BBVA API Market
Big Data offers many possibilities, many of them yet to be explored. But there is no doubt that it is here to stay, so everyone needs to have at least a working knowledge of the sector. This quiz is a chance for you to remind yourself of certain aspects and some curious facts.
After the boom in the creation and distribution of information, companies have focused on recruiting profiles capable of managing these vast sums of data. This is the profile of the Big Data expert they are looking for.
Big Data applied to the banking business offers many new possibilities. APIs specialized in technologies like deep learning and automatic learning enable users to extract relevant information from Big Data in order to define products, segment customers, effectively manage risk and detect fraud. In this last area, in the summer of 2017 the Spanish internal revenue service launched a platform to detect fraudulent practices, based on data analysis.
There are numerous other initiatives on the market, all incorporating solutions, tools and features based on data analysis:
The real estate sector is becoming digitized by investing in technological solutions to adapt to a user looking for simple processes and transparent documentation in the purchasing processes.
APIs can be designed to facilitate customer onboarding, so that the necessary steps are simplified and registration for the bank-mediated service is maximized.
Bank accounts are one of the most popular products taken out by Spanish citizens. Open banking is helping to further generalize this product among the population by offering digital accounts on third-party platforms. An incredibly attractive option with a number of advantages over traditional checking accounts.