Neural Networks and Rules-based Systems used to Find Rational and Scientific Correlations between being Here and Now with Afterlife Conditions
Neural Networks and Rules-based Systems used to Find Rational and
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Banking systems collect huge amounts of data on day to day basis, be it customer information, transaction details, risk profiles, credit card details, credit limit and collateral details, compliance and Anti Money Laundering (AML) related information, trade finance data, SWIFT and telex messages. Thousands of decisions are taken in a bank daily. These decisions include credit decisions, default decisions, relationship start up, investment decisions, AML and Illegal financing related. One needs to depend on various reports and drill down tools provided by the banking systems to arrive at these critical decisions. But this is a manual process and is error prone and time consuming due to large volume of transactional and historical data. Interesting patterns and knowledge can be mined from this huge volume of data that in turn can be used for this decision making process. This article explores and reviews various data mining techniques that can be applied in banking areas. It provides an overview of data mining techniques and procedures. It also provides an insight into how these techniques can be used in banking areas to make the decision making process easier and productive.
Sudhakar M. 2014. \u201cApplication Areas of Data Mining in Indian Retail Banking Sector\u201d. Global Journal of Computer Science and Technology - C: Software & Data Engineering GJCST-C Volume 14 (GJCST Volume 14 Issue C5): .
Crossref Journal DOI 10.17406/gjcst
Print ISSN 0975-4350
e-ISSN 0975-4172
The methods for personal identification and authentication are no exception.
Total Score: 107
Country: India
Subject: Global Journal of Computer Science and Technology - C: Software & Data Engineering
Authors: Sudhakar M, Dr. C. V. K Reddy (PhD/Dr. count: 1)
View Count (all-time): 236
Total Views (Real + Logic): 8801
Total Downloads (simulated): 2225
Publish Date: 2014 07, Mon
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Banking systems collect huge amounts of data on day to day basis, be it customer information, transaction details, risk profiles, credit card details, credit limit and collateral details, compliance and Anti Money Laundering (AML) related information, trade finance data, SWIFT and telex messages. Thousands of decisions are taken in a bank daily. These decisions include credit decisions, default decisions, relationship start up, investment decisions, AML and Illegal financing related. One needs to depend on various reports and drill down tools provided by the banking systems to arrive at these critical decisions. But this is a manual process and is error prone and time consuming due to large volume of transactional and historical data. Interesting patterns and knowledge can be mined from this huge volume of data that in turn can be used for this decision making process. This article explores and reviews various data mining techniques that can be applied in banking areas. It provides an overview of data mining techniques and procedures. It also provides an insight into how these techniques can be used in banking areas to make the decision making process easier and productive.
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