INVITATION TO ROUNDTABLE THURSDAY 2nd JULY 2015 ANDAZ HOTEL, LIVERPOOL STREET, LONDON
How can banks harness the power of Big Data? – Unravelling the Puzzle
The value of Big Data in the Financial Services Industry is set to reach over £6 billion within the next few years, however banks are currently lagging behind organizations such as Google, Amazon and Facebook. The challenge for banks lies in how to harness the potential of Big Data, not only how to manage this vast amount of information but how to apply the latest analytical tools that will provide insight and opportunities to customers behavior and if they can get this right how it will provide a better fit of product to the customer, improved profitability and reduced risk.
This round table/seminar will examine how digital is impacting the processing of large volumes of data and facilitating predictive and prescriptive analytics to put banks in a proactive position to respond to customers future needs, we will also look beyond customers current requirements and discuss how data analysis will enable banks to influence their customers and provide better advice to customers.
Timetric’s flagship banking publication Retail Banker International has joined forces with Infosys, the global leader in consulting, technology, and outsourcing solutions to host an invitation-only business roundtable/seminar followed by drinks and canapés.
Issues we will be discussing include:
How can banks optimize the use of customer data while tackling customer concerns over privacy issues?
Which issues have prevented banks being unable to exploit Big Data to date, e.g organizational silos, dearth of analytics talent, high cost of data management, lack of strategic focus?
How do banks meet the technical challenges arising from ageing and complex legacy issues?
A number of banks have started to use information available about customers on social media when determining loan applications; what issues arise from such an approach?
Is there scope for banks to partner with retailers to offer personalized discounts to customers based on an individuals’ spending patterns?
How can banks reduce business risk by leveraging predictive analysis for detecting fraud?
Which are the new skill sets needed by banks to benefit from Big Data analytics?
How can banks secure customer data from fraud through predictive behavioral and device analytics?
What does Omni-channel banking, concierge services and neo-banking mean?
Andaz Liverpool Street Hotel is one of the city of London’s most prominent conference and meeting venues. The historic hotel setting, which has been renovated to boast both stunning modern and classic interiors, provides a diverse range of event and meeting rooms from grand Victorian, to modern and bespoke,
Fenchurch Suite, Andaz Hotel, Liverpool Street, London EC2M 7QN