Global Financial Services Market Outlook 2021-2030; Expected to Reach $28.52 Trillion by 2025 - ResearchAndMarkets.com
Summary
Big data solutions are being implemented to deliver insights around client segments, product penetration and analyse training program effectiveness. For instance, CargoMetrics, an investment firm based in Boston used Automatic Identification System (AIS), to collect data on commodity movement such as cargo location and cargo size to develop analytics platform for trading commodities, currencies and equity index funds. This move is mainly a result of increasing competition among banks and growing demand for simplified and quick commercial lending process. According to global technical body EMVCo, the number of EMV chip payment cards across the world reached 4.8 billion by the end of 2015. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.