Recent applications of big data in finance
Balkiss Tekaya, Sirine El Feki, Tasnim Tekaya, Hela Masri
Abstract
The financial sector generates tremendous amounts of data daily. Consequently, more attention is being focused on transforming 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.
Topics & Concepts
Big dataData scienceFinanceComputer scienceData managementRisk managementFocus (optics)Field (mathematics)Financial servicesBusinessData miningMathematicsPhysicsOpticsPure mathematicsImbalanced Data Classification TechniquesBig Data and Business IntelligenceStock Market Forecasting Methods