Big data analytics and risk management in banks

Following the financial crisis of 2009, financial institutions all over the world have increased their focus on customer risk management. To achieve this, financial organisations are laying down rules for credit risk and liquidity ratio levels, including enforcing regulatory acts such Basel III that has increased the amount of customer data for analysis.

Basel III has brought new compliance requirements, which places greater emphasis on governance and risk reporting across global organisations requiring banks and insurance companies to store and analyse many years of transactional data for customers. New models of proactive risk management are increasingly being adopted by major banks and financial institutions.

Author: Dr Jaya Shukla

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s