2- Banks have all sorts of information about their customers and they also use credit history...

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Finance

2- Banks have all sorts of information about their customers andthey also use credit history of those customers from externalsources when they assess applications eligibility of extend a loan.Suggest how Data Analytics could be used by banks to get a clearview of their customers’ eligibility for a loan. Assume the bankhas access to a customer’s loan history, credit card transactions,deposit history, and credit deposit registration. Given thesesources of information, discuss how the bank can assesses that thecustomer could repay the loan.

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Data analytics can help banks segregate the customers and identify customers that have a high potential to default determine the profitable areas and fraud analysis The analytics helps in the See Answer

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2- Banks have all sorts of information about their customers andthey also use credit history of those customers from externalsources when they assess applications eligibility of extend a loan.Suggest how Data Analytics could be used by banks to get a clearview of their customers’ eligibility for a loan. Assume the bankhas access to a customer’s loan history, credit card transactions,deposit history, and credit deposit registration. Given thesesources of information, discuss how the bank can assesses that thecustomer could repay the loan.