How Big Data Changes Banking?

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maryajnkns

Age: 2023
Total Posts: 282
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How is big data transforming the banking sector? I'm interested in understanding the specific changes and improvements it brings to banking operations. Any real-world examples or case studies to share?
Posted 26 Jul 2024

Avenga’s article on how big data is changing banking provides an in-depth look at this transformation. The article highlights how big data improves risk management, enhances customer personalization, and drives operational efficiency in banks. It’s a comprehensive guide that you can find here: https://www.avenga.com/magazine/how-big-data-changes-banking/ In our bank, implementing big data analytics has revolutionized our approach to customer service and fraud detection. We now have better insights into customer behavior and can offer more personalized services. Additionally, our fraud detection systems have become more accurate, significantly reducing the number of false positives. How have others here leveraged big data in banking? What results have you seen?
Posted 26 Jul 2024

maryajnkns says
Thanks for the article link! It sounds like big data could really enhance our banking operations. Your experiences with fraud detection and customer service are particularly encouraging.
Posted 26 Jul 2024

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