Interviewed By TAB RadioFinance
Data is one of the most valuable assets of banks today, a privileged access which provides them with unique opportunities. However, in the digital economy and interconnected networks the pool of data is growing exponentially leading to new challenges in ensuring its privacy, governance and compliance especially as the rapidly evolving local and global regulatory requirements emerge. Not only do banks need to capture and store this enormous pool of data, a significant portion of which may be unstructured, but also ensure its quality and ability to analyse it for timely and effective business insights. Increasingly they now explore the use of emerging technologies such as artificial intelligence (AI) and machine learning to derive intelligence which can maximise the true business value from this data.
Furthermore, data security challenges have gained increasing precedence giving sleepless nights to CIOs as numerous incidents of cyber security breaches emerge in the industry inflicting severe monetary and reputational damages. Conventional data security measures are destined to fail as the threats become more innovative, fraudsters remain a step ahead while the data perimeter widens significantly with clouds and interconnected networks. The Asian Banker in partnership with Hitachi Vantara is bringing a thought leadership TAB Live session on "Why banks need to rethink data governance for effective insights?" for senior executives in the financial services industry. The discussion will focus on-
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Moderator:
Neeti Aggarwal manages the financial technology research at The Asian Banker. With over 15 years experience in research and publication industry, she specialises in banking research, technology developments across Asia Pacific, Middle East and Africa. She regularly engages the financial services community on critical transformational issues, speaking and moderating at many of The Asian Banker's as well as partner's events. Prior to this she worked as an analyst at The Economic Times, India's largest selling financial daily.
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