by Angela Guess

A recent press release states, “Financial services firms from all over the world are under pressure to grow their businesses by adding new, consumer-friendly digital services, including more mobile access options, while minimizing risk and maintaining compliance. Today Cloudera, the global provider of the fastest, easiest, and most secure data management and analytics platform built on the latest open source technologies, announced more financial services firms are turning to Cloudera Enterprise as the backbone of an enterprise data hub to support digital transformation efforts. Cloudera’s big data software solutions help information-driven financial firms increase revenue while at the same time attracting new and retaining existing customers. Cloudera solutions also enable powerful fraud detection capabilities and ensure that financial organizations are complying with government regulations.”

Steve Totman, big data evangelist and industry leader of Financial Services at Cloudera, noted, “Financial services organizations have many challenges to overcome as they move to embrace a digital transformation including customer journeys, fragmentation, security, privacy, and data quality. They must also attract a new generation of customers who require these institutions to offer more services over a variety of channels… We have seen strong demand for Cloudera’s enterprise data hub from financial firms that need to address these complex business challenges and enable faster and more accurate analytics while adhering to regulations and requisite security and governance practices.”

Read more at Globe Newswire.

Photo credit: Cloudera