Banking / Finance

Banking on Big Data and Analytics

12th Dec `13, 04:21 AM in Banking / Finance

For years, financial institutions have collected reams of information on their customers: the transactions, account activity, loan portfolios…

BDMS
Guest Contributor
 

For years, financial institutions have collected reams of information on their customers: the transactions, account activity, loan portfolios and credit card balances that are their lifeblood. And they convert much of this data into monthly, quarterly and annual reports for use by their customers, risk managers and auditors.

For the most part, banks have done a good job of looking back in time and leveraging historical data. Looking forward? That’s more of a challenge.

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