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Using a big data approach to overcoming banking regulatory requirements

Insights on Business

Regulators are no longer willing to accept ALM and LR metrics once a month. Regulatory pressure is creating a financial data analytics crisis. Banks know they must be ready to provide regulators with a quick response to regulatory stress tests. Integrating big data technology with risk management for a complete solution.

Big Data 151
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Chinese Finance Group Calls For AI Regulation In Ecosystem

PYMNTS

The same framework should be in place to improve technology used by regulators in efforts to strengthen supervision throughout the industry, the think tank also says. We should not deify artificial intelligence as it could go wrong just like any other technology,” Gang said.

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A new era of technology enabled financial risk management (Part 1)

Insights on Business

In this series of blogs, we will focus on four transformative technologies with emerging risk applications that can help banks and financial institutions grow profitability and protect the enterprise. Each technology is at the start of an enormous adoption growth curve, and has been the subject of intense discussion.

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US Banks Expected To Lose 200K Jobs To Technology

PYMNTS

Mayo said, according to the outlet, “It’s been a rocky 25-year marriage for banking and technology, but it’s finally getting on course.”. Wells Fargo’s team of analysts in financial services and technology examined technology’s impact throughout the banking industry in the U.S.

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Treasurers Trust Big Data For Real-Time Risk Assessment

PYMNTS

But Big Data lands new capabilities in the hands of corporate treasurers and other executives that yields active, real-time assessments of risks from multiple angles, from counterparties to compliance. A weak data management strategy could heighten the risk of non-compliance.

Big Data 119
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Most payment companies aren't ready for 'big data'

Payments Source

Every organization has some kind of plan for the future, but advances in technology, cyber threats, changes in regulation and political uncertainty make it extremely difficult to plan for what lies ahead, writes Ian Stone, CEO of Veualta.

Big Data 117
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Redefining banking through AI and big data

NCR

Banking isn’t exempt from the disruption caused by new technologies. Artificial intelligence (AI) and data science will most likely be the fuel of the new approach to finance. The answer comes down to understanding that AI is an umbrella name for multiple technologies built on big data and neural networks.

Big Data 111