Will big data save the world's financial system?

The global financial system could be ensured a healthier and more prosperous future if new analytical approaches combined with big data usage are put into use, according to The Sacramento Bee.

A recent white paper released by BNY Mellon predicts that the 21st century global financial system will evolve even more quickly than it did in the late 20th century, with big data leading to new approaches in all phases of financial markets.

These phases include asset management, research, analytics, asset location, trading and risk management, the Sacramento Bee reported.

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