With Big Data a trending topic, it’s a good time to review 5 of the biggest myths surrounding it: Big Data provides company growth – with all the hype surrounding …
Read More »Video: Big Data challenges and opportunities
Sui-Jon Ho discusses how data is being used in financial institutions and why Big Data is presenting them with unique challenges and, more importantly, opportunities. What China can teach …
Read More »3 Big Data trends in finance
Global investments in Big Data and business analytics is projected to grow from USD 130.1 billion in 2016 to over USD 203 billion in 2020. Here are 3 of the …
Read More »How to survive a data breach crisis: the Monzo case study
Monzo, a disruptive neo-bank working to expand into the U.S., recently experienced a hiccup in its data security that resulting in nearly 500,000 U.K. account holders being urged to change …
Read More »Banco Santander launches data science apprenticeship program
Banco Santander in the UK is offering a first-of-its-kind data science apprenticeship to non-graduates. The program, being operated in conjunction with WhiteHat, will allow the bank to build a pipeline …
Read More »Shocking amount of unstructured and unused data in the U.K.
According to research conducted by Crown Records Management, as many as 59% of data across U.K. organizations is unstructured. Moreover, 40% of it is dark (unused). This is not surprising …
Read More »6 ways financial institutions in Singapore are using Big Data
Singaporean financial institutions have been at the forefront of taking advantage of Big Data with innovative initiatives that have resulted in positive results for both operational efficiency and customer satisfaction. …
Read More »Equifax and Urjanet join forces to unlock alternative credit data potential
Equifax Inc. and Urjanet are partnering to give more power to consumers and businesses to use their payment data from utility, telecom and cable providers to give a more complete …
Read More »HSBC opens data innovation labs in London and Toronto
HSBC has opened two data and innovation labs, one in London and the other in Toronto. The labs will engage in activities aimed at improving HSBC’s products and services through …
Read More »Big Data in Kazakhstan: press review
Big Data technologies are gradually entering the Kazakh market. Large companies use solutions based on them, schools of big data analysts open, state projects on digitalization are launched. A lot …
Read More »Big Data in Uzbekistan: government initiatives
Government is the main initiator of Big Data activities in Uzbekistan. Here are the main ones this year. The first BI analysts school in UZ The first school of …
Read More »How the largest Ukrainian bank process Big Data
PrivatBank is the largest bank in Ukraine. It serves more than 19 million customers. Here’s everything you need to know how the bank processes customer data. Data sources The …
Read More »Digitizing Russia’s data for better public services
Despite the advances brought by digitalization and the wide availability of public services in electronic formats, Russians are still forced to make in-person visits and deal with physical documents stored …
Read More »Russian banks to send biometric data to centralized database
Russia’s Central Bank and Rostelecom plan on using biometric data collected by financial institutions to fill out the Unified Biometric System (EBS). EBS, designed to facilitate the delivery of banking …
Read More »Kyrgyzstan launching open data era
Kyrgyzstan has begun the process of opening their data, with the State Communications Committee working to create a portal that will give citizens access to up-to-date information from government agencies, …
Read More »Kazakhstan to create Personal Data Agency
The government of Kazakhstan is planning to create the Personal Data Agency under the Security Committee of the Ministry of Digital Development. This new agency will be responsible for coordinating …
Read More »Russia debates the personal nature of Big Data
Amendments to Russia’s Law on Information, Information Technologies and Information Protection are currently being discussed and could have major implications for how Big Data is used in the country. The …
Read More »Biometric identification still far off for Kazakhstan’s financial sector
In Kazakhstan, biometrics as an identification tool is still a far-away dream. Currently, the existing state database of citizens is being used for biometrics in the country. Although 11 financial …
Read More »Russia’s Central Bank outlines information security strategy
Russia’s Central Bank has published its Main Directions for the Development of Information Security in the Credit and Financial Sphere for 2019–2021. The document outlines a plan to combat cyber …
Read More »Balancing data privacy rights
Data is quickly becoming a point of contention between companies working to collect, process and secure it and governments seeking to force companies to provide them the data they possess. …
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