How Big Data is Shaping the financial Landscape
Publication details: New Delhi Cyber Media Ltd 2023Description: Vol XL No 07 Pg 60-62Subject(s): In: Data QuestSummary: Big Data analytics is enabling organizations to analyze vast amounts of data, including financial transactions, regulatory filings, and market trends, to identify patterns and potential compliance violations. As the world shifts towards a cashless future, banks must adopt a comprehensive risk management approach, identifying, assessing, mitigating, and monitoring risks. Big Data analytics helps banks make data-driven decisions, detect suspicious transactions, target marketing, assess risk, and understand market trends, streamlining processes and reducing costs. To remain competitive in the BFSI sector, firms must invest in technology, talent, partnerships. and maintains a competitive edge in a rapidly evolving ecosystem.| Item type | Current library | Status | Barcode | |
|---|---|---|---|---|
| Article | St. Francis Institute of Management and Research | Available | AR1048 |
Big Data analytics is enabling organizations to analyze vast amounts of data, including financial transactions, regulatory filings, and market trends, to identify patterns and potential compliance violations. As the world shifts towards a cashless future, banks must adopt a comprehensive risk management approach, identifying, assessing, mitigating, and monitoring risks. Big Data analytics helps banks make data-driven decisions, detect suspicious transactions, target marketing, assess risk, and understand market trends, streamlining processes and reducing costs. To remain competitive in the BFSI sector, firms must invest in technology, talent, partnerships. and maintains a competitive edge in a rapidly evolving ecosystem.
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