Banks’ Big Data Risks: Analytics to the Rescue

Technology Revolution: The Future of Now

Bonnie D Graham

News, Business News, Technology

4.9 • 112 Ratings

🗓️ 5 December 2012

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Banks and big data. Risky business, according to our experts. Simon Paris: “As reported more or less daily, banks continue to face multiple risk and compliance challenges – are they not willing or not able to do proper risk and compliance management?” Ralph Silva: “Banks have to find some humility and realise that retailers, auto companies and grocery chains are far better at managing and mining data than they are. Steal it if you can.” Jane Griffin: “It’s understanding the risks in the market and how I respond to those risks or any other components that might jeopardize my success.” Craig Rich: “The price of light is less than the cost of darkness -- A.C. Nielsen. “Too often organizations are challenged with creating a business case for improving their data and analytical capabilities. In today's competitive landscape, it is not whether you can afford to invest in analytics but whether you can afford not to.” Join us for Banks’ Big Data Risks: Analytics to the Rescue

Transcript

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0:00.0	The following program is being brought to you on the Voice America Business Channel.
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0:19.9	The views and ideas expressed on the following program are strictly those of the host or guests
0:24.6	and do not necessarily reflect the views and ideas held by the Voice America Talk Radio Network,
0:30.0	its staff, and management.
0:45.6	Thank you. Welcome to the most nutritious hour of business talk all week.
0:49.4	This is Coffee Break with Game Changers, presented by SAP.
0:51.9	The best run business is run SAP.
0:54.7	Your host and moderator is Bonnie D. Graham.
1:02.3	You'll hear from the innovators who have learned to use game-changing technologies to shake up the status quo and help move today's businesses in new directions.
1:04.3	Now, here's Bonnie D. Graham.
1:10.3	And today's buzz phrase is banks, big data, and risk.
1:13.1	What do they have to do with each other? Yes, let's look at banking. Banking is a data-driven business. And with reams of data coming at banks, every
1:18.4	millisecond, probably faster than that, this translates to risky business. How, in terms of
1:23.6	liquidity risk management, credit risk management, and so much more.
1:28.1	Our experts speak.
1:29.5	Today we'll be hearing from Simon Paris.
1:31.5	He says, as reported more or less daily, banks continue to face multiple risk and compliance
1:38.0	challenges.
	...

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