The most valuable asset that banks have today is data. They capture massive amounts of it with the intent of being data-driven, customer-centric organisations. But it is fair to say that when banks look to derive meaningful and actionable business insights from their data, they aren’t maximising its value.
While investment in data and analytics platforms is important, it’s not enough. Banks need to become smart data organisations that are nimble enough to adjust and respond to the ever-changing risk management landscape. At Capgemini, we see five major data-driven trends that banks should consider and incorporate into their transformation journey.
Leading up to these trends, it’s important to set the stage for what is happening in the industry to encourage their evolution. Read this Point of View from Capgemini to find out more.