Tag Archive for financial data

Why Analytics Teams Should Run Their Own Tech

Tug-o-war

by Angela Guess Toby Wolpe of ZDnet reports, “Analytics teams need dedicated infrastructure or risk being held back by their own IT departments, according to the head of data insights at a major UK bank. The Royal Bank of Scotland, which generates copious data from more than 400 branch-based transactions for businesses per second, has just…

Executing an Effective Data Agenda in the Financial Sector

Money

by Angela Guess Hyong Kim of Ernst & Young recently laid out the key principals financial institutions must follow in order to execute an effective data management strategy. He writes, “Regardless of size and shape, and whether they are from Main Street or Wall Street, all financial services institutions struggle with a common issue–turning data into…

Do You Need a Chief Data Officer?

The Donatello Boardroom

by Angela Guess Richard Lee of Information Age recently wrote, “Since the crash of 2008, the role of ‘chief data officer’, or CDO, has emerged in the financial services and insurance industries to help them address their growing regulatory requirements. In each of these sectors, the need for more rigorous governance and provenance schemes forced…

Improving Big Data at Banks with an Innovation Lab

ft

by Angela Guess Steve Ranger of ZDnet reports, ” A 12-week programme which aims to help young financial technology companies accelerate their product development, while giving them access to top banking executives, is looking for applicants. The FinTech Innovation Lab is run by Accenture with support from banks including Bank of America, Barclays, Citi, Credit…

Managing Human Risks with Big Data

Planet Orange

by Angela Guess Steve Hunt of GigaOM reports, “An overwhelming increase in the amount of available data coupled with logarithmically expanding bandwidth and the increasingly global nature of financial transactions has created security challenges for banks and financial institutions that were unimaginable just five years ago. During those same five years, the technology landscape within…

Data Management on Wall Street

Wall Street

by Angela Guess Melanie Rodier of Wall Street & Technology reports, “The onslaught of new regulations and pressing calls for greater transparency from investors following the financial crisis has changed the way firms are addressing data management. As the U.S. struggles to emerge from its worst economic crisis in 80 years, capital markets organizations have…