Data Mining in Banking Sector Finance Essay
Data mining defines the nontrivial extraction of hidden, previously unknown, and theoretically useful information from data. It is the facts of extracting valuable information from large databases. Banks have several and vast databases. The important business information can be extracted from these data stores. The main application areas of data mining in banking are Customer Relationship Management, Marketing, Risk Management, Data cleansing, Fraud Detection, Software Support, and Present Industry Status. Data mining tools are used by leading banks for customer […]