For instance, they are aggregating data and making it more readily available for AI and machine learning ML as well as experimenting with new applications and use cases such as trade discovery and surveillance. Additionally, regulations like BSBS239, MiFID II and FRTB are forcing FIs to store, report and interpret deep data points from a number of different systems and of differing levels of trust, standardisation and openness.
This TickSmith report analyses how FIs are leveraging cloud to solve their big data conundrum and address the unpredictable nature of data.