Big data in banking allows banks to build contextual and mutually beneficial relationships with customers by understanding their spending habits, lifestyle preferences, risk profiles, and savings goals. However, poor data quality costs the US economy trillions each year, with many business leaders and individuals unsure of how accurate the data they use really is. The amount of data being created is growing exponentially across industries like healthcare, social media, the internet of things, and on the stock exchange, but making sense of this unstructured data requires new database architectures beyond traditional relational databases.

3. 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

4. New York Stock Exchange
Captures 1 Terrabyte of Data
Each trading Session
Modern Cars have at least
100 sensors generating
data in real-time
By 2015 it is estimated that network
connections will average more than
2.5 people on earth.

5. Estimates of over 420 million
consumer wearable's in the
next 4 years
400 million tweets
30 billion pieces of content
4 billion hours of video
Data in Healthcare estimates
at 150 Exabytes

6. 1 in 3 Business Leaders
Don’t trust the data they use
to make decisions
$3.1 TRILLION a year!
The cost to the US economy attributed to poor data quality
In one Survey
27% of respondents
were unsure of how much of
their own data was inaccurate

7. You

9. 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)

10. THE NEW WORLD OF DATA ANALYTICS IS IN
REVEALING INSIGHTS
LITERALLY EVERY FIELD IMAGINABLE

11. Alacergroup.com

12. Alacergroup.com

13. http://www.youtube.com/watch?v=F7pYHN9iC9I