{"id":15381,"date":"2020-10-06T13:28:06","date_gmt":"2020-10-06T13:28:06","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=15381"},"modified":"2020-10-06T13:28:06","modified_gmt":"2020-10-06T13:28:06","slug":"big-data-s-impact-on-finance","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/big-data-s-impact-on-finance\/","title":{"rendered":"Big Data\u2019s impact on finance"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The financial services industry is changing at an unprecedented pace. Let\u2019s take a quick look at the role of Big Data in this time of extraordinary change:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Risk modeling and management <\/b><span style=\"font-weight: 400;\">\u2013 adopting Big Data analytics helps build more effective risk models and propose new methods to mitigate risks.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Consumer analytics<\/b><span style=\"font-weight: 400;\"> \u2013 the analysis of spending patterns, investments, shopping trends, personal philosophies and other backgrounds helps target consumers with useful solutions, ultimately making it a powerful lead generation tool.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Digital transformation<\/b><span style=\"font-weight: 400;\"> \u2013 digital transformation is one of the most significant changes in the financial industry, and it\u2019s all powered by Big Data.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Operational efficiency optimization<\/b><span style=\"font-weight: 400;\"> \u2013 Big Data boosts overall performance in the industry by using performance analytics to determine optimal performance and make data-driven assessments.<\/span><\/li>\n<\/ul>\n<p><b>Unlocking growth opportunities<\/b><span style=\"font-weight: 400;\"> \u2013 Big Data is unlocking new opportunities by leveraging massive financial data and using advanced analytics to launch new products, sell insights and increase profits.<\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-15381 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Brexit\u2019s impact on FinTech in the UK and the EU'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/brexit-s-impact-on-fintech-in-the-uk-and-the-eu\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/01\/brexit-s-impact-on-fintech-in-the-uk-and-the-eu-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12119\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12119'>\n\t\t\t\tBrexit\u2019s impact on FinTech in the UK and the EU\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='New survey reveals how COVID-19 is accelerating digital transformation in retail banking'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/new-survey-reveals-how-covid-19-is-accelerating-digital-transformation-in-retail-banking\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/07\/0e957b63-324b-43bf-9e6e-c21c6aabe9ee1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15154\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15154'>\n\t\t\t\tNew survey reveals how COVID-19 is accelerating digital transformation in retail banking\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BigTechs threaten financial stability'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bigtechs-threaten-financial-stability\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/08\/bigtechs-threaten-financial-stability-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13482\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13482'>\n\t\t\t\tBigTechs threaten financial stability\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The financial services industry is changing at an unprecedented pace. Let\u2019s take a quick look at the role of Big Data in this time of extraordinary change: Risk modeling and management \u2013 adopting Big Data analytics helps build more effective risk models and propose new methods to mitigate risks. Consumer analytics \u2013 the analysis of &hellip;<\/p>\n","protected":false},"author":12,"featured_media":15382,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15381"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=15381"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15381\/revisions"}],"predecessor-version":[{"id":15383,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15381\/revisions\/15383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/15382"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=15381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=15381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=15381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}