Financial services firms are consolidating data traditionally managed in silos in order to analyse risk exposure, comply with regulatory mandates, and use the data for multiple purposes. Traditional technologies such as relational database management systems make it challenging, if not impossible, to process growing volumes of data and make it accessible, actionable and flexible to changing needs in terms of queries and analytics.
European financial regulators are worried that big data techniques might result in restrictions on consumer access to products and services in future, and are considering whether new rules might
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2015 was a groundbreaking year for banking and financial markets firms, as they continue to learn how big data can help transform their processes and organizations. Now, with an eye towards what
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This article was originally published by International Business Times.
Within the silos of incumbent financial services, so-called fintech companies are good at picking off one thing
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