Big Data used by Financial Institutions - 0 views

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  #1 Bharat Khetan on 05 Aug 13

   

  http://blogs.wsj.com/cio/2013/02/06/banks-using-big-data-to-discover-new-silk-roads/
  
  I happened to know a person working for Citibank in India in the Statistics department. He told me that they have prepared a software which takes the inputs as color of the clothes, haircut, height, etc of applicant for loan / credit card and then gives the credit rating / risk in giving the loan or credit card based on the data they have.

   

  <div class="cArrow"> </div><div class="cContentInner"><a href="http://blogs.wsj.com/cio/2013/02/06/banks-using-big-data-to-discover-new-silk-roads/" rel="nofollow" target="_blank">http://blogs.wsj.com/cio/2013/02/06/banks-using-big-data-to-discover-new-silk-roads/</a> <br /> <br /> I happened to know a person working for Citibank in India in the Statistics department. He told me that they have prepared a software which takes the inputs as color of the clothes, haircut, height, etc of applicant for loan / credit card and then gives the credit rating / risk in giving the loan or credit card based on the data they have.</div>

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