Financial Fraud Detection: A Comparative Study of Quantum Machine
  Learning Models
Nouhaila Innan Muhammad Al-Zafar Khan Mohamed Bennai
In this research, a comparative study of four Quantum Machine Learning (QML)
models was conducted for fraud detection in finance. We proved that the Quantum
Support Vector Classifier model achieved the highest performance, with F1
scores of 0.98 for fraud and non-fraud classes. Other models like the
Variational Quantum Classifier, Estimator Quantum Neural Network (QNN), and
Sampler QNN demonstrate promising results, propelling the potential of QML
classification for financial applications. While they exhibit certain
limitations, the insights attained pave the way for future enhancements and
optimisation strategies. However, challenges exist, including the need for more
efficient Quantum algorithms and larger and more complex datasets. The article
provides solutions to overcome current limitations and contributes new insights
to the field of Quantum Machine Learning in fraud detection, with important
implications for its future development.