Big Data: The Key to Thriving in Banking & Financial Services

Big Data: The Key to Thriving in Banking & Financial Services

More than 40% of Banks and FIs ramp up to launch big data and analytics business and technology strategies (“Refer to section Reference: Ref b”), it is important to understand that aging technology presents problems related not only to reliability and speed, but also many aspects of business that are at risk by a poorly performing computing foundation.

By using high end predictive analytics, banks can:

  • Achieve better operational efficiency, which improves IT while reducing spending.
  • Acquire and retain profitable customers by delivering higher value.
  • Improve risk management – market, credit, operation, liquidity.
  • Strengthen the integration of social media with business processes and decision making.