Zions Bancorp uses big data for fraud detection and enhanced account and transaction monitoring. Aaron Caldiero, Zions’ senior data scientist, says all institutions should collect as much data as possible. Big data is critical from a fraud-detection and risk-mitigation perspective, he says. Zions is working with other banks to help get better handles on big data, he adds. He also discusses how banking institutions can ensure they’re hiring the right people for big data management.”]
Source: https://www.bankinfosecurity.com/banks-big-data-how-to-create-value-a-5015