Banking / Finance

Banks look to ‘big fast data’ to meet regulator demands

02nd Oct `13, 08:11 PM in Banking / Finance

Increasing pressure from regulators to improve data monitoring capabilities in the light of several recent market crises is…

BDMS
Guest Contributor
 

Increasing pressure from regulators to improve data monitoring capabilities in the light of several recent market crises is leading Australian banks to invest in real-time market surveillance tools. Software AG vice president Dr John Bates, who is in Australia talking to banks and others about ‘big fast data’, said the group had recently sealed a deal with a large Australian bank.

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