Big Data

this Group Focusing Big Data Area and Data Engineering /Data Warehouse /Data Analytics

Denys Boiko Founder at Erglis

How Big Data Helps Investors Make Better Decisions

Source: Freepik Big data has been transforming companies and entire industries worldwide for well over a decade but money continues to pour into the field as enterprises become ever more data driven. Indeed, figures show a 54 per cent increase in data analytics spending worldwide in 2024. A combination of cutting edge analytics and the latest AI

01 August 2024 /ai /predictions

Joris Lochy Product Manager at Intix | Co-founder at Capilever

From Transactions to Insights: The Journey of Bank Payment Data

It is often stated that 'Data is the new oil', suggesting that data, like oil, holds immense value but remains unusable if unrefined. While this comparison simplifies, it effectively highlights two significant trends: A fierce competition to capture as much customer data as possible, waged not only by Big Tech and social media giants but also by ...

23 April 2024 /payments /retail

Steve Wilcockson Product Marketing at Quantexa

Bitemporality, Helping Lower Costs for Financial Services Use Cases

I was at an “all things data and analytics benchmarking” event last week. It was fabulous, most major banks were represented, also the hottest of hot hedge funds, a chunk of exchanges, and some of not-the-usual vendors. I found it refreshing, like most events where tangible analytics gets discussed. My early career was quant /data science/analytics...

15 November 2023 /regulation /cloud

Dmitriy Wolkenstein CEO at TIMVERO

Navigating the Non-Uniform Data Landscape: The Promise of Feature Stores

Hi all, Today we are continuing with our series of articles about data usage, AI/ ML modeling, and analytics in banking. Start. In today’s data-driven world, businesses have a wealth of information available to them, gathered from a myriad of sources. However, a common challenge that most organizations face is the non-uniform format of this data, w...

09 October 2023 /retail /wholesale

Dmitriy Wolkenstein CEO at TIMVERO

Addressing Data Censoring in Credit Analytics and Model Building

Hi all, Nice to see you again. In this topic, we would like to start with an example to describe the problem of loan portfolio analysis better. Problem example: Data censoring, or the process in which some data is not available or biased, presents a significant problem for businesses across various sectors. This issue becomes highly prevalent when...

08 October 2023 /retail /wholesale

Dmitriy Wolkenstein CEO at TIMVERO

Deconstructing the Data Dilemma in Banks: Banks have a false sense of having data

Hi all, It's Dmitriy from TIMVERO. Today we are starting our series of articles about data usage, AI/ ML modeling, and analytics in banking. First one is going to be about issues with data availability. So, let’s start. In today’s banking sector, institutions may find themselves perched upon a false sense of data availability. Often, they may beli...

06 October 2023 /retail /wholesale

Rob Haslingden Head of Propositions at Experian

How new regulations will help gaming companies better identify and support financial vulnerability

For the gaming industry, navigating the regulatory landscape is an ongoing challenge, but it also presents a new opportunity for companies to demonstrate their commitment to player protection and responsible gambling. The Government's 2023 whitepaper on gaming has proposed significant reforms, focusing on identity verification, affordability, and ...

09 August 2023 /payments /regulation

Retired Member 

Maintaining an ‘always on’ and ever-prepared financial institution

Managing enterprise-wide operational resiliency has historically been a complex problem for Financial Service Institutions (FSIs). One year ago, the European Commission announced plans to establish a Joint Cyber Unit to tackle serious cyber incidents impacting national infrastructure and businesses across the EU. There are many kinds of cyber inc...

27 July 2023 /security /regulation

Retired Member 

Understand the value of data before you try to use it

Information is one of the most important weapons in the armoury of any bank. This is well understood by most institutions, as evidenced by the huge investment they have made in trying to leverage the oceans of data they have at their disposal for commercial benefit. In this endeavour they have not always achieved the success they hoped for. Where ...

12 December 2022 /devops

David Csiki President & COO at INDATA

Why Advanced Performance Reporting in Wealth Management is a Competitive Advantage

As Gartner® has noted in recent research, “Changing client requirements, cost, complexity and regulation make reporting capabilities a key factor in selection by investment firms. Clients demand that their money managers make investments in forward-looking, personalized performance and risk reporting.” Those firms that make investments in dynamic ...

19 September 2022 /wealth /predictions