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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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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
Andrew Beatty Head of Wealth, Retirement & International at FIS
The next phase of digital banking is upon us. Banks and fintechs clamor to deliver unique and differentiating user experiences built upon the latest “API-first” omnichannel banking platform, but realize that it’s still difficult to stand out and be distinctive in a crowded field. Even the most sleekly designed front-end quickly starts to look like...
20 February 2020
Vivek Iyer Consulting Partner at Tata Consultancy Services
Digital Transformation in Commercial Lending is proceeding apace with banks rolling out initiatives in multiple areas like Re-imagining customer experience, Empowering Relationship Managers, and adopting Intelligent Automation techniques. Leveraging data analytics across the lending life cycle can be a key enabler in each of these areas. Leading B...
20 January 2020 /wholesale
Doug Gross CEO at NGDATA
Arthur C. Clarke, writer of the famous science fiction epic 2001: Space Odyssey, famously remarked that any sufficiently advanced technology is indistinguishable from magic. The problem with magical things, however, is that we often ascribe them miraculous powers that are beyond their actual capabilities while ignoring the fact that far greater po...
20 December 2019
Pankaj Upadhyaya Vice President - Data Science, BI & Analytics at Maveric Systems
Through the ages, data analytics has been a key aspect of every financial institution. From invest banking to credit scoring to securities trading – data analytics has played a major role in arriving at a data-driven decision. With the advent of technology, big data analytics has gained significant ground in the banking and finance sector. In the ...
01 October 2019 /inclusion
Ian Johnson Head of Europe at Marqeta
In the last decade, the lending industry has grown and diversified massively. New business models have evolved, and alternative lenders have entered the market creating competition in a space previously dominated by traditional banks. This change has been in part due to quickly evolving technology and sweeping digitalisation, but the aftermath of t...
25 September 2019 /payments
Vishwanath Thanalapatti Analytics at Temenos
Analytics of late, is on the main stage for several organisations across industries. I have seen several implementations. As a consultant evaluated the cost benefit (investment to business value) and viewed it donning the hat of an information system auditor. This article is written from that experience. The business value is in the design of ass...
09 September 2019
Digitisation is the brick and mortar of modern day business with analytics as a strategic component; Underlying analytics are scores of algorithms, call it machine learning or AI that help to determine and in a way modulate customers’ behaviour. In addition, assist in decision-making. The potency of analytics is in the design of dashboards specifi...
08 July 2019
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