Big data

Big data

The Financial Stability Board defines big data as “the massive volume of data that is generated by the increasing use of digital tools and information systems,” such as financial transaction data, social media data, and machine data (e.g., Internet of Things, computer and mobile phone data. (FSB, 2017)

A schematic view of AI, machine learning and big data analytics

Supply and demand factors of financial adoption of AI and machine learning

FSB „Artificial intelligence and machine learning in financial services“ (November 1st, 2017)

Sources:

https://www.fatf-gafi.org/en/publications/Digitaltransformation/Opportunities-challenges-new-technologies-for-aml-cft.html

https://www.fsb.org/wp-content/uploads/P011117.pdf