Tag Archives: Analytics

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‘I’ For Innovation: How Technology Is Evolving Regulatory Compliance

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The ever-growing relationship between technology and financial services has brought significant changes to the financial industry. Shifting market conditions, customer needs, entry of new players, ever changing innovative technologies and changing regulations is impacting the whole industry. Find out how FinTechs play a pivotal role in the regulatory compliance by leveraging innovative technologies. FinTech is…

Overview Of SAR (Suspicious Activity Reporting)

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Suspicious Activity Reporting (SAR) forms the cornerstone of the Bank Secrecy Act (BSA) and provides critical financial information to combat terrorist financing, money laundering, and other financial crimes. To comply with this requirement, it is essential for financial institutions to have in place sophisticated monitoring and reporting processes capable of identifying and monitoring transactions and…

Which are the commonly used Hadoop Tools in Banking?

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Hadoop Infrastructure Hortonworks The company provides Hadoop Implementation and Solutions to various industries, also including financial institutions. Their main focus is to minimize risks by using analytics and data processing to maximize opportunity. Hadoop solutions by Hortonworks are used in banks, insurance companies and security firms to Detect Fraud, Model and Manage Risk, Improve Debt…

Hadoop in Banking: The Game Changer

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What is Hadoop? Apache Hadoop is an open source software framework written in Java for distributed storage and processing of very large datasets on multiple clusters. Developed by Doug Cutting and Mike Cafarella in 2005, the core of Apache Hadoop consists of ‘Hadoop Distributed File system for storage and MapReduce for processing data. The basic…

The Cloud for Productivity

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In today’s world remote working is extremely essential because of the level of convenience it can get for any kind of business. Talking about convenience, businesses want security, online storage and access, in-house bookkeeping and a lot more attributes that Cloud Computing has to offer.   What is Cloud Computing? Cloud Computing is a model…

Discover Opportunities of Big Data Analytics

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Big Data Analytics is the hammer which chisels the marble chunks of big data revealing risk patterns, fraud alerts, operational trends, customer preferences and other nuggets of information. This in turn leads to more timely identification of risks, efficient marketing, increased profits and improved customer service. What is the Goal of Big Data Analytics?   Big Data’s…