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This is for discussion and sharing of views on trends, practices and views in analytics in banking and financial industry
Like many industries pursuing innovation, banking and financial services often gravitate to hot topics such as decentralised and sustainable finance, super apps, or some aspect of the metaverse. While...
It's amazing how you can have a lot of information but gain no insight... #dataanalytics should be about bringing people and data together so they can innovate. What do I mean? The DRIP* syndrome i
Covid, the war in Ukraine and inflation have created an unprecedented, uncertain and volatile environment that firms now need to navigate. However, one of the biggest challenges has yet to fully mater...
What's BaaS? A flock of sheep or another annoying but potent banking acronym? BaaS is a way to modernize and grow the banking industry. It is about an open financial services ecosystem and the API orc...
Of all institutions, banks are at the forefront of sensing and encouraging the financial resiliency of their customers. They have clear insights into the state of an individual’s financial balance, sp...
It could be 5 - 25% more expensive to acquire new customers than to retain existing ones. New customers have to go through your entire customer acquisition funnel before becoming a customer, which i
Banks and Financial institutions are modernizing their data platforms and associated tool-sets to serve the fast needs of data practitioners, including data scientists, data analysts, business intelli...
The amount of support handed out to businesses means banks will soon need to collect money from them on a scale which has never been done manually before. Throughout the pandemic, many businesses have...
For years, we’ve heard that branch banking is on the way out. Banks have been focused on the idea that younger generations want to do everything online, and digital transformation initiatives have cen...
Twelve years ago, the banking industry suffered deep reputational damage in the wake of the 2008 global financial crisis. Bankers took the blame – in some cases deservedly – for large-scale economic p...
Accuracy measures the degree to which data represents the real-world entity in this case a person, organization, or Source from where we know it has originated. Measuring data quality is possible if t...
As Banks and Insurance firms have already embraced Data Lakes for their Artificial Intelligence and Machine learning capabilities, it is important to look for continuous Return on Investment on the pl...