Creating A Customized Banking Experience With Big DataApril 12, 2013Customers have different expectations of their bank, and are willing to pay for different services. Big data opens the door for banks to group their customers according to their banking preferences, which can make customers more satisfied and more profitable.
Big Data: Where to Begin?April 01, 2013Bank Systems & Technology got an early exclusive look at a report to be released tomorrow by Celent that highlights the difficulties many financial institutions are facing in moving towards a data-driven business model.
With Big Data Comes Great Responsibility (to Your Customers)February 09, 2012Big Data represents a significant opportunity for banks to enhance the customer experience and boost retention. But digging through massive amounts of data to find the right information about a customer also presents a great challenge to overextended IT or
Can Banks Utilize Data Analysis to Play 'Moneyball'?February 08, 2012It's likely there has been plenty of conflict and fear in the room as financial institutions have tried to come to grips with the implications of big data, but big data will break down organizationl boundaries and force people out of their comfort zones.
Big Data Requires Big StorageFebruary 02, 2012As banks continue to accumulate massive amounts of data, with no end in sight, the industry must find new ways to store it.