Banking / Finance

'Big Data analytics and mobile banking are like two-edged swords'

NEW DELHI, INDIA: “If we were to assemble five years from now, we will identify two types of financial institutions, losers who became dinosaurs, as they were risk averse and exposed their assets and customers to cyber threats. And the winners, who would have embraced the new wave of IT and did it successfully. I would not be surprised if the giants of the financial industry emerged to be Google, Amazon, Pay Pal who are ruling the virtual world today,” commented Dr Jim Noble, throwing a challenge to the audience while delivering the key note address at a Summit on IT and Cyber Security focusing on Financial Services sector.

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