Overcoming Legacy and More Stringent Regulation in the Financial Industry with Data Science
Regarding data science, there are a couple of important areas where the financial services industry is particularly interested. It’s all about understanding.
The first area to observe in the financial sector has to do with risk. Data science can help financial institutions adhere to compliance standards, and/or credit control detection, for example.
The second area surrounds the customer. Data science can provide insight to better understand the customer, their individual desires and pain points. All organizations, such as banking or B2B, want to better understand the customer while exploring new avenues for business growth.
Read the article “Overcoming Legacy and More Stringent Regulation in the Financial Industry with Data Science” on Information Age featuring Ryohei Fujimaki, dotData CEO and founder.