A review paper on the application of big data by banking institutions and related ethical issues and responses

Victor Chang; Lina Xiao; Qianwen Xu; Mitra Arami

A review paper on the application of big data by banking institutions and related ethical issues and responses

Victor Chang
, Lina Xiao
, Qianwen Xu
, Mitra Arami

Xi’an Jiaotong-Liverpool University
PARDIS Ltd

Research output: Chapter in Book/Published conference output › Conference publication

2 Citations (Scopus)

Abstract

Nowadays, Big Data and the Internet of Things (IoT) are one of the most popular topics. This review paper demonstrates an overview of the application of Big Data and IoT in banking institutions. In the beginning, a brief definition of Big data and IoT is provided and the integration of technologies by banks is illustrated. Then, this paper explains the potential sources where banks could generate Big Data. Next, the major works that banking institutions use Big Data are listed. In the final two parts, some acute ethical concerns are raised and appropriate solutions are suggested for the banking industry and other organizations.

Original language	English
Title of host publication	FEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business
Editors	Patricia Baudier, Mitra Arami, Victor Chang
Publisher	SciTePress
Pages	115-121
Number of pages	7
ISBN (Electronic)	9789897584220
Publication status	Published - 26 Apr 2020
Event	2nd International Conference on Finance, Economics, Management and IT Business, FEMIB 2020 - Virtual, Online Duration: 5 May 2020 → 6 May 2020

Publication series

Name	FEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business

Conference

Conference	2nd International Conference on Finance, Economics, Management and IT Business, FEMIB 2020
City	Virtual, Online
Period	5/05/20 → 6/05/20

Bibliographical note

Publisher Copyright:
Copyright © 2020 by SCITEPRESS - Science and Technology Publications, Lda. All rights reserved.

Keywords

Banks
Big Data
Ethical Issues of Big Data
IoT
Suggested Solutions

Cite this

Chang, V., Xiao, L., Xu, Q., & Arami, M. (2020). A review paper on the application of big data by banking institutions and related ethical issues and responses. In P. Baudier, M. Arami, & V. Chang (Eds.), FEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business (pp. 115-121). (FEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business). SciTePress.

Chang, Victor ; Xiao, Lina ; Xu, Qianwen et al. / A review paper on the application of big data by banking institutions and related ethical issues and responses. FEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business. editor / Patricia Baudier ; Mitra Arami ; Victor Chang. SciTePress, 2020. pp. 115-121 (FEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business).

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title = "A review paper on the application of big data by banking institutions and related ethical issues and responses",

abstract = "Nowadays, Big Data and the Internet of Things (IoT) are one of the most popular topics. This review paper demonstrates an overview of the application of Big Data and IoT in banking institutions. In the beginning, a brief definition of Big data and IoT is provided and the integration of technologies by banks is illustrated. Then, this paper explains the potential sources where banks could generate Big Data. Next, the major works that banking institutions use Big Data are listed. In the final two parts, some acute ethical concerns are raised and appropriate solutions are suggested for the banking industry and other organizations.",

keywords = "Banks, Big Data, Ethical Issues of Big Data, IoT, Suggested Solutions",

author = "Victor Chang and Lina Xiao and Qianwen Xu and Mitra Arami",

note = "Publisher Copyright: Copyright {\textcopyright} 2020 by SCITEPRESS - Science and Technology Publications, Lda. All rights reserved.; 2nd International Conference on Finance, Economics, Management and IT Business, FEMIB 2020 ; Conference date: 05-05-2020 Through 06-05-2020",

year = "2020",

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language = "English",

series = "FEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business",

publisher = "SciTePress",

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Chang, V, Xiao, L, Xu, Q & Arami, M 2020, A review paper on the application of big data by banking institutions and related ethical issues and responses. in P Baudier, M Arami & V Chang (eds), FEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business. FEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business, SciTePress, pp. 115-121, 2nd International Conference on Finance, Economics, Management and IT Business, FEMIB 2020, Virtual, Online, 5/05/20.

A review paper on the application of big data by banking institutions and related ethical issues and responses. / Chang, Victor; Xiao, Lina; Xu, Qianwen et al.
FEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business. ed. / Patricia Baudier; Mitra Arami; Victor Chang. SciTePress, 2020. p. 115-121 (FEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business).

Research output: Chapter in Book/Published conference output › Conference publication

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AB - Nowadays, Big Data and the Internet of Things (IoT) are one of the most popular topics. This review paper demonstrates an overview of the application of Big Data and IoT in banking institutions. In the beginning, a brief definition of Big data and IoT is provided and the integration of technologies by banks is illustrated. Then, this paper explains the potential sources where banks could generate Big Data. Next, the major works that banking institutions use Big Data are listed. In the final two parts, some acute ethical concerns are raised and appropriate solutions are suggested for the banking industry and other organizations.

KW - Banks

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KW - Ethical Issues of Big Data

KW - IoT

KW - Suggested Solutions

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Chang V, Xiao L, Xu Q, Arami M. A review paper on the application of big data by banking institutions and related ethical issues and responses. In Baudier P, Arami M, Chang V, editors, FEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business. SciTePress. 2020. p. 115-121. (FEMIB 2020 - Proceedings of the 2nd International Conference on Finance, Economics, Management and IT Business).

A review paper on the application of big data by banking institutions and related ethical issues and responses

Abstract

Publication series

Conference

Bibliographical note

Keywords

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