Banks & Big Data

OERMA Discover new. possibilities BANKS & BIG DATA Although many banks are embracing the new era of big data and are working hard to analyze and use information, they are still having trouble applying the results to improve risk II management. Use of big data in creating risk profile. Future investment in big data tools. 42% 42% of the respondents has the ability to integrate, manipulate and query big data when creating risk profiles. 47% 47% of the respondents plans to invest in these tools in the next 3 years. BIG DATA AND FRAUD RISK 24 Identification of Behavior monitoring to anticipate future fraud. suspicious transactions. 45% 45% 45% of respondents says big data 45% says that the best opportunity lies in monitoring borrower can facilitate near-instantaneous customer contact to verify suspicious transactions behavior to anticipate and respond to this fraud of risk. The survey shows and demonstrates that banks are embracing big data and then investing in related analytic tools. But there are still face challenges in applying the results to deliver superior risk management performance-particularly in relation to liquidity and credit risk. This infographic is presented by ERMA, Enterprise Risk Management Academy, based on the finding of a research conducted by the Economist Intelligent Unit published on December 2014. Visit www.erm-academy.org to get more insightful information on risk management CONNECT WITH ERMA [email protected] | www.erm-academy.org @ERMAcademy lin erm-academy %24