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Dawei Cheng

Publications and source records attributed to Dawei Cheng.

At least 19 recordsLinked to original sources
arXiv2026

Reconstructing Fraudulent Strategies in Online Payments via Interpretable Inverse Reinforcement Learning

Payment fraud causes financial losses and undermines users' trust in web payment services. Although fraud detection is a critical defense for payment security, complex and diverse fraudulent behaviors can still evade detection. Generating fraud samples for data augmentation can broaden detectors' coverage of different fraud patterns. However, existing methods matching the distribution of transaction attributes alone do not ensure that generated sequences preserve the sequential relationships among transaction choices, payment feedback, and subsequent behavioral adjustments. To this end, we propose PaySeqGen, an interpretable inverse reinforcement learning framework that reconstructs fraud behavior policies from fraudsters' observed payment trajectories. We design a mechanism for constructing candidate actions to support plausible payment sequence generation while enabling exploration. The framework also learns interpretable behavioral rewards that capture fraudsters' preferences across different transaction contexts. By alternating between reward learning and policy optimization, the framework reconstructs policies that generate new fraud sequences for detector augmentation and learns interpretable rewards supporting sequential fraud-pattern analysis in real trajectories. Experiments in real-world payment scenarios at Ant International, a leading global digital payment provider, show that PaySeqGen outperforms state-of-the-art generative augmentation methods. Reward-based trajectory analysis also identifies fraud patterns of practical value, helping analyst locating suspicious segments and examine multistep fraud tactics. Evaluation in the deployed system of online payment further confirms its effectiveness.

cs.AI↗
arXiv2026

Behavior-Grounded Semantic Enrichment for Financial Fraud Modeling and Reasoning

In financial fraud detection, rich semantic context can provide important evidence for transaction behavior modeling and fraud reasoning. However, public real-world financial datasets often lack rich semantics due to privacy constraints. Consequently, synthetic datasets incorporate generated semantics, but at the cost of behavioral realism; textual descriptions for contextual reasoning remain scarce. We address this gap through a semantic enrichment framework grounded in original transaction behavior to simulate multimodal financial data. We (1) propose a multi-agent semantic enrichment framework that generates interpretable financial semantics grounded in transaction behavior through role-specialized agents and consistency refinement, and (2) newly contribute a valuable multimodal financial fraud dataset, MS-FFSD, enriched with structured semantics and textual semantics while preserving real-data-grounded transaction behavior. Furthermore, we systematically analyze the quality and utility of semantic enrichment. Results demonstrate statistical fidelity and framework generalizability, while showing that richer semantics benefit fraud modeling and context-aware LLM reasoning. Overall, this work advances multimodal financial fraud research and bridges emerging LLM and multi-agent capabilities with operational anti-fraud practice. The framework and dataset are released at https://github.com/AI4Risk/MS-FFSD.

cs.AI↗
arXiv2026

PowerBench: A Benchmark for Agentic Retrieval and Reasoning in Power Systems

Large language model (LLM) agents offer new opportunities for automated analysis in industry. However, rigorous evaluation of such agents-for example, within power system scenarios-remains hindered: real operational data are confidential, and existing public resources fail to fully capture the chained dependencies and heterogeneous evidence. To address this gap, we propose PowerBench, comprising (1) a generation framework that derives interconnected heterogeneous operational data through a common dependency chain, and (2) a synthetic dataset generated by this framework. The dataset covers 761 devices across 100 device types, with 13.35 million hourly telemetry records spanning two years and 24,939 operational documents. Building on this dataset, we construct 300 questions across three task families that evaluate frontier LLMs' ability to complete analysis tasks that require autonomous evidence retrieval and reasoning across interconnected and heterogeneous data under restricted tool calls and time budgets. Results demonstrate that the evaluated frontier LLMs remain challenged on these tasks: the best model reaches only 74.2% joint accuracy. Our trace analysis further reveals that model performance varies across evidence discovery, content retrieval, tool use, reasoning over evidence, and answer submission. These findings provide detailed insights for evaluating LLM agents and guiding their reliable deployment in industry. The framework, dataset, and benchmark tasks are available at https://github.com/open-compass/PowerBench.

cs.AI↗
arXiv2026

Empowering Credit Risk Detection in Weixin Pay with Billion-Scale Deep Graph Learning

Credit risk detection, particularly mitigating individual fraud, is crucial for maintaining the stability of digital financial ecosystems. Accurately identifying credit fraud among billions of users is critical for minimizing financial losses and safeguarding the sustainability of inclusive financial services. Given that credit fraud risks are often concealed within heterogeneous user-risk graphs, Graph Neural Networks (GNNs) have emerged as an effective tool for risk mining by capturing complex dependencies. To address the scalability bottleneck of industrial GNNs, distributed training based on subgraphs is indispensable. However, existing strategies often compromise topological integrity for load balancing. This can be catastrophic for risk detection, as it indiscriminately severs the long-tail evidence chains essential for risk propagation. Overlapping subgraphs can restore severed risk contexts but inevitably introduce redundancy and noise, while overlooking the representation alignment across different local subgraphs. In this paper, we propose a risk-aware overlapping subgraph learning framework for large-scale credit risk detection. We first construct base partitions to ensure load balance. Then, we perform budget-constrained sampling that selects informative long-tail nodes, thereby preserving critical risk diffusion patterns while filtering out noise. To mitigate representation inconsistency, we design a cross-subgraph consistency alignment mechanism. By enforcing alignment constraints on the overlapping nodes, we harmonize the local representations into a globally consistent latent space. Extensive experiments on Weixin Pay's production dataset demonstrate that our model significantly outperforms existing strategies for risk detection, offering a scalable and effective solution for industrial graph learning.

cs.LG↗
arXiv2026

FinMamba: Market-Aware Graph Enhanced Multi-Level Mamba for Stock Movement Prediction

Recently, combining stock features with inter-stock correlations has become a common and effective approach for stock movement prediction. However, financial data presents significant challenges due to its low signal-to-noise ratio and the dynamic complexity of the market, which give rise to two key limitations in existing methods. First, the relationships between stocks are highly influenced by multifaceted factors including macroeconomic market dynamics, and current models fail to adaptively capture these evolving interactions under specific market conditions. Second, for the accuracy and timeliness required by real-world trading, existing financial data mining methods struggle to extract beneficial pattern-oriented dependencies from long historical data while maintaining high efficiency and low memory consumption. To address the limitations, we propose FinMamba, a Mamba-GNN-based framework for market-aware and multi-level hybrid stock movement prediction. Specifically, we devise a dynamic graph to learn the changing representations of inter-stock relationships by integrating a pruning module that adapts to market trends. Afterward, with a selective mechanism, the multi-level Mamba discards irrelevant information and resets states to skillfully recall historical patterns across multiple time scales with linear time costs, which are then jointly optimized for reliable prediction. Extensive experiments on U.S. and Chinese stock markets demonstrate the effectiveness of our proposed FinMamba, achieving state-of-the-art prediction accuracy and trading profitability, while maintaining low computational complexity. The code is available at https://github.com/TROUBADOUR000/FinMamba.

cs.CE↗
arXiv2026

Beyond Knowledge to Agency: Evaluating Expertise, Autonomy, and Integrity in Finance with CNFinBench

As large language models (LLMs) become high-privilege agents in risk-sensitive settings, they introduce systemic threats beyond hallucination, where minor compliance errors can cause critical data leaks. However, existing benchmarks focus on rule-based QA, lacking agentic execution modeling, overlooking compliance drift in adversarial interactions, and relying on binary safety metrics that fail to capture behavioral degradation. To bridge these gaps, we present CNFinBench, a comprehensive benchmark spanning 29 subtasks grounded in the triad of expertise, autonomy, and integrity. It assesses domain-specific capabilities through certified regulatory corpora and professional financial tasks, reconstructs end-to-end agent workflows from requirement parsing to tool verification, and simulates multi-turn adversarial attacks that induce behavioral compliance drift. To quantify safety degradation, we introduce the Harmful Instruction Compliance Score (HICS), a multi-dimensional safety metric that integrates risk-type-specific deductions, multi-turn consistency tracking, and severity-adjusted penalty scaling based on fine-grained violation triggers. Evaluations over 22 open-/closed-source models reveal: LLMs perform well in applied tasks yet lack robust rule understanding, suffer a 15.4 decline from single modules to full execution chains, and collapse rapidly in multi-turn attacks, with average violations surging by 159.05\% in Round 2. CNFinBench is available at https://cnfinbench.opencompass.org.cn and https://github.com/open-compass/CNFinBench.

cs.CE↗
arXiv2026

FinTSB: A Comprehensive and Practical Benchmark for Financial Time Series Forecasting

Financial time series (FinTS) record the behavior of human-brain-augmented decision-making, capturing valuable historical information that can be leveraged for profitable investment strategies. Not surprisingly, this area has attracted considerable attention from researchers, who have proposed a wide range of methods based on various backbones. However, the evaluation of the area often exhibits three systemic limitations: 1. Failure to account for the full spectrum of stock movement patterns observed in dynamic financial markets. (Diversity Gap), 2. The absence of unified assessment protocols undermines the validity of cross-study performance comparisons. (Standardization Deficit), and 3. Neglect of critical market structure factors, resulting in inflated performance metrics that lack practical applicability. (Real-World Mismatch). Addressing these limitations, we propose FinTSB, a comprehensive and practical benchmark for financial time series forecasting (FinTSF). To increase the variety, we categorize movement patterns into four specific parts, tokenize and pre-process the data, and assess the data quality based on some sequence characteristics. To eliminate biases due to different evaluation settings, we standardize the metrics across three dimensions and build a user-friendly, lightweight pipeline incorporating methods from various backbones. To accurately simulate real-world trading scenarios and facilitate practical implementation, we extensively model various regulatory constraints, including transaction fees, among others. Finally, we conduct extensive experiments on FinTSB, highlighting key insights to guide model selection under varying market conditions. Overall, FinTSB provides researchers with a novel and comprehensive platform for improving and evaluating FinTSF methods. The code is available at https://github.com/TongjiFinLab/FinTSB.

cs.CE↗
arXiv2026

Let Relations Speak: An End-to-End LLM-GNN Soft Prompt Framework for Fraud Detection

In recent years, Large Language Models (LLMs) have shown great capability in processing graph tasks such as fraud detection. However, most existing methods rely heavily on rich text attributes, which poses difficulties for this domain due to the lack of textual data. Although some pioneering methods attempt to overcome it, their textualization of graph structures via hard prompts easily leads to feature distortion. Additionally, fraud detection often exhibits multi-relational complexity, where current methods struggle to capture this deep semantic information. To address these challenges, we propose LLM-GNN Soft Prompt Framework (LGSPF). Specifically, LGSPF bridges the graph structure and semantic space using soft prompt to eliminate reliance on text. We further introduce a parallel Graph Neural Network (GNN) encoder to translate multi-relational topologies into graph tokens for fine-grained LLM fraud comprehension. Through end-to-end optimization, LGSPF enhances deep semantic alignment between LLM and GNN. Experiments across diverse fraud detection benchmarks demonstrate our method achieves state-of-the-art performance. Moreover, we further validate the contribution of LGSPF on enhancing the semantic interpretability of fraud behaviors.

cs.AI↗
arXiv2026

PeakFocus: Bridging Peak Localization and Intensity Regression via a Unified Multi-Scale Framework for Electricity Load Forecasting

Electricity load peak forecasting (ELPF), simultaneously predicting peak timing and intensity, is a prerequisite for effective grid scheduling and risk management. However, existing methods face three limitations. First, they adopt a two-stage predict-then-locate paradigm, which severs the link between temporal localization and intensity regression. Second, they still struggle with the multi-scale representation conflict, leading to peak misjudgment and timing misalignment. Third, the lack of explicit peak timing context during intensity regression causes intensity smoothing because predictions are dominated by global smoothing trends. To address these limitations, we propose PeakFocus, a unified framework for ELPF. (i) A Unified Peak-Aware Pipeline (UPAP) utilizes a triple hybrid loss to jointly supervise temporal localization and intensity regression, alongside a tolerance-based evaluation protocol. (ii) A Multi-Scale Mixing Peak Locator (MSM-PL) exploits coarse-grained features to mitigate peak misjudgment caused by local fluctuations, and injects them into fine-grained features via a cascade mechanism to resolve timing misalignment. (iii) A Location-Aware Decoder (LAD) injects peak timing context into the intensity regression process, providing explicit guidance to counteract intensity smoothing and improve peak intensity estimation. Extensive experiments on the public Electricity (ELC) dataset and our industrial-scale World Large-scale Electricity Load (WLEL) dataset show that PeakFocus outperforms baselines in both timing precision and intensity estimation.

cs.LG↗
arXiv2026

FinDocMRE: A Benchmark for Document-Level Financial Multimodal Reasoning Evaluation

While Large Multimodal Models (LMMs) excel in general visual tasks, their deployment in specialized financial contexts remains insufficient. Existing benchmarks prioritize isolated charts, often overlooking the need to integrate data from text, tables, and images within comprehensive financial documents. To address this limitation, we introduce FINDOCMRE, a multi-image document-level benchmark designed for financial multimodal reasoning. We construct the dataset via a semi-automated pipeline that combines Visual-Centric Generation with Expert Verification, thereby minimizing text bias and ensuring high annotation quality. Spanning twelve domains, the benchmark comprises 12,207 samples derived from 2,878 financial reports, designed to evaluate multi-image processing and document-level understanding across five distinct task types. Extensive experiments with eleven representative LMMs reveal that no model surpasses an overall score of 65, highlighting challenges in integrating visual grounding with logical reasoning within complex document environments. Specifically, we observe a significant performance divergence across tasks, where models exhibit proficiency in semantic narrative construction but struggle with numerical estimation and cross-page visual grounding. FINDOCMRE serves as a rigorous benchmark to guide the evolution of financial LMMs towards expert-level document analysis and reasoning.

cs.CE↗
arXiv2026

FinReasoning: A Hierarchical Benchmark for Reliable Financial Research Reporting

Large language models (LLMs) are increasingly deployed in financial research workflows, where their role is evolving from single-model assistance for human analysts toward autonomous collaboration among multiple agents. Yet real-world deployments still expose factual errors, numerical inconsistencies, and shallow analysis, which can distort assessments of corporate fundamentals and trigger severe economic losses. While existing benchmarks have begun to evaluate such failures, they score all aspects of the generated analysis in one pass, failing to distinguish whether a model fails at foundational stages like auditing and correction, or underperforms at generating research-grade insights. Consequently, it obscures capability bottlenecks and the specialized strengths essential for multi-agent role assignment. To address these gaps, we introduce FinReasoning, a hierarchical benchmark that decomposes the core capabilities of financial research into semantic consistency, data alignment, and deep insight. We further propose a fine-grained evaluation framework that strengthens hallucination-correction assessment and incorporates a 12-indicator rubric for core analytical skills. FinReasoning reveals clear capability stratification across model types. Closed-source models (like Doubao-Seed-1.8) perform strongly overall and are better suited for core reasoning agents in multi-agent financial systems; open-source general models (like Qwen3-235B) show clear capability divergence and consistently underperform on Semantic Consistency, making them less suited for quality-sensitive generation tasks; financial-domain models (like Fin-R1) generate moderate insights but lack foundational auditing skills. Our work has already been deployed in pilot tests across several real-world scenarios. The resource is available at https://github.com/TongjiFinLab/FinReasoning.

cs.CL↗
arXiv2026

MAVEN: Multi-Agent Verification-Elaboration Network with In-Step Epistemic Auditing

While explicit reasoning trajectories enhance model interpretability, existing paradigms often rely on monolithic chains that lack intermediate verification, allowing early errors to cascade unchecked. This lack of modularity impedes granular auditing and compromises the epistemic trust required for high-stakes applications. We propose MAVEN (Multi-Agent Verification-Elaboration Network with In-Step Epistemic Auditing), a blackboard-inspired framework designed to transform LLMs into deliberate reasoners through explicit role-decoupling. At its core, MAVEN operationalizes an adversarial Skeptic-Researcher-Judge loop, simulating expert deliberation by functionally separating logical defense from factual grounding. Experiments on OpenBookQA, TruthfulQA, HALUEVAL and StrategyQA benchmarks demonstrate that MAVEN delivers superior reasoning quality across four fine-grained metrics. Notably, MAVEN consistently outperforms latent reasoning models such as GEMINI-3.1-Pro and consensus-based baselines (e.g., ReConcile) by generating explicitly structured, modular, and verifiable deliberation trajectories, rather than relying on implicit internal states or post-hoc consensus. Moreover, comprehensive evaluations confirm that MAVEN is fully model-agnostic, serving as a strong and transferable reasoning booster that yields substantial performance improvements across diverse backbone models.

cs.CL↗
arXiv2026

Language Models as Messengers: Enhancing Message Passing in Heterophilic Graph Learning

Graph neural networks (GNNs) have become a standard paradigm for graph representation learning, yet their message passing mechanism implicitly assumes that messages can be represented by source node embeddings, an assumption that fails in heterophilic graphs. While existing methods attempt to address heterophily through graph structure refinement or adaptation of neighbor aggregation, they often overlook the semantic potential of node text, relying on suboptimal message representation for propagation and compromise performance on homophilic graphs. To address these limitations, we propose LEMP4HG, a novel language model (LM)-enhanced message passing approach for heterophilic graph learning. Specifically, for text-attributed graphs (TAG), we leverage a LM to explicitly model inter-node semantic relationships from paired node texts, synthesizing semantically informed messages for propagation. To ensure practical efficiency, we further introduce an active learning-inspired strategy guided by a tailored heuristic, MVRD, which selectively enhances messages for node pairs most affected by message passing. Extensive experiments demonstrate that LEMP4HG consistently outperforms state-of-the-art methods on heterophilic graphs while maintaining robust performance on homophilic graphs under a practical computational budget.

cs.AI↗
arXiv2026

Efficient Approximate Nearest Neighbor Search under Multi-Attribute Range Filter

Nearest neighbor search on high-dimensional vectors is fundamental in modern AI and database systems. In many real-world applications, queries involve constraints on multiple numeric attributes, giving rise to range-filtering approximate nearest neighbor search (RFANNS). While there exist RFANNS indexes for single-attribute range predicates, extending them to the multi-attribute setting is nontrivial and often ineffective. In this paper, we propose KHI, an index for multi-attribute RFANNS that combines an attribute-space partitioning tree with HNSW graphs attached to tree nodes. A skew-aware splitting rule bounds the tree height by $O(\log n)$, and queries are answered by routing through the tree and running greedy search on the HNSW graphs. Experiments on four real-world datasets show that KHI consistently achieves high query throughput while maintaining high recall. Compared with the state-of-the-art RFANNS baseline, KHI improves QPS by $2.46\times$ on average and up to $16.22\times$ on the hard dataset, with larger gains for smaller selectivity, larger $k$, and higher predicate cardinality.

cs.DB↗
arXiv2026

Interpreting Emergent Extreme Events in Multi-Agent Systems

Large language model-powered multi-agent systems have emerged as powerful tools for simulating complex human-like systems. The interactions within these systems often lead to extreme events whose origins remain obscured by the black box of emergence. Interpreting these events is critical for system safety. This paper proposes the first framework for explaining emergent extreme events in multi-agent systems, aiming to answer three fundamental questions: When does the event originate? Who drives it? And what behaviors contribute to it? Specifically, we adapt the Shapley value to faithfully attribute the occurrence of extreme events to each action taken by agents at different time steps, i.e., assigning an attribution score to the action to measure its influence on the event. We then aggregate the attribution scores along the dimensions of time, agent, and behavior to quantify the risk contribution of each dimension. Finally, we design a set of metrics based on these contribution scores to characterize the features of extreme events. Experiments across diverse multi-agent system scenarios (economic, financial, and social) demonstrate the effectiveness of our framework and provide general insights into the emergence of extreme phenomena.

cs.MA↗
arXiv2026

Beyond Fixed Patches: Enhancing GPTs for Financial Prediction with Adaptive Segmentation and Learnable Wavelets

The extensive adoption of web technologies in the finance and investment sectors has led to an explosion of financial data, which contributes to the complexity of the forecasting task. Traditional machine learning models exhibit limitations in this forecasting task constrained by their restricted model capacity. Recent advances in Generative Pre-trained Transformers (GPTs), with their greatly expanded parameter spaces, demonstrate promising potential for modeling complex dependencies in temporal sequences. However, existing pretraining-based approaches typically focus on fixed-length patch analysis, ignoring market data's multi-scale pattern characteristics. In this study, we propose $\mathbf{GPT4FTS}$, a novel framework that enhances pretrained transformer capabilities for temporal sequence modeling through dynamic patch segmentation and learnable wavelet transform modules. Specifically, we first employ K-means++ clustering based on DTW distance to identify scale-invariant patterns in market data. Building upon pattern recognition results, we introduce adaptive patch segmentation that partitions temporal sequences while preserving pattern integrity. To accommodate time-varying frequency characteristics, we devise a dynamic wavelet transform module that emulates discrete wavelet transformation with enhanced flexibility in capturing time-frequency features. Extensive experiments on real-world financial datasets substantiate the framework's efficacy. The source code is available: \href{https://anonymous.4open.science/r/GPT4FTS-6BCC/}

cs.LG↗
arXiv2026

Memory in the Age of AI Agents

Memory has emerged, and will continue to remain, a core capability of foundation model-based agents. As research on agent memory rapidly expands and attracts unprecedented attention, the field has also become increasingly fragmented. Existing works that fall under the umbrella of agent memory often differ substantially in their motivations, implementations, and evaluation protocols, while the proliferation of loosely defined memory terminologies has further obscured conceptual clarity. Traditional taxonomies such as long/short-term memory have proven insufficient to capture the diversity of contemporary agent memory systems. This work aims to provide an up-to-date landscape of current agent memory research. We begin by clearly delineating the scope of agent memory and distinguishing it from related concepts such as LLM memory, retrieval augmented generation (RAG), and context engineering. We then examine agent memory through the unified lenses of forms, functions, and dynamics. From the perspective of forms, we identify three dominant realizations of agent memory, namely token-level, parametric, and latent memory. From the perspective of functions, we propose a finer-grained taxonomy that distinguishes factual, experiential, and working memory. From the perspective of dynamics, we analyze how memory is formed, evolved, and retrieved over time. To support practical development, we compile a comprehensive summary of memory benchmarks and open-source frameworks. Beyond consolidation, we articulate a forward-looking perspective on emerging research frontiers, including memory automation, reinforcement learning integration, multimodal memory, multi-agent memory, and trustworthiness issues. We hope this survey serves not only as a reference for existing work, but also as a conceptual foundation for rethinking memory as a first-class primitive in the design of future agentic intelligence.

cs.CL↗
arXiv2025

Grad: Guided Relation Diffusion Generation for Graph Augmentation in Graph Fraud Detection

Nowadays, Graph Fraud Detection (GFD) in financial scenarios has become an urgent research topic to protect online payment security. However, as organized crime groups are becoming more professional in real-world scenarios, fraudsters are employing more sophisticated camouflage strategies. Specifically, fraudsters disguise themselves by mimicking the behavioral data collected by platforms, ensuring that their key characteristics are consistent with those of benign users to a high degree, which we call Adaptive Camouflage. Consequently, this narrows the differences in behavioral traits between them and benign users within the platform's database, thereby making current GFD models lose efficiency. To address this problem, we propose a relation diffusion-based graph augmentation model Grad. In detail, Grad leverages a supervised graph contrastive learning module to enhance the fraud-benign difference and employs a guided relation diffusion generator to generate auxiliary homophilic relations from scratch. Based on these, weak fraudulent signals would be enhanced during the aggregation process, thus being obvious enough to be captured. Extensive experiments have been conducted on two real-world datasets provided by WeChat Pay, one of the largest online payment platforms with billions of users, and three public datasets. The results show that our proposed model Grad outperforms SOTA methods in both various scenarios, achieving at most 11.10% and 43.95% increases in AUC and AP, respectively. Our code is released at https://github.com/AI4Risk/antifraud and https://github.com/Muyiiiii/WWW25-Grad.

cs.LG↗