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ISO 20022: Are your payment systems ready?

IBM Big Data Hub

ISO 20022 data improves payment efficiency The impact of ISO 20022 on payment systems data is significant, as it allows for more detailed information in payment messages. ISO 20022 drives improved analytics and new revenue opportunities ISO 20022 enables more sophisticated payment analytics by providing a richer data set for analysis.

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The Foundations of a Modern Data-Driven Organisation: Change from Within (part 2 of 2)

Cloudera

By using Cloudera’s big data platform to harness IoT data in real-time to drive predictive maintenance and improve operational efficiency, the company has realized about US$25 million annually in new profit resulting from better efficiency of working sites. . Data enables Innovation & Agility. Risk Management.

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How to use DSPM to reduce cloud storage costs: a guide on how to identify and delete redundant, obsolete, or trivial data in cloud environments using DSPM tools

Laminar Security

The cost of cloud storage: breaking down the numbers Cloud storage operates on a pay-as-you-use model, which appears cost-effective at first glance. However, when businesses fail to monitor and manage their data effectively, costs can escalate quickly.

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Best Practices for Data Catalog Implementation

Octopai

For business users Data Catalogs offer a number of benefits such as better decision-making; data catalogs provide business users with quick and easy access to high-quality data. This availability of accurate and timely data enables business users to make informed decisions, improving overall business strategies.

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Back to the Financial Regulatory Future

Cloudera

From stringent data protection measures to complex risk management protocols, institutions must not only adapt to regulatory shifts but also proactively anticipate emerging requirements, as well as predict negative outcomes. This results in enhanced efficiency in compliance processes.

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The Power of Ontologies and Knowledge Graphs: Practical Examples from the Financial Industry

Ontotext

These two key data elements are used in approximately 80% of the use cases in the sector. It is reused in modeling the publication of entity data or regulatory-mandated data exchange, as seen in the example provided below. This makes it easier to manage and update information as the industry changes.

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Business process management (BPM) examples

IBM Big Data Hub

This enables proactive decision-making, ensures consistency and improves operational efficiency. Also, BPM provides real-time insights into compliance metrics and risk exposure, enabling proactive risk management and regulatory reporting. In fact, BPM can be used to improve the project management process.