Big Data and Analytics for Financial Services 2017

Due to the sheer volume of data the financial services sector generates from customers, transactions, global trading, and many other sources, it is currently one of the most risk-laden sectors. This has put the FS sector under increased scrutiny from regulatory bodies to remain compliant, resulting in on-going pressure for effective information governance. But this has also created an opportunity to improve competitiveness and drive business growth. The sector is leveraging data to develop new and innovative products and services via better customer segmentation analysis, which will ultimately optimise customer experience by creating a personalised service, resulting in loyalty amongst customers and ultimately help grow their revenue streams.