Big Data
Extremely large datasets analyzed for insights in marketing, risk, and fraud.
Detailed Description
Big Data
What are the four Vs of Big Data?
The four Vs of Big Data are volume, velocity, variety, and veracity.
How does Big Data improve customer experience in fintech?
Big Data allows financial institutions to understand customer behavior and preferences, enabling personalized products and services.
What are the main types of Big Data?
The main types of Big Data are structured data, unstructured data, and semi-structured data.
What regulatory frameworks affect Big Data in financial services?
Regulations such as GDPR in Europe and CCPA in the U.S. govern consumer privacy and data security.
What future trends are expected in Big Data for fintech?
Future trends include AI integration, real-time analytics, data democratization, and increased collaboration between fintech and traditional banks.