Abstract
Nowadays, Big Data and the Internet of Things (IoT) are one of the most popular topics. This review paper demonstrates an overview of the application of Big Data and IoT in banking institutions. In the beginning, a brief definition of Big data and IoT is provided and the integration of technologies by banks is illustrated. Then, this paper explains the potential sources where banks could generate Big Data. Next, the major works that banking institutions use Big Data are listed. In the final two parts, some acute ethical concerns are raised and appropriate solutions are suggested for the banking industry and other organizations.
| Original language | English |
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| Title of host publication | FEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business |
| Editors | Patricia Baudier, Mitra Arami, Victor Chang |
| Publisher | SciTePress |
| Pages | 115-121 |
| Number of pages | 7 |
| ISBN (Electronic) | 9789897584220 |
| Publication status | Published - 26 Apr 2020 |
| Event | 2nd International Conference on Finance, Economics, Management and IT Business, FEMIB 2020 - Virtual, Online Duration: 5 May 2020 → 6 May 2020 |
Publication series
| Name | FEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business |
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Conference
| Conference | 2nd International Conference on Finance, Economics, Management and IT Business, FEMIB 2020 |
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| City | Virtual, Online |
| Period | 5/05/20 → 6/05/20 |
Bibliographical note
Publisher Copyright:Copyright © 2020 by SCITEPRESS - Science and Technology Publications, Lda. All rights reserved.
Keywords
- Banks
- Big Data
- Ethical Issues of Big Data
- IoT
- Suggested Solutions