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Journal of Management and Digital Transformation

Published: 2017-12-31

Neural Algorithms - Application in the Financial Platform

Małgorzata Firlej

Abstract

The article describes the use of neural networks for process automation in decision-making systems in the financial sector illustrated with an example of VSoft Financial Platform which includes debt collection, insurance and credit modules. The article presents the examples of neural network applications for specific financial issues: customer segmentation, scoring, debt collection predictive models, and financial and credit situation assessment. Arguments for the benefits of using neural networks to build predictive and financial models are discussed. The article also presents limitations in the use of neural networks to calculate customer scoring and rating in banking systems, resulting from regulations and requirements of supervisory institutions.

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Citation rules

Firlej, M. (2017). Neural Algorithms - Application in the Financial Platform. Journal of Management and Digital Transformation, (13), 65–80. Retrieved from https://journalmdtr.org/index.php/jmdt/article/view/147

No. 13 (2017)
Published: 2026-09-01


ISSN: 3072-5682

Publisher
Uniwersytet DSW Ideis

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