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This is for discussion and sharing of views on trends, practices and views in analytics in banking and financial industry
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Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider
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 intelligence and reporting analysts, and self-service-embracing business and technology personnel. However, as the tool-stack in most organizations is being...
28 February 2021 /sustainable /cloud
Retired Member
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 borrowed purely to survive rather than drive growth, which begs the question as to how many of these businesses will exist long enough to repay the ...
09 February 2021 /covid-19
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 centred around creating seamless user experiences on web and mobile and a truly networked society. At the same time, visiting the local branch has been ...
08 October 2020 /retail /covid-19
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 problems that took a severe toll on many of society’s most vulnerable people. The crisis severely shook banks and financial institutions. Some, like N...
15 September 2020 /covid-19
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 the characteristics of its physical and contextual existence are well understood. These characteristics of data can be translated into data quality rul...
02 August 2020 /regulation /identity
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 platform. If a Data Lake is not well maintained, it can turn into a swamp while finding usable data can confuse the data consumers. Most challenges can ...
26 July 2020 /sustainable /devops
Micah Willbrand Product Director ID&F at Experian UK&I
Covid-19 has caused upheaval to all our lives. With the economic impact still uncertain but likely very significant, it’s clear we’ll be living with the consequences of the outbreak for a substantial period of time. But even during these unprecedented times, criminals and fraudsters remain active. Banks and other financial providers’ fraud teams – ...
25 June 2020 /crime /covid-19
Konrad Litwin Global General Manager - Testing at Perforce Software
Using advanced mathematical modelling for calculating, predicting and evaluating risk is nothing new. Financial institutions of all kinds have long been using numerical libraries, whether home-grown or from a third party, containing mathematical, statistical and — increasingly — machine learning algorithms. However, the increasing complexity, mark...
08 June 2020
In 2017, American banks collected 34.3 billion dollars in overdraft fees. (link). The average value for an overdraft fee is $ 30 in the United States. This means that the average American ended up paying $ 125 in overdraft fees. In a world where the share of digital payments is growing rapidly, a digital assistant (or ABAs – Automated Banking Ass...
07 June 2020 /retail /cloud
Joan McGowan Banking Industry Expert at SAS
Banks have a responsibility to respond to their customers’ needs through the coronavirus pandemic while, at the same time, preparing for a precipitous economic downturn and a different, post-COVID world. A poorly organized or ad hoc response could amplify the economic impact. Banks that take an empathic approach will help the community at a time ...
20 April 2020 /retail /covid-19
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