ASSESSING THE PERFORMANCE OF NON-BANKING FINANCIAL INSTITUTIONS – A KNOWLEDGE DISCOVERY APPROACH

This paper proposes a framework for assessing the performance of non-banking financial institutions (NFIs). Firstly, we present an overview of the non-banking financial institutions’ sector in Romania and, then, the CAAMPL system which is used to evaluate the performance of banks. We argue that this system is suboptimal when applied to assessing NFIs’ performance and that the Knowledge Discovery in Databases (KDD) process could offer specific methods that may be used to developing better systems. Next, we discuss different concepts that are closely related with the KDD process: data, information and knowledge. Finally, we present the KDD process and we show how our research problem can be formalized as a KDD process.