How banks are leveraging machine learning

Abebe Sutukai Nwachukwu, Kwame Efua Boatengu

How banks are leveraging machine learning

Číslo: 1/2022
Periodikum: Business & IT
DOI: 10.14311/bit.2022.01.26

Klíčová slova: Banking business, Machine Learning, Fraud Detection, Customer Retention, Artificial Neural Network

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Anotace: In the present day world, a lot of information is generated in each field, and every field, as well as the banking industry, is among them. This data contains valuable information. Hence, it's important to shop, procedure, manage and analyze this information to extract information from it. It helps boost company profit. Banking industry plays a vital role in the country's economy. Customers are the primary advantage of the bank. Thus, it's essential to focus on issues experienced by the banks. Below, we focus on customer retention and fraud detection. In this particular work, supervised synthetic neural community algorithm is implemented for category job.