Some applications in the field of finance are as follows:
- Identifying the riskiness of a loan/credit card applicant
- Estimating the credit limit of a given customer
- Predicting whether a card transaction is a fraudulent transaction
- Identifying the customer segments that need to be targeted for a campaign
- Predicting whether a customer is likely to default in the next few months
- Recommending the right financial product that a customer should buy
