Summary of Retail Banks and Big Data

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

Retail Banks and Big Data summary
Start getting smarter:
or see our plans

Rating

7


Recommendation

Much of the buzz about big data has focused on the obscure uses that companies such as Google, Uber or Apple make of their data hoards. But big data is important for other types of businesses as well. This Economist Intelligence Unit survey of financial executives reveals that bankers and risk professionals see great potential in big data for improving their risk management capabilities and for realizing bigger profits at less risk. Despite its lack of concrete examples and case studies, getAbstract recommends this survey of the current state of big data in banking to financial and risk management professionals.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

 

Summary

Bankers calculate the risks associated with credit, liquidity, collateral, markets and operations, among many other factors. Though they have long had systems to measure and mitigate some of these hazards, bank executives need to supplement their traditional risk-assessment methods, particularly as financial institutions become larger and more interconnected and offer more diverse, sophisticated services.

Big data presents new ways to evaluate risks in real time, thus allowing banks to alter their activities rapidly. Big data differs...


More on this topic

By the same author

Industries in 2019
8
Order and Progress?
8
The Global Liveability Index 2018
8
The Hinrich Foundation Sustainable Trade Index
8
Preparing for Disruption
9
Trade War Brewing?
8
A Digital Future
7
M&A in a Changing World
8
Turning Tides
8
Changes on the Institutional Investment Horizon
7
The Marriage of High Tech and High Finance
7
Innovation in Investment
9
China’s Supply-Side Structural Reforms
9
Symbiosis
8
Worldwide Cost of Living 2017
7
2016 The Year in Crisis
7
Innovation in Life Sciences
9
Democracy Index 2016
9
The Chinese Consumer in 2030
9
Towards Disaster-Risk Sensitive Investments
7
Industries in 2017
8
Managing Risk in Challenging Economic Times
8
Terms of Trade
7
The Workforce of the Future
8
Global Microscope 2016
8
“One Belt, One Road”
8
US Mid-Market Enterprises
7
Global Food Security Index 2016
8
Latin America’s Innovation Gap
8
The Hinrich Foundation Sustainable Trade Index 2016
8
Factors
7
Out and Down
8
Retail Banking
7
Europe Stretched to the Limit
8
Worldwide Cost of Living 2016
7
The Well-Connected Treasurer
7
All That Glitters
8
Governance, Cost and Sustainable Investing
7
Democracy Index 2015
8
Industries in 2016
8
Rethinking Risk in a More Uncertain World
7
The Disruption of Banking
8
The Never-ending Sale
8
After the Freefall, What to Expect from Commodity Prices
8
A Delicate Stage
8
Cultivating Sources
7
The Wealthy Migrant
7
Financing the Fragile Economic Recovery
7
Long-Term Macroeconomic Forecasts
8
The Cost of Inaction
9
The Blue Economy
8
Chinese Investment in Developed Markets
8
Private Sector Development in the Caribbean
7
Prospects and Challenges on China’s ‘One Belt, One Road’
8
Generation ¥
8
Future Cities
8
Digital Adoption in the Insurance Sector
8
Future Factors
7
Spotlight on the New Wealth Builders
8
The Road from Principles to Practice
7
Singapore
8
Worldwide Cost of Living 2015
8
Redefining Banking to Survive and Thrive in a Digital World
7
The Future of Business: Supply Chains
7
Democracy Index 2014
8
Still Making It
8
Navigating the Waters of Foreign Exchange and International Payments
7
Industries in 2015
8
Global Challenges in Asset Management
7
The Business of Cheaper Oil
8
China Going Global Investment Index
7
Financial Services: United States of America
6
Global Microscope 2014
8
Evolution of Work and the Worker
7
Cyber Incident Response
8
Business Environment Rankings
7
The Business Environment in Gulf Co-Operation Council Countries
8
Consumer Goods and Retail
7
United Kingdom
7
Financial Services
8
Energy
8
Japan
7
Germany
7
Future Factors
7
Value-Based Healthcare
7
Worldwide Cost of Living 2014
7
China’s Urban Dreams, and the Regional Reality
9
The Search for Growth
8
Brazil
8
Is 75 the New 65?
8
Succeeding in a Value-Based Environment
8
Industries in 2014
8
The End Isn't Nigh
8
Diminishing Dependence
8
China
8
World Risk Alert April 18th 2013
8
Telecommunications
8
Women’s Economic Opportunity 2012
8
Consumer Goods and Retail
7

Customers who read this summary also read

Too Smart for Our Own Good
8
Cracking the Emerging Markets Enigma
7
Why Wall Street Matters
7
Automating the Wall Street Rainmaker
8
The Spider Network
8
Global Corporate Banking 2018
8

Related Channels

Comment on this summary