The financial industry is experiencing a technological transformation like it has not seen since the emergence of the Internet. Mobile banking and payments, instant peer-to-peer money transfers via SMS, online peer-to-peer lending, robo-advice, AI-driven chatbots, and blockchain-based interbank payments – to name a few – are all financial innovations that have emerged in the last decade. One of the key elements that has been enabling this technological disruption is the incorporation of big data analytics by financial services companies. What is Big Data? Big data refers to sets of structured and unstructured data that are too large and complex to…...
How Big Data is Disrupting the Financial Industry
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