Question

How is informatics affecting banking and financial institutions?

Answer 1

Banking and Financials Institutions and dynamic and hence becoming more complex giving rise to both new opportunities and challenges .

Eg. In the last few years we have seen high frequency trading , where in millions of trades are done in matter of hours. But this requires low latency robust infrastructure that can execute these amounts of trades with almost zero downtime. On the Strategy Building side , there is historical data crunching and market data .

The other ways in which informatics plays a crucial role is by streamlining data requirements of all the stakeholders in the financial world. It helps to read and understand the data in much more usable form with the help of different programs and software

In the world of banking , informatics can help the banks to find their target audience with the help of patterns designed specifically for humans

With the help of machine learning and analytical capabilities of humans , issues different risk can be identified and worked upon thus reducing the uncertainites in banking and finance