Don't Cut Alt Data Spend, HSBC Data Manager Warns
Slashing budgets will lead to inaccuracies as banks turn to alt data for fraud detection and to monitor customer behavior during the coronavirus crisis.
Banks should not think of cutting spending on data during the current financial downturn, despite financial pressures, Damaris Barrera, a senior data manager in HSBC’s global banking and markets group, has said.
Barrera, who was speaking on a WatersTechnology alternative data webinar on May 21, said that banks use alternative data to train business models and artificial intelligence, but that due to pandemic-induced cost pressures, many will be considering cutbacks in their data spend. However
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Data Management
Waters Wavelength
Wavelength Podcast Ep. 202: Northern Trust’s Pete Cherecwich, Part 2
Pete Cherecwich, president of asset servicing at Northern Trust, is back on the podcast to discuss outsourced trading.
Subscribe to Weekly Wrap emails
Most read
- Sell-Side Technology Awards 2020: All the Winners
- Liquidnet Pilots New Analytics Platforms After Acquisitions
- Sell-Side Technology Awards 2020 Winner's Interview: Kevin Moran, Broadridge Financial Solutions
- Wavelength Podcast Ep. 201: Refinitiv Labs on Unstructured Data
- CME’s Reg Reporting Rollback: A Sign of What’s to Come