Analytics in Banking

This is for discussion and sharing of views on trends, practices and views in analytics in banking and financial industry

Retired Member 

Decisioning at scale: Why banks need to radically change their operating models now

Twelve years ago, the banking industry suffered deep reputational damage in the wake of the 2008 global financial crisis. Bankers took the blame – in some cases deservedly – for large-scale economic problems that took a severe toll on many of society’s most vulnerable people. The crisis severely shook banks and financial institutions. Some, like N...

15 September 2020 /covid-19

Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider

In Financial Services, can we measure Accuracy of Customer Data with Artificial Intelligence?

Accuracy measures the degree to which data represents the real-world entity in this case a person, organization, or Source from where we know it has originated. Measuring data quality is possible if the characteristics of its physical and contextual existence are well understood. These characteristics of data can be translated into data quality rul...

02 August 2020 /regulation /identity

Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider

BigData Lake for Financial Services - Need to stress on Platform Governance

As Banks and Insurance firms have already embraced Data Lakes for their Artificial Intelligence and Machine learning capabilities, it is important to look for continuous Return on Investment on the platform. If a Data Lake is not well maintained, it can turn into a swamp while finding usable data can confuse the data consumers. Most challenges can ...

26 July 2020 /sustainable /devops

Micah Willbrand Product Director ID&F at Experian UK&I

How lenders are successfully fighting fraud during the Covid-19 pandemic

Covid-19 has caused upheaval to all our lives. With the economic impact still uncertain but likely very significant, it’s clear we’ll be living with the consequences of the outbreak for a substantial period of time. But even during these unprecedented times, criminals and fraudsters remain active. Banks and other financial providers’ fraud teams – ...

25 June 2020 /crime /covid-19

Konrad Litwin Global General Manager - Testing at Perforce Software

Now’s the time to look at best practice around risk modelling

Using advanced mathematical modelling for calculating, predicting and evaluating risk is nothing new. Financial institutions of all kinds have long been using numerical libraries, whether home-grown or from a third party, containing mathematical, statistical and — increasingly — machine learning algorithms. However, the increasing complexity, mark...

08 June 2020

Retired Member 

Beyond Chatbots : Conversational AI in Banking

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

Smart Decisioning and Empathy in the Face of COVID-19

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

Want to understand your customers better? Look at their events.

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

Leveraging Data in Commercial Lending

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

Banking industry must think 'out of the box' to solve the data science skills gap

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