2015
DOI: 10.4018/ijbir.2015070104
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Big Data Business Intelligence in Bank Risk Analysis

Abstract: This paper provides an overview of big data technologies and best practices from the standpoint of business intelligence (BI) applications in the banking industry. The authors discussed current challenges in banking industry that could be addressed by using big data technologies. Based on their research, they provided a list of big data tools and technologies in terms of an ecosystem that are suitable for real-time data processing and capable in bank fraud detection and prevention, and other bank risk analysis… Show more

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Cited by 19 publications
(9 citation statements)
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References 48 publications
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“…Hadoop can be used for a wide variety of purposes, such as real-time streaming and processing, log processing, developing recommendation systems, building a data warehousing environment, market campaign analysis, and fraud detection [91]. Consolidated data into a single platform provide improved data mining and business intelligence capabilities [100]. Hence Hypothesis H9: Hadoop's FL to consolidate data from various sources to a single place (HDFS) will have a positive effect on the PU of Hadoop.…”
Section: Hypothesis H4: Pe Is Positively Related To the Pu Of Hadoopmentioning
confidence: 99%
“…Hadoop can be used for a wide variety of purposes, such as real-time streaming and processing, log processing, developing recommendation systems, building a data warehousing environment, market campaign analysis, and fraud detection [91]. Consolidated data into a single platform provide improved data mining and business intelligence capabilities [100]. Hence Hypothesis H9: Hadoop's FL to consolidate data from various sources to a single place (HDFS) will have a positive effect on the PU of Hadoop.…”
Section: Hypothesis H4: Pe Is Positively Related To the Pu Of Hadoopmentioning
confidence: 99%
“…It is to be noted that huge, stored data requires a more sophisticated big data mining tools installed. The standard big data software can only analyze 5% of the entire bank's dataset at a time (Rahman & Iverson, 2015). Therefore, it is crucial for, in this case, banks to invest in an advanced data mining software to achieve an accurate analysis of bank's data and potential risks.…”
Section: Literature Reviewmentioning
confidence: 99%
“…These data consist of internal transactional data and external business related data, which get generated in many places including the social media sites. These data are stored in traditional data warehouses as well as Hadoop-based big data platforms [24,7]. Due to enormous volume of data knowledge workers need special tools, technologies and data mining algorithms or techniques to process, perform predictive analytics, and analyze the data.…”
Section: Prior Workmentioning
confidence: 99%
“…Due to enormous volume of data knowledge workers need special tools, technologies and data mining algorithms or techniques to process, perform predictive analytics, and analyze the data. It requires processing of data using extract-transform-load tools, business intelligence tools [25,23] and data mining tools [15,24] in order to make informed business decisions.…”
Section: Prior Workmentioning
confidence: 99%