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Big Data ME Retail Banking Forum 2014

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Presentation on Big Data and how it can be used effectively in Retail Banking.

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Page 1: Big Data ME Retail Banking Forum 2014
Page 2: Big Data ME Retail Banking Forum 2014
Page 3: Big Data ME Retail Banking Forum 2014

KYC is about Knowing Your Customer.

Really? KYC is about identifying your customer. It is about compliance! It is NOT about understanding the customers needs.

Big Data in banking is about making your relationship with the customer contextual , relevant and mutually beneficial….its about building an Everyday Bank.

Spending Habits

Customer

Lifestyle Likes & Dislikes, Interests , Health and Safety, Travel Trends

Risk Profile

Patterns for Fraud Detection

Savings & Investment preferences

Page 7: Big Data ME Retail Banking Forum 2014

You

Page 9: Big Data ME Retail Banking Forum 2014

UNSTRUCTURED DATA IS LESS ORDERED

AND RIGID, AND MORE INTERRELATED THAN TRADITIONAL DATA

NEWLY EXPANDED DATABASE STACK

TRADITIONAL STACK

DIRECT RECORD ACCESS OR QUERIES

Monolithic Hardware

MapReduce PROGRAMS

Distributed Hardware

Relational Database

NoSQL Database

Parallel Relational Database

HADOOP (MapReduce

Engines)

Page 10: Big Data ME Retail Banking Forum 2014

THE NEW WORLD OF DATA ANALYTICS IS IN

REVEALING INSIGHTS LITERALLY EVERY FIELD IMAGINABLE

Page 11: Big Data ME Retail Banking Forum 2014

Alacergroup.com

Page 12: Big Data ME Retail Banking Forum 2014

Alacergroup.com