DEVELOPING MINING-GRID CENTRIC E-FINANCE PORTALS FOR RISK MANAGEMENT AND DECISION MAKING

Abstract

E-finance industry is rapidly transforming and evolving toward more dynamic, flexible and intelligent solutions. This paper describes a model with dynamic multilevel workflows corresponding to a multilayer Grid architecture. The mining-grid is used for multiaspect analysis in building e-finance portals on the Wisdom Web. The application and research demonstrate that mining-grid centric design is effective for developing intelligent risk management and decision making financial systems. This paper concentrates on how to develop a mining-grid centric e-finance portal (MGCFP), not only for supplying effective online financial services for both retail and corporate customers, but also for intelligent credit risk management and decision making for financial enterprises and partners.