The Hortonworks Blog

Posts categorized by : Financial Services

Today we are delighted to announce the formal partnership between Accenture and Hortonworks, which is the continuing evolution of the ongoing collaboration between the two companies which started in 2012. With this formal agreement, Accenture and Hortonworks will collaborate on making large structured and unstructured datasets – including operational, video and sensor data – more accessible to organizations for insight-driven decision-making. Together, the two companies will continue to collaborate on joint horizontal and vertical solutions to speed the adoption of Apache Hadoop.…

Customers’ Hadoop Journey

We’ve all had two weeks to reflect on Hadoop Summit 2014. One of the biggest differences that stood out in this year’s Summit (as compared to Summit 2013) was the presence of large enterprise customers that are using Apache Hadoop as an important part of their modern data architectures.

Hadoop has gone beyond its original Yahoo use case—indexing the web via a nightly batch MapReduce process —and into the mainstream of daily data processing and analytics with real-time, online, interactive, and batch applications at many notable companies.…

One of the key concerns in the financial industry today is the alarming increase in fraudulent activities.  It is estimated that over $12 billion is spent on fraud detection and prevention and that number is projected to increase significantly over the next few years. Customer data gets compromised and this leads to a decreased level of customer satisfaction and retention, which results in revenue declines for financial organizations.

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As financial institutions continue to embrace the adoption of big data infrastructures like the Hortonworks Data Platform based on Hadoop, there is a wealth of information collected that can help with more sophisticated fraud detection. …

This is the seventh in our series on modern data architectures across industry verticals. Others in the series are:

Any financial services business cares about minimizing risk and maximizing opportunity. Banks weigh the risk of opening accounts versus the opportunity to hold deposits.…