high on Essays logo

Our Services

Get 15% Discount on your First Order

Recall that United Savings Bank collects information in each of the following systems. Core Banking System Online Banking Lending System (Auto/Personal

Recall that United Savings Bank collects information in each of the following systems.

  • Core Banking System
  • Online Banking
  • Lending System (Auto/Personal Loans)
  • Credit Card System
  • Mortgage Lending System
  • Insurance Policy System
  • Financial Investment System

They are interested in understanding how they can leverage this data, in addition to data gathered from other potential sources, to provide a competitive advantage in their market.

You have been asked to present to the board a discussion on how big data can provide USB with a strategic advantage. This week they are most concerned with how to prevent fraud.

The following is the necessary information to complete this lab assignment.

Create a diagram to show the board how data from these systems could potentially be used to provide a full 360° view of a customer. Show how information in each system could potentially overlap (customer names, addresses, etc.). The 360° degree view of the customer as it is associated with the seven application systems could be a flowchart or could be more creative and look something similar to the following.

Image Description

However, it would include all seven application systems and include the actual fields that are similar in all the systems. However, you can be creative here. MS Visio works well for a diagram (MS Visio is available in Citrix). You can do a print screen of your sketched diagram and then use the paste feature to paste the diagram into your Word document. Another alternative is to draw out your diagram and take a picture that you can send to your email and paste into your Word document.

Step 3: Lab Memo

In a one-page memo, identify what could cause data challenges for the organization given the different systems collecting information, and explain how creating a centralized repository of the most current customer information could be helpful. This would be done on the second page of the MS Word document.

Step 4: Lab Research

Research how financial companies are using big data to prevent fraud, and prepare a one-page memo explaining how one or two strategies could be used and incorporated within USB’s existing business systems. This would typically be the third page of your MS Word Document

Step 5: Complete and Submit Work

Submit a Microsoft Word Document that includes all three steps (2, 3, and 4) listed in this lab assignment.

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit
Reviews

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

CASE/BUS520  Business Analytics & Intelligence Reporting  Assignment Overview Presentation You compiled a comprehensive report based on the findings for

CASE/BUS520  Business Analytics & Intelligence Reporting  Assignment Overview Presentation You compiled a comprehensive report based on the findings for the Module 4 Session Long Project. It included workplace applications that may be implemented based on the findings. You will present your findings to industry leaders. Case 4 ResourcesPresentation Tips to

Project Guidelines and RubricIDS 105 Project Guidelines and RubricCompetencies In this project, you will demonstrate your mastery of the following

Project Guidelines and RubricIDS 105 Project Guidelines and RubricCompetencies In this project, you will demonstrate your mastery of the following competencies: Describe the factors that influence one’s perception of social justice Examine the impact of intercultural competence on collaboration and communication Utilize interpersonal communication strategies to navigate conflict Overview In

SLP/BUS530 Managerial Economics  Economic Justice and Organizational Strategy Assignment Overview Presentation On an economic topic that has staunch

SLP/BUS530 Managerial Economics  Economic Justice and Organizational Strategy Assignment Overview Presentation On an economic topic that has staunch supporters on multiple perspectives. SLP Assignment Presentation: Economics of Social Responsibility and Profit  Social Responsibility and Profit must be balanced and consider at least two different viewpoints. The main focus must be

Case/BUS530 Managerial Economics  Economic Justice And Organizational Strategy Assignment Overview Economic Justice Economic Justice is a global issue. The

Case/BUS530 Managerial Economics  Economic Justice And Organizational Strategy Assignment Overview Economic Justice Economic Justice is a global issue. The struggle for Economic Justice in modern America is not a new movement. Paradigm-shifting events in 2020 pushed companies and organizations to address inequities and assess their track records while devising a