22 Nov 2018 | 3:00-3:45pm SGT
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.