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Automating Data Analysis Is a Must for Midsize Businesses
Midsize company leaders are right to be excited about the opportunities for harnessing the value in their large datasets. But the data in midsize companies tends to be messy — spreadsheets and plain-text files, many in different formats, are difficult (if not impossible) to integrate. It takes a lot of time and money to clean it up to make it useful. Poor-quality, disintegrated data can sabotage even the best initiatives, including AI designed to increase value and efficiency. HdL Companies, a Brea, California–headquartered government services firm, used their data strategically and has seen significant efficiency gains. The author offers three
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Analysis: World Bank, IMF face long-term damage after data rigging scandal
WASHINGTON, Oct 4 (Reuters) – Regardless of whether IMF chief Kristalina Georgieva was to blame for changes to World Bank data in 2017 that benefited China, the scandal has dented the research reputations of both institutions, former staff, government officials and outside experts say. The damage from the data-rigging scandal that forced the World Bank to discontinue its “Doing Business” investment climate rankings may be difficult to repair and has raised questions over whether the institutions’ influential research is subject to shareholder influence. Georgieva has strongly denied accusations in a World Bank external investigation report that she applied “undue pressure”
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APAC Master Data Management Market For Financial Services Size, Share & Trends Analysis Report 2021 – 2028 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “APAC Master Data Management Market For Financial Services Size, Share & Trends Analysis Report By Country (China, Japan, Australia, New Zealand, Singapore, South East Asia), And Segment Forecasts, 2021 – 2028” report has been added to ResearchAndMarkets.com’s offering. The APAC master data management market for financial services is expected to reach USD 3.49 billion by 2028. It is anticipated to expand at a CAGR of 13.4% from 2021 to 2028. The rising need for regulatory compliance in the banking and financial industry is the major driving factor of the overall market growth. The industry emphasizes regulatory
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‘Paralysis by analysis’: financial sector focused on climate data instead of action, report says | Climate crisis
The financial world is making the same mistakes regarding climate change as it did with the housing market in the lead-up to the 2008 global financial crisis, a new report warns. Degrees of Risk – co-authored by Ian Dunlop, a former head of the Australian Coal Association – found that while regulators and the financial sector had begun to grapple with the risks posed by the climate crisis, they were not moving fast enough. Instead, they were relying on modelling scenarios of 3C and 4C of global heating without properly factoring in how catastrophic they would be. Dunlop said the
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Recent Analysis of Consumer Financial Protection Bureau Data Shows Exponential Increase in Fintech and Crypto Complaints to CFPB | Insights
Data intelligence company Morning Consult recently analyzed consumer complaints made to the Consumer Financial Protection Bureau (CFPB). The analysis showed that fintech and crypto-related complaints made by consumers to the CFPB “exploded” in early 2021 compared to the same period in 2020. Our clients should be aware that the sharp increase in fintech and crypto consumer complaints is well known within the CFPB and that fintech enforcement is key priority for the CFPB Office of Enforcement. The Office of Enforcement is already active in the fintech space and seeking new matters for investigation. Jurisdictional lines are just now being drawn
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Data analysis key to closing gender pay gap in financial services
It is also of note that some financial services companies have made bigger strides in closing the GPG than others. For example, one firm has improved its median hourly pay gap by 15.8 percentage points, going from 41% in 2017/18, to 25.2% – below the sector’s national average. Positive action Within the financial services sector, there is a still a lack of equality in the number of men and women in senior positions, despite progress made by many companies to support the progression of women into senior roles. However, it has been reported that for some companies, there are
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Oracle’s Autonomous Data Warehouse expansion offers potential upside for tech professionals
Join AI & data leaders at Transform 2021 on July 12th for the AI/ML Automation Technology Summit. Register today. In March, Oracle announced an expansion to their Autonomous Data Warehouse that can bring the benefits of ADW — automating previously manual tasks — to large groups of new potential users. Oracle calls the expansion “the first self-driving database,” and its goal with the new features is to “completely transform cloud data warehousing from a complex ecosystem … that requires extensive expertise into an intuitive, point-and-click experience” that will enable all types of professionals to access, work with, and build business
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White House to target bank mergers, financial data with competition order
By Nandita Bose and Michelle Price WASHINGTON (Reuters) – President Joe Biden’s planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve and the Department of Justice to update merger guidelines and increase scrutiny of deals, according to a source familiar with the matter. It will also ask the Consumer Financial Protection Bureau (CFPB) to issue rules giving consumers full control of their financial data to make it easier for customers to switch banks, the source said. The planned order, which is expected to be signed by Biden on Friday, is likely to
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