The application of big data technologies in banking is highly widespread. From fraud detection and prevention, to risk management, big data is helping banking provide better service and solutions to its users.
Banks are cognizant big data’s importance and are investing heavily in tech and expertise to beef up their services. American Express, for example, has a big data labs based out of Bangalore, India, which hires data scientists, statisticians and machine learning experts.
American Express’s big data labs is lead by Dr. Sachin Garg, who joined us for an hour long podacst, to talk about the big data landscape, its current applications and impact, and what the future has in store for banking and big data.
This podcast covered a lot of topics from the very definition of big data, to the specific problems that Amex is trying to solve using big data, to their contributions to the big data open source world. The podcast was conducted by the CEO of HackerEarth, Sachin Gupta.
Check out the entire podcast here –