Integration of the Big Data Environment in a Financial Sector Entity to Optimize Products, Services and Decision Making

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Ulises Roman Concha
Ulises Roman Concha
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José Huapaya Vásquez
José Huapaya Vásquez
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Guillermo Morales Romero
Guillermo Morales Romero
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Dominga Cano Ccoa
Dominga Cano Ccoa

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Integration of the Big Data Environment in a Financial Sector Entity to Optimize Products, Services and Decision Making

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Abstract

This article describes the integration from big data environment in the management of products and services from a banking entity with optimizing financial products and decisionmaking. Actually, there are many financial entities where their different business areas have isolated databases, causing greater consumption of computer resources, maintainability and, in many cases, process delays. This problem becomes critical specially if there is a transnational company because data needs can vary geographically despite being the same functional area. The Data Architecture area proposed guidelines such as centralizing information in a big data environment, ensuring progressive accessibility from users for new financial analytics initiatives and thereby reducing isolated data. The agile, Scrum framework supported the advanced analytics pilot which comprising developments in the data ingestion layer (data lake) through the distributed processing from Apache Spark; and information consumption through Sandboxes, which one, users performing the analysis, visualization and prediction from data.

References

6 Cites in Article
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  2. Galeano (2019). Las nuevas Oportunidad del Big Data para las instituciones financieras -Pedro Galeno.
  3. Quiroz (2019). Diseño de una arquitectura para el procesamiento distribuido de grandes volúmenes de datos.
  4. Miguel Martinez,Ricardo Andreś Aguilar,Diego Duarte,Cedeño (2019). Revista Opuntia Brava -Universidad de Las Tunas.
  5. Rekha Nachiappan,Bahman Javadi,Rodrigo Calheiros,Kenan Matawie (2017). Cloud storage reliability for Big Data applications: A state of the art survey.
  6. López (2018). Stakeholder Perceptions and Word-of-Mouth on CSR Dynamics: A Big Data Analysis from Twitter.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Ulises Roman Concha. 2026. \u201cIntegration of the Big Data Environment in a Financial Sector Entity to Optimize Products, Services and Decision Making\u201d. Global Journal of Computer Science and Technology - C: Software & Data Engineering GJCST-C Volume 22 (GJCST Volume 22 Issue C2): .

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Big data finance integration in the financial sector.
Issue Cover
GJCST Volume 22 Issue C2
Pg. 41- 51
Journal Specifications

Crossref Journal DOI 10.17406/gjcst

Print ISSN 0975-4350

e-ISSN 0975-4172

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GJCST-C Classification: DDC Code: 005.7 LCC Code: QA76.9.B45
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v1.2

Issue date

July 19, 2022

Language
en
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This article describes the integration from big data environment in the management of products and services from a banking entity with optimizing financial products and decisionmaking. Actually, there are many financial entities where their different business areas have isolated databases, causing greater consumption of computer resources, maintainability and, in many cases, process delays. This problem becomes critical specially if there is a transnational company because data needs can vary geographically despite being the same functional area. The Data Architecture area proposed guidelines such as centralizing information in a big data environment, ensuring progressive accessibility from users for new financial analytics initiatives and thereby reducing isolated data. The agile, Scrum framework supported the advanced analytics pilot which comprising developments in the data ingestion layer (data lake) through the distributed processing from Apache Spark; and information consumption through Sandboxes, which one, users performing the analysis, visualization and prediction from data.

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Integration of the Big Data Environment in a Financial Sector Entity to Optimize Products, Services and Decision Making

Ulises Roman Concha
Ulises Roman Concha
José Huapaya Vásquez
José Huapaya Vásquez
Guillermo Morales Romero
Guillermo Morales Romero
Dominga Cano Ccoa
Dominga Cano Ccoa

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