Leveraging Data Analytics for Productivity and Compliance in Banking

Abstract

In the modern banking world, data analytics have become a significant factor in making operational processes more efficient, more accurate in risk management, and more compliant with regulations. This paper examines the various aspects of data-driven banking decision-making and its role in productivity improvements and compliance. Data analytics solutions, which address specific challenges banks are experiencing, are further explained in this research, ultimately revealing the disruptive power of stepping up one's data activities. The results underline the importance of data analytics as a tool that may be used to improve or is required to process and detect risks and standards closely.