European banks must improve ‘big data’ practice – EBA report

Tapping into big data’s potential

Europe’s banks are not doing enough to govern their own use of big data and advanced analytics, the European Banking Authority says in a report.

Many stakeholders in the European financial sector feel lenders are “still at an early stage” in finding solutions to the problems around big data, the EBA says. “This may be due to institutions’ approach to new technological solutions, affected by issues relating to their legacy systems, and to adequacy of skills, expertise and knowledge, as well as

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: