Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider
A more common question today is "whether privacy enhancing technologies should be used in conjunction with privacy management tools?". Privacy enhancing technologies are tools that can be used to protect data, such as encryption or masking. Privacy management tools are tools that can be used to manage who has access to data, such as acce...
27 June 2024 /security /people Bigger than Technology
The world of banking and financial services is abuzz with the potential of generative AI. It's a game-changer that can revolutionize customer service, boost revenue, and streamline operations. But with great power comes great responsibility - and a whole lot of regulatory challenges. We need a legal framework that balances market safety, consumer ...
22 February 2024 /retail /predictions Bigger than Technology
You must hear this often if you manage any kind of risk – risk and value go together. And that’s true, of course for data! Both data and its infrastructure must be managed for their benefits and risks. In sectors like Banking, regulations drive enterprises to assess data related risks. Prioritizing and managing data associated with financial or op...
09 December 2022 /regulation Data Management and Governance
Data is increasingly valued as an asset for companies, so ensuring that data is of high quality is imperative. Progressively, in the world of IoT, we are seeing machines make decisions. These decisions either provide insights into what's most beneficial for customers or reduce their service-relationship anxiety. In order for machine learning model...
03 April 2022 /retail /sustainable Data Management and Governance
Democratizing data for customers through responsible sharing will actually democratize credit for people in the financial ecosystem. As a part of India stack, the Account Aggregator (AA) network is based on a mix of frameworks Open Credit Enablement Network (OCEN) and The Data Empowerment and Protection Architecture (DEPA). Today, in financial in...
04 September 2021 /people /inclusion Banking Strategy, Digital and Transformation
Most banks are experiencing an upward curve in In-directly monetizating data to increase revenue. This involves analyzing the existing data trove and revealing insights that can improve the organization's business performance. The outcomes can be customer trust, satisfaction, reducing anxiety of customers while the benefit can be increase in reven...
18 July 2021 /people /retail Data Management and Governance
Clean Data is a crucial need to get an outcome from Machine Learning models. Often much time to the tune of 40% is spent on understanding and cleaning data before modeling and providing an outcome. Scale and diversity in data is also another important aspect while planning for a model. How accurate is the data to give a usable outcome – is a major ...
04 July 2021 /sustainable /predictions Data Management and Governance
The pace of digitization has increased the need for embracing the cloud for nimble management of scalable operations. 68% of IT practitioners say they are using the cloud to store most of their data. A financial service provider has to choose the right data protection technology to un-lock the perceived data-capital for business growth and operatio...
17 May 2021 /regulation /cloud Cloud Banking out of the Box
It's natural to take a risk-based approach to data privacy. However, I believe approaching privacy through a benefits-based approach has its own merits. Moreover, by managing customer privacy, there is significant business value derived from the resulting customer confidence and trust in the relationship: At the outset, data privacy management ena...
04 April 2021 /people /sustainable Banking Strategy, Digital and Transformation
Banks and Financial institutions are modernizing their data platforms and associated tool-sets to serve the fast needs of data practitioners, including data scientists, data analysts, business intelligence and reporting analysts, and self-service-embracing business and technology personnel. However, as the tool-stack in most organizations is being...
28 February 2021 /sustainable /cloud Analytics in Banking
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.