Data Solutions Insights

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Banks yet to fully adopt advanced analytics

16th January 2020

Company: bobsguide
Banks to expand their use of analytics, according to Alex Kwiatkowski, principal industry consultant at SaS’ global banking practice. “[Banks] have not yet realised the full potential of analytics,” says Kwiatkowski. “They may have analytics in siloed areas, perhaps on individual functional areas… but the idea of... read more
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AI adoption flounders in CRM

19th December 2019

Company: bobsguide
Despite being touted as the future of customer relationship software, a recent study by Freshworks – a customer engagement company – revealed that only 12 percent of CRM users actually utilise an artificial intelligence (AI) tool. The study also found that 97 percent of CRM users think AI is too expensive, with 89 percent suggesting... read more
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FIA Tech’s Davis: Futures industry must prioritise tag 1031 codes

4th December 2019

Company: bobsguide
Brokers, exchanges, and clearing houses must make implementation of the Future Industry Association (FIA)’s execution source codes a priority to reduce friction in brokerage settlement according to the head of strategy for FIA Tech. “In the absence of the tag, the clearing broker has no idea how the trade was executed... read more
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Navigating turbulent waters: Are we prepared for the Basel journey?

3rd December 2019

Company: AxiomSL
The expansion of Basel requirements involves more than a simple finalisation of Basel III reforms. The updated requirements and new calculation rules are so comprehensive that they have been informally dubbed Basel IV and there is no industry consensus on what a future Basel regulatory scenario may look like. This is partly because evolving... read more
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Report: Race on for CCPA compliance

2nd December 2019

Company: bobsguide
With the California Consumer Privacy Act (CCPA) going into effect on January 1, firms with activities in the world’s fifth largest economy are fighting against the clock to get their houses in order to comply with the requirements, according to lawyers and market participants. “There’s so much to do and we’re running... read more
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Q&A: BNY Mellon CDO on data culture

2nd December 2019

Company: bobsguide
Gary Barr is the chief data officer at BNY Mellon. We caught up with him to discuss changes in data culture, the organisation’s data management strategy, and different approaches to fintech partnerships. There has been a lot of talk around central storage and data cleansing. What is BNY Mellon’s approach to managing the... read more
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Regulator input could inhibit consumer access to financial data

27th November 2019

Company: bobsguide
Involvement by regulators to create a new API standard for consumers and businesses to access their own financial data could slow down industry initiatives in the space, according to Don Cardinal, managing director of the Financial Data Exchange (FDX). “The issue is, could the regulators stop [the FDX API standard] inadvertently? All they... read more
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BoE and FCA to revise data collection

20th November 2019

Company: bobsguide
UK regulators are set to review how they approach data collection, according to the chief data officer at the Bank of England (BoE) and the Financial Conduct Authority (FCA)’s head of central data services, innovation, strategy and competition division. “Some of the collections were done many years ago, and were there for... read more
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Why financial institutions are moving away from transaction monitoring

19th November 2019

The past few years have borne witness to scandal after scandal, as Europe has struggled with a torrent of financial crime – specifically money laundering. Although it’s impossible to accurately estimate the true scale of the issue, research undertaken  by Europol suggests that laundered money could account for anywhere between 0.7... read more