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High performance banking

Objective

The main aim of the project is to provide the Banking sector with the requisite toolset for increased understanding of existing and prospective customers, and better tailoring of products and services for those customers.

The entire ethos of the project will be user led. The successful completion of the project will allow banks to gain competitive advantage and specifically enable them:
- to offer the right set of products for each customer, at the right price for each customer
- to ensure maximum retention of customers
- to ensure maximum efficiency in obtaining new customers
- to manage the risk to the bank from each contract.

The approach integrates and deploys three important technologies: business knowledge modelling, data warehousing and data mining, and high performance computing. In exploiting these technologies, the project will deliver the following major results: (1) a generic business knowledge model of 'customer profiling' within the banking sector, that can be used for different banking methods and strategies; (2) an enhanced data extraction tool incorporating the business model; (3) a high performance data mining tool interfacing to both the data extraction and the business knowledge model.

Call for proposal

Data not available

Coordinator

Datel Advanced Systems
EU contribution
No data
Address
Caspian Road Atlantic Street
WA14 5HH Altrincham
United Kingdom

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Total cost
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Participants (5)