Data Solutions Insights

As the US Consumer Financial Protection Bureau (CFPB) turns its attention to applications of machine learning and alternative data within credit markets, small businesses are likely to feel the advantages of the technological developments, says Brock Blake, CEO of Lendio. “With the CFPB's regulatory support, more fintech innovators... read more

“We are seeing some companies looking to establish a payment system that bypasses our banks and our currency,” US Federal Reserve governor Lael Brainard said in early August, announcing the central bank’s plans to launch a new payments network. “Facebook's Libra project raises numerous concerns that will take time to... read more

US regulators should avoid using punishing fines as a first response to data breaches at banks and focus on building prevention solutions, say security experts. Doug Wick, vice president at data security firm ALTR, believes that regulators have been successfully affecting change at banks for decades. “But they aren't good at... read more

For wholesale banking institutions, trade reporting might appear to be little more than a painful and costly burden. But what if a consolidated, cloud-based approach to trade reporting could also serve as the basis for unprecedented business analysis and insight? In retail banking and credit card provision, as indeed in many other... read more

Difficulties for trade repositories to match and pair the large number of data fields required under the European Market Infrastructure Regulation (Emir)’s transaction level reporting for exchange traded funds (ETD) won’t immediately be resolved by a move to only report end-of-day positions, according to the CEO of a trade reporting... read more

Asset managers working across a variety of regimes are faced with an uphill struggle with the volume of data required to comply with shareholder disclosure rules, a panel told bobsguide recently. “Regulators are expecting a lot more detail generally. The Transparency Directive in the EU drove a push for greater transparency... read more

The role of client and counterparty risk management has assumed greater strategic importance over the last few years in light of heightened regulatory scrutiny and the introduction of new rules around AML/KYC, ultimate beneficial ownership, global data privacy and investor protection rules. With the growth of AI/RPA-enabled compliance processes,... read more

Over the past few decades, the way banks, financial institutions and corporates have approached risk management has changed seismically. While risk management departments have sprung up at larger organizations the risk function has embedded itself as a core function, shaping policies, corporate decision-making processes and the way each firm... read more

Regulation and a risk-averse culture is preventing banks and financial institutions from making progress on artificial intelligence (AI) and experiments with automation, according to a panel at the Advanced Analytics & Artificial Intelligence Forum in London this week. “Technical challenges are only half the battle. Sometimes it... read more