Application of Natural Language Processing in Financial Risk Detection

Antoine Ly Benno Uthayasooriyar Tingting Wang

1 Oktober 2020

Text is the most widely used means of communication today. This data is abundant but nevertheless complex to exploit within algorithms. For years, scientists have been trying to implement different techniques that enable computers to replicate some mechanisms of human reading. During the past five years, research disrupted the capacity of the algorithms to unleash the value of text data. It brings today, many opportunities for the insurance industry.Understanding those methods and, above all, knowing how to apply them is a major challenge and key to unleash the value of text data that have been stored for many years. Processing language with computer brings many new opportunities especially in the insurance sector where reports are central in the information used by insurers. SCOR's Data Analytics team has been working on the implementation of innovative tools or products that enable the use of the latest research on text analysis. Understanding text mining techniques in insurance enhances the monitoring of the underwritten risks and many processes that finally benefit policyholders.This article proposes to explain opportunities that Natural Language Processing (NLP) are providing to insurance. It details different methods used today in practice traces back the story of them. We also illustrate the implementation of certain methods using open source libraries and python codes that we have developed to facilitate the use of these techniques.After giving a general overview on the evolution of text mining during the past few years,we share about how to conduct a full study with text mining and share some examples to serve those models into insurance products or services. Finally, we explained in more details every step that composes a Natural Language Processing study to ensure the reader can have a deep understanding on the implementation.

Chee‐Wee Tan Hefu Liu Zhao Cai + 2 lainnya

2 April 2020

Natural language processing (NLP) is gaining momentum in management research for its ability to automatically analyze and comprehend human language. Yet, despite its extensive application in manage...

S. Salloum S. Vadera T. Gaber + 1 lainnya

2022

Every year, phishing results in losses of billions of dollars and is a major threat to the Internet economy. Phishing attacks are now most often carried out by email. To better comprehend the existing research trend of phishing email detection, several review studies have been performed. However, it is important to assess this issue from different perspectives. None of the surveys have ever comprehensively studied the use of Natural Language Processing (NLP) techniques for detection of phishing except one that shed light on the use of NLP techniques for classification and training purposes, while exploring a few alternatives. To bridge the gap, this study aims to systematically review and synthesise research on the use of NLP for detecting phishing emails. Based on specific predefined criteria, a total of 100 research articles published between 2006 and 2022 were identified and analysed. We study the key research areas in phishing email detection using NLP, machine learning algorithms used in phishing detection email, text features in phishing emails, datasets and resources that have been used in phishing emails, and the evaluation criteria. The findings include that the main research area in phishing detection studies is feature extraction and selection, followed by methods for classifying and optimizing the detection of phishing emails. Amongst the range of classification algorithms, support vector machines (SVMs) are heavily utilised for detecting phishing emails. The most frequently used NLP techniques are found to be TF-IDF and word embeddings. Furthermore, the most commonly used datasets for benchmarking phishing email detection methods is the Nazario phishing corpus. Also, Python is the most commonly used one for phishing email detection. It is expected that the findings of this paper can be helpful for the scientific community, especially in the field of NLP application in cybersecurity problems. This survey also is unique in the sense that it relates works to their openly available tools and resources. The analysis of the presented works revealed that not much work had been performed on Arabic language phishing emails using NLP techniques. Therefore, many open issues are associated with Arabic phishing email detection.

Jan Sawicki M. Ganzha M. Paprzycki

3 Juli 2023

ABSTRACT Nowadays, natural language processing (NLP) is one of the most popular areas of, broadly understood, artificial intelligence. Therefore, every day, new research contributions are posted, for instance, to the arXiv repository. Hence, it is rather difficult to capture the current “state of the field” and thus, to enter it. This brought the id-art NLP techniques to analyse the NLP-focused literature. As a result, (1) meta-level knowledge, concerning the current state of NLP has been captured, and (2) a guide to use of basic NLP tools is provided. It should be noted that all the tools and the dataset described in this contribution are publicly available. Furthermore, the originality of this review lies in its full automation. This allows easy reproducibility and continuation and updating of this research in the future as new researches emerge in the field of NLP.

P. Kalpana A. Ganesh

25 April 2022

PurposeThe global pandemic COVID-19 unveils transforming the supply chain (SC) to be more resilient against unprecedented events. Identifying and assessing these risk factors is the most significant phase in supply chain risk management (SCRM). The earlier risk quantification methods make timely decision-making more complex due to their inability to provide early warning. The paper aims to propose a model for analyzing the social media data to understand the potential SC risk factors in real-time.Design/methodology/approachIn this paper, the potential of text-mining, one of the most popular Artificial Intelligence (AI)-based data analytics approaches for extracting information from social media is exploited. The model retrieves the information using Twitter streaming API from online SC forums.FindingsThe potential risk factors that disrupt SC performance are obtained from the recent data by text-mining analyses. The outcomes carry valuable insights about some contemporary SC issues due to the pandemic during the year 2021. The most frequent risk factors using rule mining techniques are also analyzed.Originality/valueThis study presents the significant role of Twitter in real-time risk identification from online SC platforms like “Supply Chain Dive”, “Supply Chain Brain” and “Supply Chain Digest”. The results indicate the significant role of data analytics in achieving accurate decision-making. Future research will extend to represent a digital twin for identifying potential risks through social media analytics, assessing risk propagation and obtaining mitigation strategies.