Implementation of Big Data Analysis in Banking Management Reform, Action Aid and Risk Control

Haotian Yu
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Haotian Yu: UNNC, University of Nottingham Ningbo China

A chapter in Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024), 2024, pp 336-341 from Springer

Abstract: Abstract As a matter of fact, Commercial banks are economical institutions making money by taking deposits, lending loans and investing. In previous, banks were hard to deal with data created in every daily processes. Big data mining technology is a hi-tech tool helping collecting, storing and analyzing a huge amount of information swiftly. It is been proved powerful in analyzing the reality and making predictions. In recent years, commercial banks applied the big data mining to deal with both information created in their own processes and in the Internet. The big data mining helps commercial banks to complete their digital reforms to access efficiency. According to the analysis, big data mining also aids banks’ operations as well as control the risks. To sum up, the big data mining technology is changing the management of bank. Overall, these results shed light on guiding further exploration of big data implementation in finance field.

Keywords: Bank; Finance; Big Data; Economic; Management; Digital Reform (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-408-2_38

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