Items tagged with "Big Data"

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EBA Urges Banks to Turn to Data

The European Banking Association (EBA… not to be confused with the other one) have published a report looking at the opportunities digital technologies are creating for banks. The increased digitisation of finance has been seen as a threat to their dominant role. The rise of open banking, driven by shifting consumer demand, combined with new […]

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Connect the Data Dots for Financial Stability

“An indiscriminate adoption of Big Data runs the risk of collecting – without connecting – too many dots,” argue Luiz Awazu Pereira da Silva, Deputy General Manager of the Bank for International Settlements (BIS), and Goetz von Peter, Principal Economist at the BIS. Their remarks, based on a speech delivered at the Ninth European Central […]

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Implications of Data Privacy Regulations on Fintech in Asia

Vast quantities of quality, appropriately shared data is key to developing more efficient financial services that meets the needs of customers in the digital age. How can regulators ensure proper privacy while still ensuring that Fintech firms can access the information they need? A report from ASIFMA this week taps into the growing recognition that collaborative, homogenous regulation and data harmonisation across borders are essential for modern technologies to be properly utilised.

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Old illustration of gold prospectors searching in riverbed in California. Created by Chassevent after previous engraving by unknown author, published on Le Tour du Monde, Paris, 1862

Data Revolution in Financial Markets: Consequences and Solutions

Markets have always relied on trust and information to function; however, the accelerating changes in the data economy over the past decade require new approaches. In an important speech, SEC Commissioner Kara Stein outlined several issues that financial regulators, companies and markets need to react to. These are issues that “affect you, your money and your identity” as she puts it.

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Central Banks Look to Big Data

A recent Central Banking magazine survey conducted in conjunction with Bearingpoint, shows the increasing importance of big data to central banks – however, also highlights that there are data quality and management issues that need improving to maximise the potential of this information. Working with big data is fast becoming a mainstream activity for central […]

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BoE Accelerates XBRL Data Analytics

Using a big data approach to drive analytics of large quantities of XBRL data, with necessary data structuring, aggregation, ordering and filtering controlled directly from the XBRL taxonomy (the business-led data definitions) has been something of a holy grail for regulators and other large scale users of the standard for many years.

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Smarter Reporting? 

Swiss Re and SAP are rethinking reporting by generating different reports based on different standards, simultaneously.

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***NOTE TO INSPECTOR: All visible graphics are our own design, and were produced for this particular shoot.***

Firms Just Aren’t Using their Data Enough

Earlier this year we brought to your attention the fact that firms just aren’t using the massive amounts of data they collect (see story, right). Now there’s new research bolstering that notion. In a new 136-page report, The Age of Analytics: Competing in a Data-Driven World, the McKinsey Global Institute examines the application of analytics, and how businesses […]

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Data Amplified Speakers Tackle Blockchain

Speakers at Data Amplified will bring insight into the way that data standards and emerging technologies like Blockchain, Big Data and Artificial Intelligence are repositioning both public and private organisations in an increasingly transparent environment.

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Similar Challenges Face Users of Big Data and Structured Data

Siloing among teams leaves data stranded and managed as a technical, rather than analytical exercise – holding back its use.

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