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
financials
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)
CIO Finance Summit
From Complexity to Customer Centricity In order to bolster the bottom line and ensure future growth, the finance industry needs to create customer centric organizations that focus on rebuilding and regaining consumer trust as well as producing loyal, high-value brand ambassadors. ' CIOs and IT executives will play a critical role in this internal restructuring, creating … [Read more...] about CIO Finance Summit
Big Data in Retail Financial Services
The value of Big Data to the retail financial services industry is estimated to reach more than £6 billion over the next few years, which means big business for the industry. In order to ‘harness’ this potential, banks must recognize that they are sitting on a vast amount of information which – if it can be easily accessed and cost-effectively managed, … [Read more...] about Big Data in Retail Financial Services
Rabobank Learned Valuable Big Data Lessons Thanks to Proof of Concepts
Rabobank started with big data in March 2011. After they named the big data trend one of 10 most important trends in their IBA ICT Trends prediction. In the prediction of 2013 trends, the big data trend was positioned at number 6 of ICT trends. As part of practice what you preach, the Rabobank started with developing a big data strategy in July 2011. They created a list of 67 … [Read more...] about Rabobank Learned Valuable Big Data Lessons Thanks to Proof of Concepts
