The transformative impact of Big Data on modern banking

TRAI Issues Directions Regarding Pilot Project For Digital Consent Management With RBI-regulated Banks

In today’s digitally connected world, data has become a new currency. However, with huge data comes greater responsibility, and managing the consent of the data holders becomes indispensable for businesses. Consent management ensures that businesses properly obtain, store and track user consent for collecting and processing personal data. With comprehensive privacy laws such as India’s Digital Personal Data Protection Act (DPDPA) and the IT Act,…

The transformative impact of Big Data on modern banking

Written By: Market Trends In this increasingly digitally integrated world, the banking industry is experiencing an unparalleled transformation, and leading this transformation is Big Data. The conventional brick-and-mortar banking system has transformed gradually into a dynamic, data-centric cosmos wherein every customer touch point, transaction, and digital footprint is a prized asset. Today’s bank is no longer merely a funds custodian but a sp…