Across every industry from financial services to healthcare, companies are creating, storing, analyzing, and leveraging data more than ever before to combat fraud, find new cures to deadly diseases, and automate entire industries with data-powered artificial intelligence and machine learning robotics. Modern data integration, data quality, and data engineering technologies have made it easier than... more
Financial services organizations cannot afford to take short cuts when it comes to managing data for their business needs. Whether you are a credit union, a life insurance company, a retail brokerage, or a Global Systemically Important Bank (G-SIB), it is critically important to ensure every business unit, application, and end user has access to... more
The new year brings new challenges and opportunities across the financial services industry as banks, brokerages, and life and P&C insurance companies prepare to enter it with enthusiasm and caution. To help shed some light on what might be in store, I’ve compiled a list of the top predictions in 2021 across financial services: The... more
We all know that customer experience is pivotal for attracting and retaining customers in the banking industry. I recently had an interaction with my bank that brought this home in a big way. A few weeks ago, my iPhone’s Face ID failed to work, causing me to be locked out of my bank’s services. As... more
Managing and monitoring credit, market, liquidity, and operational risk across financial markets was hard enough with ongoing geopolitical tensions, international trade wars, and of course the occasional hurricanes and earthquakes. The current pandemic is forcing chief risk officers and their teams to recalibrate old assumptions and models used to manage and monitor risk. Innovations in... more
What is the Role of Big Data in Banking? Big data is defined by four main characteristics: volume, velocity, variety, and veracity. The global financial services industry generates massive amounts of structured and unstructured data every day by processing hundreds of billions of financial transactions as well as through interactions such as email, audio and... more
Their business may be finance, but these days banks don’t earn—or keep—customers by providing better returns or interest rates. Instead, banks increasingly compete by giving customers modern conveniences while making sure they stay in compliance amidst regulatory complexity. Those two issues—customer experience and regulatory compliance—are at the heart of the banking business in 2017. And... more
The Data 3.0 era is upon us, so this blog has a little look at how data powers the world of Financial Services. What’s going on in Financial Services? If I look at what seems to sit behind many conversations I have with customers, there seem to be a number of common factors. These common... more
Despite significant investments in Data Governance programs, Chief Data Officers, and Tools, financial services companies (buy side, sell side, insurance, banking, etc.) of all sizes continue to struggle with the quality of data in their enterprise as evidenced by a recent survey and white paper completed by WBR and Informatica “Modernizing Data Quality & Governance:... more
Like most industries, the financial services industry is all about those zeros and ones. Every credit card transaction, mobile payment, brokerage order, mortgage approval, and interaction between client and advisor generates a tremendous amount of data. Data that has to be trusted, secure, timely, and share across the enterprise whenever and wherever the business needs it... more