Hadoop® Accelerates Earnings Growth in Banking and Insurance
A Modern Data Architecture for Financial Services
Few industries depend as heavily on data as financial services. Banks and insurance companies aggregate, price and distribute capital with the aim of increasing their return on assets with an acceptable level of risk. To stay competitive, they need real-time, actionable data to forecast market movement, understand operations, screen for fraud and comply with regulations. In today’s marketplace, this means capturing, storing, and analyzing data from millions of transactions every minute.
For these reasons, financial services companies invest in data solutions earlier and more deeply than other industries.