Predicting and tracking risk is seeing finical institutes increasing their uptake and use of analytic services and capabilities.

A survey released by analytics company FICO has revealed that more than a third of retail banking firms that responded are seeking to incorporate big data into their risk analytics.

40 percent of respondents are intending to invest in improving their finical analytics systems aimed at credit applications, 28 percent of respondents said that they would be investing directly in marketing analytics.

The European Credit Outlook report found that the uptake of data analytics reflected the move by financial institutions to increase the reliability and security of risk management services in light of the banking crisis and new legislation based on past aggressive risk-tasking.