Why Financial Regulations Drive Big Data

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Big DataBetween asset bubbles and other threats, new regulations force financial institutions to do everything from vetting counterparties against “black lists” of banned entities to real-time global fraud detection. Paper-based processing, siloed product and customer information, manual workflows, and hard-coded business rules can’t keep up.

Achieving and proving compliance in this real-time global environment requires real-time processing, Big Data architectures and data models, adaptable business rules engines, and sophisticated analytics.

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