Community
This is for discussion and sharing of views on trends, practices and views in analytics in banking and financial industry
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Johnny Steele Head of Banking, UK & Ireland at SAS
It’s well-known that the pandemic accelerated digital adoption in many sectors, including financial services – but our research reveals just how quickly banks rose to the challenge. As many as 93 per cent of traditional banks, and 87 per cent of challengers, rolled out new technologies so quickly they are now five years ahead in terms of digitalis...
24 August 2022 /cloud /devops
Paul Fermor UK Solutions Director at Software AG
Like many industries pursuing innovation, banking and financial services often gravitate to hot topics such as decentralised and sustainable finance, super apps, or some aspect of the metaverse. While new technologies and initiatives do have the potential to transform the landscape of the industry, sometimes customers’ day-to-day requirements end ...
11 August 2022 /retail
Victor Kupcis Enterprise Sales Executive Data Analytics - CEE at Google Cloud
It's amazing how you can have a lot of information but gain no insight... #dataanalytics should be about bringing people and data together so they can innovate. What do I mean? The DRIP* syndrome is often encountered when a business tracks a lot of KPIs and so in theory they have a lot of data on the operations of the business, but in practice,
22 July 2022 /cloud /devops
Peter Plochan Principal Risk Advisor at SAS
Covid, the war in Ukraine and inflation have created an unprecedented, uncertain and volatile environment that firms now need to navigate. However, one of the biggest challenges has yet to fully materialise, but already requires their focused attention today – Climate Change. A growing threat With the arrival of the latest IPCC reports, it is clea...
24 May 2022 /cloud
Joan McGowan Banking Industry Expert at SAS
What's BaaS? A flock of sheep or another annoying but potent banking acronym? BaaS is a way to modernize and grow the banking industry. It is about an open financial services ecosystem and the API orchestration for customer attention by banks and nonbanks. But the industry has yet to land on an authoritative definition of what it is, so I cobbled ...
18 October 2021 /retail /cloud
Steve Morgan Banking Industry Market Lead at Pegasystems
Of all institutions, banks are at the forefront of sensing and encouraging the financial resiliency of their customers. They have clear insights into the state of an individual’s financial balance, spending and debt situation. This is especially valuable as customers’ finances are put under unusual strain through no fault of their own. Financial r...
07 October 2021 /inclusion /covid-19
Abhinav Paliwal CEO at PayNet Systems
It could be 5 - 25% more expensive to acquire new customers than to retain existing ones. New customers have to go through your entire customer acquisition funnel before becoming a customer, which is expensive and time-consuming. On the other hand, customer retention is not only cost-effective but also profitable. According to Frederick Reichh
02 July 2021 /payments /retail
Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider
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
Retired Member
The amount of support handed out to businesses means banks will soon need to collect money from them on a scale which has never been done manually before. Throughout the pandemic, many businesses have borrowed purely to survive rather than drive growth, which begs the question as to how many of these businesses will exist long enough to repay the ...
09 February 2021 /covid-19
For years, we’ve heard that branch banking is on the way out. Banks have been focused on the idea that younger generations want to do everything online, and digital transformation initiatives have centred around creating seamless user experiences on web and mobile and a truly networked society. At the same time, visiting the local branch has been ...
08 October 2020 /retail /covid-19
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