1. Market Research

Big Data Opportunities in Retail Banking

  • 24 pages, published in October 2013
  • By GlobalData
  • Report Number: 3375858

Summary

Table of Contents

Summary
Big Data analytics can uncover hidden patterns, correlations, and other useful information. The insights that can be drawn from Big Data analytics can help financial services providers tackle mission-critical issues, such as improving customer understanding, customer profitability, and managing risk more effectively.


Synopsis
- Discover how to make the most of the opportunities offered by Big Data.
- Sculpt future strategies by harnessing lessons from best practice examples.
- Keep ahead of the curve by learning the potential challenges of applying Big Data.

Reasons To Buy
- How can financial services providers seize the opportunities in using Big Data?
- What is the untapped potential of Big Data analytics in financial services?
- Which providers are being innovative and pioneering the use of Big Data in financial services?
- What is the future of Big Data usage in financial services?
- What are the key obstacles to utilizing Big Data?

Key Highlights
Big Data analytics can provide valuable insights that can be used to improve existing products and create new ones. It can reveal if there is strong demand for a product that a bank is not currently offering or if it is losing customers due to a flaw in its offering.

Big Data analytics can help banks understand their customers at a more granular level and more quickly deliver targeted personalized offers. This enables higher offer and cross-sell acceptance rates that improve customer profitability.

The management of risk has become a key priority for banks. One of the exciting applications of Big Data is improving banks' credit risk management as well as their ability to detect and prevent fraud, financial crime, and security breaches.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you get this report now

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

ref:plp2013

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.