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Application of Predictive Analytics at Financial Institutions: A Systematic Literature Review

  • Elisa Indriasari
  • , Haryono Soeparno
  • , Ford Lumban Gaol
  • , Tokuro Matsuo

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The issues that relate with the automatics and intelligent tracing of the transaction and banking customer become the main issues nowadays. Whereas most of transaction that already moved to digital and online transaction that needed more intelligent features on the Predictive Analyst. The rise of predictive analytics (PA) is one of the biggest disruptions in financial services. In the last years, PA methods grew sharply to give the baseline of data driven decision-making process for forecasting future business situation. PA uses various algorithms to discover different patterns in the big data environment that might create more value for businesses including in financial institutions. The potential implementation of data science in financial industry is still to be explored. In this paper, we summarize work done on PA at financial industry. We also explore the potential application of PA and investigating how data science and big data is going to be used in financial institutions in the future.

Original languageEnglish
Title of host publicationProceedings - 2019 8th International Congress on Advanced Applied Informatics, IIAI-AAI 2019
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages877-883
Number of pages7
ISBN (Electronic)9781728126272
DOIs
Publication statusPublished - 07-2019
Externally publishedYes
Event8th IIAI International Congress on Advanced Applied Informatics, IIAI-AAI 2019 - Toyama, Japan
Duration: 07-07-201911-07-2019

Publication series

NameProceedings - 2019 8th International Congress on Advanced Applied Informatics, IIAI-AAI 2019

Conference

Conference8th IIAI International Congress on Advanced Applied Informatics, IIAI-AAI 2019
Country/TerritoryJapan
CityToyama
Period07-07-1911-07-19

All Science Journal Classification (ASJC) codes

  • Computer Networks and Communications
  • Computer Science Applications
  • Information Systems
  • Information Systems and Management
  • Social Sciences (miscellaneous)

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