Make Big Data Your Big Advantage in Financial Services

December 1, 2021

Make_Big_Data_Your
But what is Big Data? In a nutshell, it is the ability to retain, process, and understand data like never before (Zikopoulos, 2015). Big Data is when you have challenges that cannot be handled by traditional database systems.

Challenges in the context of Volume, Variety, Velocity, Veracity. These can be found in Financial Services. In fact, technology is so integral to banking that financial institutions are now almost indistinguishable from IT companies.

This article looks at the Financial Services industry to examine Big Data and the technologies employed. It further covers ROI, Big Data analytics, regulation, governance, security, and storage as well as obstacles and challenges that have made the industry what it is today.

Spotlight

Bidvest Insurance

Bidvest Insurance was founded in 1997 and with the support of the larger Bidvest Group, we have expanded and evolved becoming successful through consistent dedication to our customers, partners, values and goals. Bidvest Insurance is a company within the Financial Services division of the Bidvest Group and operates alongside other great companies like Bidvest Bank, FMI, Compendium Insurance Brokers and Glassock & Associates.

Other Infographics
news image

Why Fast and Accurate Financial Reporting is Critical for Construction Firms

Infographic | March 9, 2020

Executing the vision of your construction firm is priority number one. This list shows the top ten ways that fast and accurate financial reporting delivers increased value to your firm, helping to round out your vision. From enabling cash flow for new projects to the decision-making process needed for predictive trends, this infographic can empower your organization to meet both today’s and tomorrow’s challenges in the construction industry.

Read More
news image

The next frontier in Banking transformation

Infographic | February 10, 2020

Here’s how digital security pioneer V-Key helps banks establish secure and agile digital channels, without hardware. As technology evolves, banks and financial institutions have no choice but to innovate. However, when it comes to security, many still rely on traditional, costly methods.

Read More
news image

TOP 5 FINANCIAL TRENDS IN 2020 FOR BETTER MONEY DECISIONS

Infographic | January 16, 2020

The way people spend, save, and handle money nowadays have drastically changed. With the introduction of fintech solutions and new investment vehicles, it’s not surprising to see banking and financial industries now adapting to the modern needs of the younger generations. More tech trends are set to disrupt financial services in 2020,

Read More
news image

Top Four Strategic Technology Trends for Finance to See in 2022

Infographic | March 9, 2022

Provides a flexible and resilient integration of data information. At least 70% of data management efforts are reduced efficiently. Provides a flexible and resilient integration of data information. At least 70% of data management efforts are reduced efficiently.

Read More
news image

Three Best Areas for Automation in Finance

Infographic | March 30, 2022

Automation has a critical role to play in managing the financial processes. Fraud prevention: Financial teams need best practices to manage and detect fraud in financial activities.

Read More
news image

How growing consumer demand for tech solutions is accelerating innovation in financial services

Infographic | January 29, 2020

This is a preview of recent Fintech research from Business Insider Intelligence. Business Insider Intelligence offers even more fintech coverage with Fintech Pro. Subscribe today to receive industry-changing finance news and analysis to your inbox.

Read More

Spotlight

Bidvest Insurance

Bidvest Insurance was founded in 1997 and with the support of the larger Bidvest Group, we have expanded and evolved becoming successful through consistent dedication to our customers, partners, values and goals. Bidvest Insurance is a company within the Financial Services division of the Bidvest Group and operates alongside other great companies like Bidvest Bank, FMI, Compendium Insurance Brokers and Glassock & Associates.

Events