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Hadoop for Finance Essentials by Rajiv Tiwari

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Big data use cases in the financial sector

The financial sector is also sometimes called the BFSI sector; that is, banking, financial services, and insurance.

  • Banking includes retail, corporate, business, investment (including capital markets), cards, and other core banking services
  • Financial services include brokering, payment channels, mutual funds, asset management, and other services
  • Insurance covers life and general insurance

Financial organizations have been actively using big data platforms for the last few years and their key objectives are:

  • Complying with regulatory requirements
  • Better risk analytics
  • Understanding customer behavior and improving services
  • Understanding transaction patterns and monetizing using cross-selling of products

Now I will ...

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