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A Study on “Loan Predictions Using Fintech Decision Tree Analysis”


Affiliations
1 ITM Business School, Student, Chennai, Tamil Nadu, India
2 Visiting faculty, ITM Business School and AVP Indium Software, Chennai, Tamil Nadu, India
3 Associate Professor, Acharya Bangalore Business School, Bangalore. Karnataka, India
 

In today’s world, banking sector is crucial to the modern economy. As the primary supplier of credit, it provides money for people to buy cars and homes and for businesses to buy equipment, expand their operations, and meet their payrolls. The credit cards, debit cards, and checking accounts that banks make available facilitate all kinds of everyday transactions. They also help drive e-commerce, where cash is of little use. With banking products becoming increasingly commoditized, Analytics can help banks differentiate themselves and gain a competitive edge. Machine learning forecasting for banking enables more accurate reporting by automating credit risk testing for both banks and customers. By evaluating a consumer’s financial history, recent transactions, and purchasing patterns, machine learning can make accurate forecasts of future spending and income. Predictive analytics helps banks distinguish between the various portfolio risks effectively, by optimizing the collections process. It helps banks segregate risky customers from the risk-free ones. This can help banks devise actions and strategies to achieve positive results. Predictive Analytics is a stream of advanced analytics which uses new as well as historical data to forecast activity, behaviour, and trends to predict the future. This involves data mining, modelling, employing statistical analysis techniques, and automated machine learning algorithms to make the predictions. It helps organizations discover business issues in real time and address them at the right time to get the best outcomes

Keywords

Banking Sector, Modern Economy, Machine Learning Forecasting, Credit Risk, Predictive Analytics, Positive Results, Data Mining, Statistical Analysis
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  • Accurate loan approval prediction based on machine learning approach J. Tejaswini1 ,T. Mohana Kavya2 , R. Devi Naga Ramya3 , P. Sai Triveni4 Venkata Rao Maddumala
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Abstract Views: 42

PDF Views: 18




  • A Study on “Loan Predictions Using Fintech Decision Tree Analysis”

Abstract Views: 42  |  PDF Views: 18

Authors

S. Srihari
ITM Business School, Student, Chennai, Tamil Nadu, India
S. Huxley
Visiting faculty, ITM Business School and AVP Indium Software, Chennai, Tamil Nadu, India
Ajitha Savarimuthu
Associate Professor, Acharya Bangalore Business School, Bangalore. Karnataka, India

Abstract


In today’s world, banking sector is crucial to the modern economy. As the primary supplier of credit, it provides money for people to buy cars and homes and for businesses to buy equipment, expand their operations, and meet their payrolls. The credit cards, debit cards, and checking accounts that banks make available facilitate all kinds of everyday transactions. They also help drive e-commerce, where cash is of little use. With banking products becoming increasingly commoditized, Analytics can help banks differentiate themselves and gain a competitive edge. Machine learning forecasting for banking enables more accurate reporting by automating credit risk testing for both banks and customers. By evaluating a consumer’s financial history, recent transactions, and purchasing patterns, machine learning can make accurate forecasts of future spending and income. Predictive analytics helps banks distinguish between the various portfolio risks effectively, by optimizing the collections process. It helps banks segregate risky customers from the risk-free ones. This can help banks devise actions and strategies to achieve positive results. Predictive Analytics is a stream of advanced analytics which uses new as well as historical data to forecast activity, behaviour, and trends to predict the future. This involves data mining, modelling, employing statistical analysis techniques, and automated machine learning algorithms to make the predictions. It helps organizations discover business issues in real time and address them at the right time to get the best outcomes

Keywords


Banking Sector, Modern Economy, Machine Learning Forecasting, Credit Risk, Predictive Analytics, Positive Results, Data Mining, Statistical Analysis

References