Application of Data mining in the banking sector Introduction Financial fraud is a growing concern with significant consequences within company organizations, finance trade, and governments. In the modern world, banks have been highly dependent on web technology, which has magnified financial and banking transactions. Nonetheless, fraud in the financial and banking sector has also increased with an increase in offline and online transactions. Since transactions have become more popular as a payment mode, there has been a growing focus on how to prevent fraud and its effect I the banking and financial sector. Data mining has led to establishments of various techniques that banks and financial organizations can use to hinder fraud. Data mining has offered different logarithms and techniques that aid in focusing on essential data patterns from banks’ databases hence hindering fraud activities. Application of Data mining in the banking sector The banking and financial industry has faced various changes in the manner of conducting business. The implementation of electronic banking has made it easy to capture transactional data simultaneously (Herawan and Deris, 2011). Data mining offers aid…

Banking royal commission http://www.abc.net.au/news/story-streams/banking-royal-commission/ Visit the page above and select one of the ASX listed companies being investigated by the Banking Royal Commission (for example AMP, BankWest, Suncorp for example, any but the Commonwealth Bank) and develop an ethical question based on an issue of your choice (for example: how people have been charged bank fees for an extended period of time after their passing, or how some funeral insurers have been operating and charging people),  after that you need to analyse the topic/company using the structure/ Marking Criteria provided in this document, as a summary see the three points below: Use stakeholder theory (chapter 3, Lecture 4) Provide arguments based on a “sufficient number” of theories of Corporate Governance, Corporate Social Responsibility (CSR) and/ or Creating Shared Value (CSV) to justify or criticise the actions and decisions taken while under the control of the board of directors. Analyse these decisions and actions using ethical as well as justice and economic distribution theories.[unique_solution] We expect that you demonstrate a well-developed ability to use critical thinking when analysing the topic and…

Central Bank of Somalia Training Institute   English Course   August- December 2018 Progress Report   Background   Second only to Mandarin, English with an approximated 1.2 billion speakers is one of the most popular languages in the world as at now. This translates to a rough estimate ratio of one to every seven people in the world who are able to comprehend some words of the language or have full knowledge of it which boldly translates into the importance of the language in the world. Besides its popularity, English language stands a proven diversification test as it is used in different fields ranging from learning purposes for students to commerce use for traders which implies that to a greater extent English language is key to the development of the education, tourism, technology, science, business, politics, culture, accounts and social networks, just to mention a few.   Many scholars such as Darrell Bricker, CEO of Ipsos Public Affairs, however, argue that English is the international language of business. Why? In support of their argument, these scholars believe that when companies…

  DBS bank review Company introduction DBS is the number one financial services provider in Asia being present in 18 markets. Headquarters are located and listed in Singapore. DBS at Singapore captivate its vision for its stakeholders under one purpose that s to make baking more joyous (DBS Group, 2018) pp. 2. DBS Bank in Singapore has a broad base of customers, but it mostly targets the owners of SMEs.Currently, consumer, property, and enterprise customers can open new accounts with them anytime, anywhere, via their mobile devices. They digitize their consumer on-board procedures to be intuitive and straightforward, simplify templates, repopulate fields on account of consumers, and automate the whole process so that a company relationship can be initiated almost instantly. They are trying to easily incorporate banking into our consumers ‘ daily lives to make banking more comfortable to create for them more time to devote to people and things that matter to them. Products offered by DBS bank Singapore include an account for consumer’s salary where they can credit. It also provides a platform for paying bills and…

Detroit Bankruptcy Issue Detroit Municipality Demographics Recent studies have shown that the U.S had, from the past, seen several municipalities file for bankruptcy. According to the American constitution, a public institution can file for bankruptcy in the case where the current budget depicts massive deficiencies, notably where the collected income has failed to meet the municipality’s colossal expenditure. Detroit city became a victim of this scenario in 2013, thus making the history as the largest United States municipality to file for bankruptcy. Detroit’s budget had a deficit of more than $19 billion. In demographics, Detroit ‘s 5 million people comprise of white people who represent 70% of the total population, followed by the Black-Americans, who stand at 22% as three %comprise of Asians (Duggan, 2019).  In this regard, the remaining percentage goes to the Native Americans and new minority groups. Detroit’s median household income, particularly among city residents, stands at $57,000. The decline of a vast economic state like Detroit attracted a considerable debate over the decision by its administration to file for bankruptcy.  The fact that Detroit municipal administration…

Bank Wars and the Mexican War. “Bank war.” Bank war refers to the campaign begun by president Andrew Jackson in 1833 to destroy the second bank of NaUnited States by failing to renew its charter (Carpenter, Daniel & Schneer, 220). President Andrew Jackson, he was convinced that his opposition to the bank had won public support. The second bank was a private organization with a 20-year charter and permission to operate nationally. Relationship between killing the bank by Jackson and the Panic of 1837 “Killing the Bank” In September 1833, President Andrew Jackson announced that the government would no longer use the country’s second bank and consecutively removed federal governments using his executive power. The panic of 1837. The panic was a financial crisis brought about by the economic policies of President Andrew Jackson. The panic brought significant economic recession that went till the 1840s (Carpenter, Daniel & Schneer, 220) with the effect of an increase in the unemployment rate. In contrast, profit, prices, and wages went down. Hence, “Killing the Bank” act by the President is what led to…

            EWP Design for Solar Power Bank Name Institution                   EWP Design for Solar Power Bank The concept of EWB challenges people to step out of their old fashioned way of doing things and embrace change by developing new alternative ways of doing things. Considering the technological advancement, through EWB, it is possible to solve the problems of different communities. By people stepping out of their cultural practices, they can develop design solutions that would be viable in different societies. By using the knowledge gained from engineering, it becomes easy not just to create designs, but creating designs that would provide solutions to the ever-increasing challenges facing humanity. It is time to use the knowledge gained from engineering for social good. One of the many challenges people face is the lighting system and power in general. While there has been an improvement in this area, scientists have not been able to ease the problem of people by developing a more convenient power system. In this design, propose…

            Rhetorical Arena Author’s Name: Institutional Affiliation:                             Abstract The “Rhetorical Arena Theory (RAT)” has been embraced as a new and more exhaustive approach to crisis communication. The article under review focused on the communication crisis through the lenses of RAT network analysis with the influence of news media put into consideration. The study was guided by three main research questions which were, overall actor prominence, relative rhetorical standing, and rhetorical relations among actors. The case selected for the study was that of the Volkswagen emission cheat-test. The data used in the analysis were retrieved from four prominent newspaper channels originating from the US and Germany. The most prominent actor was identified as the Volkswagen Company. Volkswagen was also noted to have a low relative rhetorical standing. The company, however, dominated as the central actor. The findings of this study were consistent with those of the public relations sector, especially publications on the behavior of companies in a financial crisis. While the…

Shadow Banking in Third World Countries  Shadow banking is a system that consists of lenders, brokers and other key financial players that fall outside the regulated banking system (Wullweber, 2019, pg 12). As opposed to the standard regulated banking, shadow banking does not have the usual risks and restrictions that face regulated banking. The institution does not accept traditional deposits, unlike the conventional banking system. As a result, it has escaped regulation successfully. According to Gennaioli, N. et al. 2013, The fact that shadow banking does not have control enable the players to take higher risks and therefore, in their operations.  Third world countries consist of underdeveloped and developing countries. Consequently, this system of banking is needed because of its low-cost loans and services because of fewer regulations compared to traditional banking systems (Griffith-Jones, S. and Rodriguez, E. eds., 2016, Pg 1338). This paper aims to establish the development of shadow banking in developing and underdeveloped economies.     References Gennaioli, N. et al., 2013. A model of shadow banking. The Journal of Finance, 68(4), pp.1331-1363. Retrieved fromhttps://onlinelibrary.wiley.com/doi/abs/10.1111/jofi.12031 Griffith-Jones, S. and…

A Guide to Pennsylvania Online Gambling for Real Money The gambling industry is a huge market that offers punters opportunities to make real money. There are many games you can play for money. Pennsylvania’s online gambling market provides a wide variety of games to its customers. You only need to pick the games that work for you and start enjoying the experience. In this article, you will learn about the top 5 casino games ranked based on the RTP, bet limits, and ease of play. The five casino games Baccarat Affectionately called the game of kings, Baccarat originated from Italy 500 years ago, with the most popular variant being the Punto Banco because it is easy to learn the rules and also play. Pennsylvania online gambling offers this game in casinos like Parx casino. Online platforms provide more flexible betting limits for Baccarat; the betting companies incur fewer overheads so they can offer bigger payouts and also smaller bets. Slots Pennsylvania Online gambling industry offers several real money game selection for slots. It provides better payout rates and odds and…