17 Views

How do banks use data mining?


lekhraj.kushwaha 26th May, 2022
Answer (1)
lekhraj.kushwaha 26th May, 2022

Banks utilise the classification method in data mining. It aids with a lot of data churning. It is also used for things such as calculating bank customer churns, detecting frauds, anticipating bank failures, analysing loan approvals, and so on.

Related Questions

UPES B.Tech Admissions 2026
Apply
Ranked #43 among Engineering colleges in India by NIRF | Highest Package 1.3 CR , 100% Placements
UPES M.Tech Admissions 2026
Apply
Ranked #45 Among Universities in India by NIRF | 1950+ Students Placed 91% Placement, 800+ Recruiters
UPES Online MBA
Apply
Apply for Online MBA from UPES
IITs- A Complete Guide
Apply
Dive into everything you need to know about IITs—from eligibility and cutoffs to fees and placements.
MAHE Online MBA
Apply
Apply for Online MBA from Manipal Academy of Higher Education (MAHE)
Presidency University B.Tech ...
Apply
Ranked #5 among Top Emerging Engineering Institutes | Key Recruiters : Amazon, Accenture, KPMG, EY, Capgemini etc
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books