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A Review on the Application & Influence of Big Data in the Financial Institutions

Author

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  • Mirza Fahim Ahmed

    (Lecturer, Department of Humanities & Business, Khulna University of Engineering & Technology (KUET))

  • Ishter Mahal

    (Associate Professor, Department of Accounting & Information Systems, University of Dhaka)

Abstract

The research explores & elaborates on the application & influence of Big Data on the main areas or functions of various financial institutions, mainly commercial banks. Big Data has become an integral part of modern finance & economy. This study aggregates the main factors associated with the application of Big Data over various financial activities. The research also explores the complexities & constraints of Big Data within the lens of financial activities. The research follows a secondary data collection technique by systematically locating & reviewing academic research focusing on Big Data and finance or banking activities. Ultimately, the study provides a comprehensive overview of the fundamental characteristics of Big Data, its applications in financial institutions, related complexities & potential strategies to minimize the complexities.

Suggested Citation

  • Mirza Fahim Ahmed & Ishter Mahal, 2025. "A Review on the Application & Influence of Big Data in the Financial Institutions," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 12(2), pages 208-229, February.
    • Handle: RePEc:bjc:journl:v:12:y:2025:i:2:p:208-229
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