People and businesses around the world create a staggering 1,145 trillion megabytes of data per day. Data is transforming all our lives, from accelerating the diagnosis of diseases to optimising retail pricing. Data fuels AI technologies and AI can only be as good as the information which it harnesses. According to PwC, AI has the potential to co...
27 October 2022 /regulation /cloud Banking Strategy, Digital and Transformation
The financial services (FS) sector is the engine behind the economy of the United Kingdom and virtually every other developed economy, contributing around 8.6% to the total economic output in the UK. Resilience is therefore critical for the FS sector, to keep the lights of the UK economy firmly ‘on’ for both businesses and the people that rely on ...
24 August 2022 /retail /wholesale Banking Regulations
In an era rife with conspiracy theories fuelled by the pandemic, trust in government and large organisations has become more fragile. It’s an issue which is ever so delicate for the financial services (FS) sector. And because interactions are increasingly digitally-led, the custodians of personal data are having a precarious time. Digital transfor...
30 May 2022 /retail /wholesale
Whether it’s efficient customer support, open banking or business analysis, data is fundamental to today’s Financial Services sector. But with the rising importance of data comes calls for more sustainable practices globally. While it’s easy to think of planes or agriculture when discussing our carbon footprint – because these elements exist in the...
25 May 2022 /retail /cloud
Open banking has been a game-changer for financial services. It has enabled financial institutions and third-party providers (TPPs) to exchange data and services – not only enhancing existing capabilities but delivering improved experiences to market with access to transaction data. Take a mortgage application, for example. With open banking, cu...
01 March 2022 /inclusion /predictions Innovation in Financial Services
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