Data Economy: Financial ServicesJul, 2017
Every day 2.5 quintillion bytes of data are created and much of that data is readily available to companies. But how can businesses become efficient at monetising the data they hold, without compromising their customers' privacy? In the Data Economy Financial Services report, published in The Sunday Times, we explore the impact of imminent European Union data protection regulations, what banks can learn from disruptors and how to personalise for profit
How is the financial services sector preparing for the General Data Protection Regulation (GDPR), due to come into effect in May 2018? This infographic takes a look at the challenges the industry is facing and what changes they are making ahead of this monumental change in data protection legislation. Failure to prepare could result in hefty fines, so are banks and insurers ready?