BFC Bulletins Monthly News Digest

Money laundering is a serious global problem, and financial institutions are under increasing pressure from regulators to help put a halt increasingly-sophisticated criminal laundering attempts. One of the primary tools …

Advances in data science have now reached the point where they allow for a more comprehensive and accurate picture of growth opportunities and potential performance improvements to be developed. Specifically, …

Consumers expect financial institutions to provide an expert level of security when it comes to sensitive data. Over the years, however, some of the biggest data breaches have involved, in …

Kazakhstani police are investigating the leak of the personal data of Kazakhstani citizens. Earlier this year, it was discovered that an online database containing the personal data of about 11 …

The Big Data Association has announced its intention to create a sandbox for working with the anonymized personal data of association customers, including data on purchases, payment types and mobile-related …

Amendments and additions to Uzbekistan’s criminal code and administrative responsibility code governing the use of personal data have been signed into law. The updated legislation outlines a schedule of fines …

According to an Accenture Plc study, most consumers around the world would be willing to share more personal data with financial institutions if it meant that they received better services. …

In an age where convenience, speed and efficiency are king, it is unsurprising that chatbots are quickly becoming a preferred method of customer service. In fact, 69% of consumers have …

With all the recent news about cyberattacks and data leaks, one might sometimes wonder if he/she is really a target. After all, why would someone be interested in the data …

It has become obvious to most business that data is a necessary part of doing business; however, businesses must go beyond simply collecting data for it to be useful. Here …

In an environment where financial institutions are facing the regulatory need for increased transparency alongside a continued increase in data volume and velocity, the “ability to leverage data to analyze …

Check out this short video for an overview of how Big Data analytics is supporting digital transformation in the financial sector. Tokenized student economy to transform global educational market Popular …

With the rise of Big Data also comes the concept of a data lake – a repository of information so large it is somewhat like a vast body of water …

Financial institutions have long used data as a way to minimize risks. This data, however, typically comes from traditional sources (credit bureaus, SEC filings, etc.). But many (79% according to …

Financial institutions sit atop huge pools of data, but they won’t enjoy the value of it if they keep using yesterday’s tools. The sad reality is that most financial institutions …

Despite the progress personalization has made in other sectors, financial institutions are falling short. The trouble is that personalization can’t be bought; it can only be built through data. And …

Data is the hottest new commodity around the world. For financial institutions, much data is already readily available to them (e.g. basic client information, client transaction histories, etc.); however, digitalization …

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 …

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.    Economic Development Ministry opposes …

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 …