Analysis of Big Data in Finance Sector

Analysis of Big Data in Finance Sector

Author Name : Kavya G, Ayushi Srivastava, Aditi, Anvesh Raju V, Chowdawaram Abhinav, Swati Vishwakarma, Lohitha Siripurapu

ABSTRACT

The financial sector generates tremendous amounts of data daily. Consequently, more attention is being focused on trans-forming that data into actionable knowledge. Big data and data science techniques have revolutionized the business world; the focus of this paper is to study the extent of this transformation in the financial field by considering research works discussing big data in financial markets, banking, credit risk management, fraud detection and insurance and illustrating some real life applications and challenges of this technology.

Keywords: Big Data, Data Science, Finance, Banking