Credit Card Business in Malaysia: A Data Analytics Approach

The revolution of big data has made resonance in the banking sector especially in dealing with the massive amount of data. The banks have the opportunity to know about the customer's opinions and satisfaction regarding their products by analyzing the data gathered every day. So, the banks can transform these data into high-quality information that allow banks to improve their business especially in credit cards which is becoming a short-term business for the banks nowadays. Further, the sentiment analysis has become immense in the field of data analytics especially the customers’ opinion makes a huge impact in making profitable business decisions. The outcome of the sentiment analysis does assist the banks to know the deficiencies of their product and allow them to improve their products to satisfy the customers. From the sentiment analysis, 45% of the customers were negative, 30% were positive and 25% were neutral towards the credit card facility offered by the commercial banks. Also, the prediction of credit card customer satisfaction will contribute in a significant way to create new opportunities for the banks to enhance their promotion aspects as well as the credit card business in future. Random Forest algorithm was applied with three various experiments utilizing the normal data, balanced data and the optimized model with the normal data. The optimized model with the normal data obtained the highest accuracy of 87.38% followed by the normal dataset by 85.82% and the least accuracy was for the balanced dataset by 82.83%.

@article{Yaseen2020,
  title     = {Credit Card Business in Malaysia: A Data Analytics Approach},
  journal   = {International Journal of Advanced Computer Science and Applications},
  volume    = {11},
  number    = {12},
  year      = {2020},
  publisher = {The Science and Information Organization},
  author    = {Mohamed Khaled Yaseen and Mafas Raheem and V. Sivakumar},
  doi       = {10.14569/IJACSA.2020.0111247},
  url       = {https://doi.org/10.14569/IJACSA.2020.0111247}
}