Building Analytics Competency in the Banking & Financial Services Industry – Free Whitepaper
The Great Recession of 2008 was a period of tremendous uncertainty in the financial sector. In the aftermath, even as new compliance regimes were put in place, consumer confidence in banks plummeted and investments took a nose-dive. In the meantime, banks had also begun to digitize, which meant that they now had to contend with the spectre of cyber security threats, like hacking and computer fraud, which could imperil online financial transactions and services.
It became evident that banks and financial firms needed to equip themselves with ways and means of preventing similar incidents in the future. This was a daunting task, and would require the utilisation of exhaustive, multi-year data to produce viable predictive models. Banks had the data; after all, they were capable of capturing billions of internal and public transactions. What they needed were tools and technologies that could process and analyze such massive data flows.
Jigsaw Academy delves in depth into how the banking and financial services industry leveraged big data with the help of data management systems and data analytics, to boost organizational success across drivers such as profitable growth, risk management, and performance. Download this free whitepaper to learn about the various applications of analytics in BFSI and how to build analytics competency, from processes and people to tools and technologies.
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