Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Big Data in Banking Case Study - Risk Management UOB Singapore The United Overseas Bank (UOB) Limited, the third-largest bank in SouthEast Asia, has leveraged

Big Data in Banking Case Study - Risk Management UOB Singapore The United Overseas Bank (UOB) Limited, the third-largest bank in SouthEast Asia, has leveraged Big Data to direct risk management, the biggest area of concern for any banking organization. Keeping the same in mind, UOB took a gamble with employing a risk management system that is based on Big Data. Calculating the value of risk is a time-consuming effort, usually taking up to 20 hours. Through its Big Data risk management system, UOB was now able to do the same task in just a few minutes and with the aim of doing it in real-time pretty soon

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Hospitality Marketing Management

Authors: Robert D Reid, David C Bojanic

4th Edition

0471476544, 9780471476542

More Books

Students also viewed these General Management questions

Question

What is the practical value of philosophy?

Answered: 1 week ago

Question

Does the person have her/his vita posted?

Answered: 1 week ago