3,299 research outputs found
A Study on the Efficient Estimation of the Payment Intention in the Mail Order Industry
AbstractThis paper presents investigating the customer payment intention prediction in the mail order industry. As the B2C market expands their market volume, the fraud transactions increase in number. The primary indicator for the detection are the shipping address, the recipient name, and the payment method. These information usually make use of the prediction in the Japanese mail order industry. Conventional detecting method for the fraud depends on the human working experiences so far. As the number of transaction becomes large, fraud detection becomes difficult. The mail order industry needs something new method for the detection. The result of the Google Flu Trends shows, accurate prediction needs the heuristics knowledge. For these backgrounds, we observe the transaction data with the customer attribute information gathered from a mail order company in Japan and characterized the customer with machine learning method. From the results of the intensive research, potential fraudulent transactions are identified. Intensive research revealed that the classification of the deliberate customer and the careless customer with machine learning. This result will make use of the customer screening at the time of order received
Application of Big Data Technology, Text Classification, and Azure Machine Learning for Financial Risk Management Using Data Science Methodology
Data science plays a crucial role in enabling organizations to optimize data-driven opportunities within financial risk management. It involves identifying, assessing, and mitigating risks, ultimately safeguarding investments, reducing uncertainty, ensuring regulatory compliance, enhancing decision-making, and fostering long-term sustainability. This thesis explores three facets of Data Science projects: enhancing customer understanding, fraud prevention, and predictive analysis, with the goal of improving existing tools and enabling more informed decision-making. The first project examined leveraged big data technologies, such as Hadoop and Spark, to enhance financial risk management by accurately predicting loan defaulters and their repayment likelihood. In the second project, we investigated risk assessment and fraud prevention within the financial sector, where Natural Language Processing and machine learning techniques were applied to classify emails into categories like spam, ham, and phishing. After training various models, their performance was rigorously evaluated. In the third project, we explored the utilization of Azure machine learning to identify loan defaulters, emphasizing the comparison of different machine learning algorithms for predictive analysis. The results aimed to determine the best-performing model by evaluating various performance metrics for the dataset. This study is important because it offers a strategy for enhancing risk management, preventing fraud, and encouraging innovation in the financial industry, ultimately resulting in better financial outcomes and enhanced customer protection
Decision Support Systems for Risk Assessment in Credit Operations Against Collateral
With the global economic crisis, which reached its peak in the second half of 2008, and
before a market shaken by economic instability, financial institutions have taken steps to protect
the banks’ default risks, which had an impact directly in the form of analysis in credit institutions
to individuals and to corporate entities. To mitigate the risk of banks in credit operations, most
banks use a graded scale of customer risk, which determines the provision that banks must
do according to the default risk levels in each credit transaction. The credit analysis involves
the ability to make a credit decision inside a scenario of uncertainty and constant changes and
incomplete transformations. This ability depends on the capacity to logically analyze situations,
often complex and reach a clear conclusion, practical and practicable to implement.
Credit Scoring models are used to predict the probability of a customer proposing to
credit to become in default at any given time, based on his personal and financial information
that may influence the ability of the client to pay the debt. This estimated probability, called the
score, is an estimate of the risk of default of a customer in a given period. This increased concern
has been in no small part caused by the weaknesses of existing risk management techniques
that have been revealed by the recent financial crisis and the growing demand for consumer
credit.The constant change affects several banking sections because it prevents the ability to
investigate the data that is produced and stored in computers that are too often dependent on
manual techniques.
Among the many alternatives used in the world to balance this risk, the provision of
guarantees stands out of guarantees in the formalization of credit agreements. In theory, the
collateral does not ensure the credit return, as it is not computed as payment of the obligation
within the project. There is also the fact that it will only be successful if triggered, which involves
the legal area of the banking institution. The truth is, collateral is a mitigating element
of credit risk. Collaterals are divided into two types, an individual guarantee (sponsor) and the
asset guarantee (fiduciary). Both aim to increase security in credit operations, as an payment
alternative to the holder of credit provided to the lender, if possible, unable to meet its obligations
on time. For the creditor, it generates liquidity security from the receiving operation. The
measurement of credit recoverability is a system that evaluates the efficiency of the collateral
invested return mechanism.
In an attempt to identify the sufficiency of collateral in credit operations, this thesis
presents an assessment of smart classifiers that uses contextual information to assess whether
collaterals provide for the recovery of credit granted in the decision-making process before
the credit transaction become insolvent. The results observed when compared with other approaches
in the literature and the comparative analysis of the most relevant artificial intelligence
solutions, considering the classifiers that use guarantees as a parameter to calculate the
risk contribute to the advance of the state of the art advance, increasing the commitment to
the financial institutions.Com a crise econômica global, que atingiu seu auge no segundo semestre de 2008, e diante
de um mercado abalado pela instabilidade econômica, as instituições financeiras tomaram
medidas para proteger os riscos de inadimplência dos bancos, medidas que impactavam diretamente
na forma de análise nas instituições de crédito para pessoas físicas e jurídicas. Para
mitigar o risco dos bancos nas operações de crédito, a maioria destas instituições utiliza uma
escala graduada de risco do cliente, que determina a provisão que os bancos devem fazer de
acordo com os níveis de risco padrão em cada transação de crédito. A análise de crédito envolve
a capacidade de tomar uma decisão de crédito dentro de um cenário de incerteza e mudanças
constantes e transformações incompletas. Essa aptidão depende da capacidade de analisar situações
lógicas, geralmente complexas e de chegar a uma conclusão clara, prática e praticável
de implementar.
Os modelos de Credit Score são usados para prever a probabilidade de um cliente
propor crédito e tornar-se inadimplente a qualquer momento, com base em suas informações
pessoais e financeiras que podem influenciar a capacidade do cliente de pagar a dívida. Essa
probabilidade estimada, denominada pontuação, é uma estimativa do risco de inadimplência de
um cliente em um determinado período. A mudança constante afeta várias seções bancárias,
pois impede a capacidade de investigar os dados que são produzidos e armazenados em computadores
que frequentemente dependem de técnicas manuais.
Entre as inúmeras alternativas utilizadas no mundo para equilibrar esse risco, destacase
o aporte de garantias na formalização dos contratos de crédito. Em tese, a garantia não
“garante” o retorno do crédito, já que não é computada como pagamento da obrigação dentro do
projeto. Tem-se ainda, o fato de que esta só terá algum êxito se acionada, o que envolve a área
jurídica da instituição bancária. A verdade é que, a garantia é um elemento mitigador do risco
de crédito. As garantias são divididas em dois tipos, uma garantia individual (patrocinadora) e
a garantia do ativo (fiduciário). Ambos visam aumentar a segurança nas operações de crédito,
como uma alternativa de pagamento ao titular do crédito fornecido ao credor, se possível, não
puder cumprir suas obrigações no prazo. Para o credor, gera segurança de liquidez a partir da
operação de recebimento. A mensuração da recuperabilidade do crédito é uma sistemática que
avalia a eficiência do mecanismo de retorno do capital investido em garantias.
Para tentar identificar a suficiência das garantias nas operações de crédito, esta tese
apresenta uma avaliação dos classificadores inteligentes que utiliza informações contextuais
para avaliar se as garantias permitem prever a recuperação de crédito concedido no processo de
tomada de decisão antes que a operação de crédito entre em default. Os resultados observados
quando comparados com outras abordagens existentes na literatura e a análise comparativa das
soluções de inteligência artificial mais relevantes, mostram que os classificadores que usam
garantias como parâmetro para calcular o risco contribuem para o avanço do estado da arte,
aumentando o comprometimento com as instituições financeiras
CELSciTech towards Downstream and Commercialization of Research
The Institute for Research and Community Service of Universitas Muhammadiyah Ria
Exploring Social Sustainability and Economic Practices
Given the three pillars of sustainability, besides the environment, the interplay of social and economic dimensions provides valuable insight into how society is molded and the key components that should be considere. In terms of social sustainability, processes and framework objectives promote the wellbeing that is integral to the balance of people, planet, and profit. Economic practices consider the system of production, resource allocation, and distribution of goods and services with respect to demand and supply between economic agents. As a result, an economic system is a variant of the social system in which it exists. At present, the forefront of social sustainability research partially encompasses the impact of economic practices on people and society, with notable emphasis centered on the urban environment. Specific interdisciplinary analyses within the scope of sustainability, social development, competitiveness, and motivational management, as well as decision making within the urban landscape, are considered. This book contains nine thoroughly refereed contributions that interconnect detailed research into the two pillars reviewed
For the sake of development? Municipal government and local development in Emilia-Romagna and Turin (1945-1975)
This paper (1) examines two areas of Italy, with very different political subcultures and production systems,with the aim of making a comparative analysis of the role of local government policies in stimulating growth processesover the thirty-year post war period.Historians now agree that the policies of Italian local governments were a major factor in the processes ofeconomic growth and the spread of social services. They acted through a highly varied mix of policies, includingregulatory processes (town planning, coordinated local programming, etc.), operations enabling institutions to providethe local environment with specific public goods (industrial estates, business services etc.) as well as redistributionpolicies (i.e. the setting up and spread of local welfare systems and local tax systems).This influential steering role of local administrations, marked in some cases by the gradual inception ofspecific institutional authoritativeness, was not distributed uniformly over the whole of Italy and there were significantasymmetries between areas.A comparative analysis is made of the "Emilia-Romagna model" of local government, controlled by an ItalianCommunist hegemony in a context of small and medium sized firms, and the model of the city of Turin, which was basedon an industrial Ford model because of the presence of the Fiat factory. The two models are compared from theperspective of actors and their different interests. Our aim is to gauge the nature and intensity of the local institutionalactions that accompanied and promoted the processes of development
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