7 July, 2015
Big Data in Banking: Mining Opportunities From Challenges
Among banking leaders, there is a near unanimous acknowledgement of the transformative role that data will play in the success of digital banking by way of delivering competitive advantage and determining future winners. More importantly, a bank’s data and analytical capabilities will be central to staving off multiple challenges – such as data silos and lack of integration, both of which limit insight – facing traditional banking structures and models.
Banks trying to overcome their four biggest challenges, linked to customers, competition, fraud and compliance, will find many solutions in advanced data and analytics technologies.