An important way to keep up with modern life for a company is to use big data. But for many financial institutions that is easier said than done. They struggle with copious amounts of data that are hard to access for various reasons. French startup Indexima offers a smart technology solution for large banking, insurance and financial institutions (BIFS). Co-founder and general manager Emmanuel Dubois is giving a webinar on this very topic, but is willing to share some insights with us in advance.
The use of data can be incredibly helpful for banks, insurers and financial institutions and they know it. Between 2010 and 2015, no other industry invested as much in Big Data as the financial industry: over €50 billion. Even so, there are still massive challenges. “The biggest challenge for large financial companies is that they work with a lot of data,” says Emmanuel Dubois. “Our customers usually complain about their IT. Because when they try to load data into their dashboard, it takes minutes to refresh.” Which is why Indexima offers a solution that helps their clients to get access to their data instantly. “Within a subsecond,” says Dubois. “No matter the volume or format”.