Research on the Application of Computer Data Mining Technology in the Financial Risk Management

Abstract:

The computer data mining technology plays an important role in the financial risk management. It can extract the implicit data that people don't know in advance, in the mean time, and potentially useful information and knowledge for managers to provide decision-making reference. This paper introduces the concept of data mining, the process and main technology first, and then introduces the typical application of data mining in the financial risk management, such as customer relationship management, credit risk assessment and financial crisis early warning analysis. At last, it has a summary to provide the risk management for the financial industry.

• Periodical: Applied Mechanics and Materials (Volumes 513-517)
• Pages: 1940-1943
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.513-517.1940
• Online since: February 2014
• Authors: Li Hong Yu*, Ya Li Xu, Lin Dai
• Keywords: Computer Application, Data Mining (DM), Finance Risk Management

References

[1] Jiawei Han. Data Mining: Concepts and Techniques[M]. Beijing: China Machine Press2004.

[2] Kang Xiao-dong. Data MiningTechnology based on DW[M]. Beijing: China Machine Press (2004).

[3] Chen An. Data Mining Technology and Application [M]. Beijing: Science Press2006.

[4] Zhang Junzhi Data Mining in Finance Industry [J]. Cooperation economy and technology2013. 8.

[5] Zhang Junzhi Data Mining in Bank Industry [J]. Cooperation economy and technology2013. 9.