Technology has a lot to play in the evolution of the Banking & Finance Industry in the last one to two decades. The service and the way the banks operated have advanced to make life easier for both the customers and the banking professionals. When the Big Data Revolution hit the various industries, the banking industry realised the opportunity avenues associated with it. … [Read more...] about The Role and Impact of Big Data on the Banking & Finance Sector
Financial Services
Big Data and Risk Management in Financial Markets (Part I)
We have seen how the interdisciplinary use of big data affected many sectors. Different examples are contagion spreading (Culotta, 2010); music albums success predictions (Dhar and Chang, 2009); or presidential election (Tumasjan et al., 2010). In financial markets, the sentiment analysis probably represents the major and most known implementation of machine learning techniques … [Read more...] about Big Data and Risk Management in Financial Markets (Part I)
Big Data in the Face-paced World of Finance
In 1998 the SEC began to allow online trading of financials securities. It took traders very little time to realize that data, and lots of it, was going to be absolutely essential to making money. Some firms realized that a tiny advantage in data, be it in speed of transfer or quality of data, could lead to huge increases in profits and revenue. Thus began high-speed and … [Read more...] about Big Data in the Face-paced World of Finance
Hyper Personalised Customer Interactions in Banking
In todays tight world economy, under-stress financial institutions, including banks, are looking for fresh solutions to help grab new customers, retain the profitable clients, and eventually boost the bottom line. Banking on Big Data analytics is the way forward. The lines between the real world and digital finance are fast blurring. Increasingly, FIIs and banking executives … [Read more...] about Hyper Personalised Customer Interactions in Banking
5 Ways Blockchain will Transform Financial Services
Blockchain is being hailed as the new internet and is driving transformation for businesses across multiple sectors, particularly for the Financial Services. But how exactly? Blockchain in a Nutshell Lets start with a quick recap of what exactly blockchain is and its benefits. Pinching a definition from the Financial Times A blockchain is a shared digital ledger that allows … [Read more...] about 5 Ways Blockchain will Transform Financial Services