3 of the top 5 banks run Cloudera.
The digital revolution has dramatically changed the financial services industry, making it business-critical for financial services companies to collect, store and analyze massive volumes of data.
Many of today’s top financial service firms rely on Cloudera to create central data hubs that combine large volumes of diverse and detailed data, allowing them to ask bigger questions that drive competitive advantage in several key business applications. The result: they can better serve their customers, understand their risk exposure and reduce incidents of fraud.
In order to forecast mortgage portfolio valuations, organizations build out and continuously adjust predictive models. These models produce enormous data volumes that must then be cross-compared with actual market behavior.
Cloudera helps financial services firms store longer consumer history, payment data, structured external credit data sources, and unstructured sources such as property valuation sites, local consumer offers, crime report data and public sentiment data. By combining this data geographically and aligning it chronologically, they can enrich the attributes related to particular mortgages and apply more data to their models.