Data Management 101

A community blog about data and how to manage it

Retired Member 

How data will help you fight fraud without hurting your conversions

I’m willing to bet you know someone who’s fallen victim to credit card fraud – if you haven’t done so yourself. In the first six months of this year alone, there were a record-breaking 89,000 cases of fraud in the UK, with payment card fraud totalling $21.84 billion globally. Hackers are becoming more sophisticated. They can now get stolen card da...

15 November 2017 /security /payments

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Powering purchasing with process mining

Where did this invoice come from? And why was an order placed with this supplier? With efficiency largely defining success, these are questions that any head of purchasing should not have to concern themselves with. Purchasing is a function that has historically been slow to join the digital revolution, prioritising cost-cutting rather than integr...

01 November 2017

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AnaCredit - An Overview of European Regulatory Reporting

Introduction AnaCredit (The Analytical Credit and Credit Risk Dataset), is a project from the European Central Bank (ECB) to create a shared database containing information on bank loans to companies. Credit institutions across the Eurozone will be required to report specific, standardized data on loans and other credits. AnaCredit is the Eu

27 September 2017 /regulation

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Beautiful visualisations are worthless without good data

There are a number of challenges business leaders face when it comes to good financial planning – with concerns around business agility, inefficient reporting and long budget cycles all standing in the way of quality decision making. In a recent CFO survey, shockingly, more than 50% of CFOs said it took them longer than three months to complete a b...

22 September 2017 /regulation

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Drowning in Data? Or Thirsty for More? Omni-Channel’s Biggest Challenge

There is no doubt that retailers recognize the value of knowing their customers better. Whatever the merchant sector, geography, or business model, understanding customer buying habits, payment and channel preferences, and satisfaction levels can drive sales, boost customer loyalty and raise revenues. But, in the ever-changing world of the omni-ch...

02 August 2017 /payments

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Data Lakes May be Failing Banks, but it Doesn’t Need to be This Way

The reality for many banks is that data lakes are becoming data swamps, with business users unable to access the large volumes of machine-generated, clickstream, and externally generated data that lives amongst their depths. Regardless of their good intentions, data lakes have become bottlenecks at most banks simply because it’s too difficult for b...

23 May 2017 /retail

Anand Sampathkumar VP, Head Products & Settlements Reference Data at Standard Chartered Bank

Swear by the four letter word

The last decade brought out the importance of service as a differentiator. It is important to ride the technology growth to provide differentiators in products & services. The reference of “Information age” is just taking shape. Exciting bigger action is waiting to happen. To ride this wave and maximise returns we need to focus on the four let...

07 October 2015 /wholesale

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NoSQL Document Database - Manhattan MarkLogic

Bit late in posting this up, but given I did something about RainStor I thought I should write up my attendance at a MarkLogic event day in downtown Manhattan from several weeks back - their NoSQL database is used to serve up content on the bbc web site if you wanted some context. They are unusual for the NoSQL “movement” in that they are a propr...

17 July 2014 /regulation

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Regulation and data retention - PRMIA

The New York Chapter of PRMIA hosted "Regulatory, Compliance, and Risk Data Technology Challenges" at Credit Suisse's offices in New York, last Thursday 10th April. Abraham Thomas introduce the panelists, and Don Wesnofske started off by setting the scene for the evening's event. Don outlined how in reaction to the 2008 Crisis the regula...

17 April 2014 /regulation

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The Case for Semantic Technology in Financial Services

In my last post I discussed some of the common use cases of non-relational database technology within our industry. This time I’d like to turn to the use of a specific kind of non-relational technology, namely Semantic Technology. Semantic Technology is specific set of data management tools that aim to provide meaning and context to the data. This ...

14 April 2014