Privacy-Preserving Credit Card Approval Using Homomorphic SVM: Toward Secure Inference in FinTech Applications

The growing use of machine learning in cloud environments raises critical concerns about data security and privacy, especially in finance. Fully Homomorphic Encryption (FHE) offers a solution by enabling computations on encrypted data, but its high computational cost limits practicality. In this paper, we propose PP-FinTech, a privacy-preserving scheme for financial applications that employs a CKKS-based encrypted soft-margin SVM, enhanced with a hybrid kernel for modeling non-linear patterns and an adaptive thresholding mechanism for robust encrypted classification. Experiments on the Credit Card Approval dataset demonstrate comparable performance to the plaintext models, highlighting PP-FinTech's ability to balance privacy, and efficiency in secure financial ML systems.

@article{faneela2025_2505.05920,
  title={ Privacy-Preserving Credit Card Approval Using Homomorphic SVM: Toward Secure Inference in FinTech Applications },
  author={ Faneela and Baraq Ghaleb and Jawad Ahmad and William J. Buchanan and Sana Ullah Jan },
  journal={arXiv preprint arXiv:2505.05920},
  year={ 2025 }
}