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This is for discussion and sharing of views on trends, practices and views in analytics in banking and financial industry
It could be 5 - 25% more expensive to acquire new customers than to retain existing ones. New customers have to go through your entire customer acquisition funnel before becoming a customer, which i
Banks and Financial institutions are modernizing their data platforms and associated tool-sets to serve the fast needs of data practitioners, including data scientists, data analysts, business intelli...
The amount of support handed out to businesses means banks will soon need to collect money from them on a scale which has never been done manually before. Throughout the pandemic, many businesses have...
For years, we’ve heard that branch banking is on the way out. Banks have been focused on the idea that younger generations want to do everything online, and digital transformation initiatives have cen...
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 p...
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 t...
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 pl...
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 ...
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 o...
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 pa...
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 wo...
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 reali...