In addition to the regulatory requirements to store data for seven years, banks face internal demands for data to use in modeling and trying to understand the behavior of the marketplace, Bantleman added.
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It has just finished gathering data on 25 banks in what was meant to be just another routine and confidential test.
On the flip side, harnessing Big Data also helps banks to identify and contain fraud and to comply with money-laundering rules and sanctions.
The data show central banks buy more dollars when it falls and less when it rises, says Stephen Jen of BlueGold Capital, a hedge fund.
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The Bank of England describes the Merlin numbers like this: "these data are not collected under the Bank of England's statistical code of practice and definitions of data vary across banks".
Analyzing customer data also allows banks to spot any potential customer problems, improve management of customer accounts, engage in real-time dialogue with customers, and improve overall customer experience online and over the phone.
The cost to the Indian companies, which do everything from running call centers to managing the massive amounts of transactional data generated by banks, could run to several hundred million dollars in lost profits.
The Commission will examine the data of big banks in 2014 and has the right to recommend a delay to implementation if the transparency is shown to significantly hurt the competitiveness of EU companies.
The Fed will gather data from big banks and determine if they have enough capital to pay out dividends to goose their stocks higher, or enough capital to repurchase stock so higher earnings-per-share metrics makes them attractive.
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The banks send in data as to what they paid, or could pay, to borrow from other banks at each maturity level.
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Thomson, Reuters and Bloomberg have been competing to sell data terminals to large banks, brokerages and hedge funds.
In this case, the object is to make huge climate simulations spanning hundreds of years, and then analyse the massive banks of data that result.
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They have access to all the credit assessment data used by the banks, and make credit checks on your behalf on all those requesting loans from them.
And there may be more limitations on the way as the Consumer Finance Protection Bureau recently launched an inquiry asking banks for data about their overdraft practices.
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Finally, data mining is helping banks create risk profiles for those who might lack a credit score or other standard qualifications, opening the door to financial services for them.
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The Japanese agency will start collecting data next year on banks' assets, domestic market shares, and transactions with other financial institutions to measure the potential risks that banks could pose to the financial system, Nikkei said.
But as made clear in documents seen by BBC News Online and distributed at the worldwide presentation to the content division - the section which generates the financial data Reuters sells to banks and other key customers - the move will almost certainly involve redundancies.
In financial services it has clients among hedge funds, large banks, news data management firms and insurance companies.
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They will determine, based on the honest and complete data submitted, if the banks are in good enough shape to distribute capital.
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For investment banks, the data centers can provide co-location of their algo engines next to exchanges to reduce latency in high frequency trading.
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Against expectations, parliament also secured measures to make banks disclose more data about their net income, public subsidies and taxes, broken down country-by-country.
Instead of secret bank accounts, entire secret banks: offshore data havens tucked into satellites or old dead oil rigs or blast-proofed caves outside Kandahar.
Of the southeastern states covered by the data, Arkansas-based banks ranked highest, averaging prices at 186% of tangible book value, followed by Mississippi at 121%.
Kroll's software had to synch not only with banks' mainframes but also with programs run by intermediaries--such as Harland Financial Services and FIS--that track deposit and loan data and integrate them with banks' general ledgers.
When jobs data improves or when more banks either mark their commercial real estate to market or sell it at a loss to attempt to spur more investments then perhaps the commercial real estate scenario will turn around, he says.
Also on June 9th, the Congressional Oversight Panel published a report that questioned the stress tests' reliance on banks' own data and their failure to capture the full risks in asset classes, particularly commercial property, that are only now going bad.
He disclosed that a decision has been taken for the PRA to publish all the regulatory data supplied to it by banks - what is known as banks' regulatory return - so that banks' investors and creditors will be able see for themselves whether the banks are taking excessive risks.
Through its cooperative data model, Sageworks collects financial statements for private companies from accounting firms, banks and credit unions, and aggregates the data at an approximate rate of 1, 000 statements a day.
Construction Sector DataThrough its cooperative data model, Sageworks collects financial statements for private companies from accounting firms, banks and credit unions, and aggregates the data at an approximate rate of 1, 000 statements a day.
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