Aditya Dimas Pratama Aditya Surya Manggala Ahmad Firdaus, Ahmad Ahmad Izzuddin Ahmad Izzuddin Ainul Diniah Ainul Yaqin Amri Gunasti Andri Setiawan Andri Setiawan Anggraeni, Novi Annisa Fitriana Artiantyo Wirjo Utomo Aspirandi, Rendy Mirwan Ayu Widuri Bayu Wijayantini, Bayu Budi Santoso Budi Satria Bakti Camelia, Mirza Hidayatul Catur Palupi Daris Gunarto Dewi, Nindi Kumala Diah Ayu Lestari, Diah Ayu Duwi Antoro DWI CAHYONO Eda Endang Fatmawati Erna Ipak Rahmawati Ferdy Agustia Rahman Gunarto, Daris Hairul Anwar, Hairul Hamduwibawa, Rofi Budi Herlambang, Toni Hidayatullah, Rachmad Dando Ibin ‘Atho Illah Askany Ida Ayu Putu Sri Widnyani Insani, Iqbal Bagus Satria Iqbal Bagus Satria Insani Ira Puspitadewi S Irianti, Lutvia Ragilta Iskandar Umarie Izzudin, Ahmad Kosjoko Kosjoko Krisnadhi Hariyanto, Krisnadhi Laella Wardiah Lien Maulina Mahardika, Husein Satria Maheni Ika Sari Malik , M. Musthabiq Dzikril Maret Wijayati Masno Marjohan Mega Fatimah Rosana Mirza Hidayatul Camelia Moh. Halim Moh. Thamrin Mufarida, Nely Ana Muhammad Lutfi Muhammad Umam Mubarok Muhtar Muhtar Murtaliningtyas, Wenny Mu’ah Nanang Saiful Rizal Nathasya, Fara Ditha Naurah Syifa Salsabila Nely Ana Mufarida Ni Nyoman Putu Martini Nursaid Nursaid Nursaidah Nursaidah Nursaidah, Nursaidah Nurul Qomariah Onny Purnamayudhia P.A.N, Febriyan Palupi, Anita Dyaning Paramitha Rakhmawati Permatasari, Desta Intan Pratiwi, Yuli Eka Priyono, Pujo Puspitadewi S, Ira Putra, Alfian Perdana Putri, Mika Masarina Putri, Shafa Tamtowi Rakhmawati, Paramitha Rendy Mirwan Aspirandi Restian, Yhoni Retno Endah Supeni Rina Ari Ruliati Roshida, Alzena Rusdiyanto Rusdiyanto, Rusdiyanto Sabilla Salsa Sahida, Ayunda Septia Wulandari Samsuryaningrum, Ira Puspitadewi Sarifuddin Seno Sumowo Setiyo Ferdi Yanuar Setyawan, Ari Shafa Tamtowi Putri Sherry Adelia Sofi Aliyah Sofyan Rofi Sri Suherning Sumowo, Seno Susbiyani, Arik Suyanto Suyanto Syah, Aldi Firman Tatit Diansari Reskiputri Taufan Abadi Thamrin, Mohammad Toni Herlambang Toni Herlambang Totok Dwi Kuryanto Trisafe Lukman Candra Trixa Eka Wahyu Hidayat Umamy, Septy Holisa Umarie, Iskandar Umarie, Winda Islamiyah Valentha, Fangky Vedhia Wati, Agustina Setyo Wenny Murtaliningtyas Winahyu, Pawestri Wulandari, Dwi Agustin Yandari, Aprilya Dwi Yanuar, Setiyo Ferdi Yayah Ikhda Nevia Yohanes Gunawan Wibowo Yudyarto, Koeshar Zainullah, Anas Wahyu Zalkha Soraya