How Big Data is Redefining the Banking and Financial Industry

In the face of unmetered innovation across multiple industries, the banking industry has been rather quiet. For centuries, the banking industry has gone unscathed by the unrelenting tides of change. People still queue in banks to perform the simplest transactions. Appending the wrong signature on a check or form can lock you out of your bank account - or at the very least, turn your day into a nightmare. Thankfully, there are positive signs that the industry is slowly undergoing a transformation.