Automating the management of money poses difficult challenges which must be overcome by creating trust and transparency
Data Economy: Financial Services
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
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In this report
Online banks, awash with data from their customers’ smartphones, are leading the way in personalising financial services
Traditional banking is being shaken up by online disruptors, but there are also lessons to be learnt from successes in other sectors
There’s a story everyone probably knows by now, but it illustrates the challenge of using data to personalise services
Data is fast becoming the new currency of the business world
The chief data officer or CDO can transform the business of banking. Yet, within each firm, the first steps they take will determine their long-term success
Recent terrorist attacks in Manchester and London have raised the issue of surveillance, and the need for law enforcement agencies to monitor suspects to protect us from harm – but how much will this influence the new data laws proposed in the Queen’s Speech?