From Data to Knowledge: the Firm of the Future
The Financial Services industry runs on data; customer information, trade and payments messages, information required for compliance purposes - no firm lacks data. There is however a real shortage of information. The industry is just starting to make sense of the data that it has and to understand that its effective conversion into knowledge and intelligence will differentiate the successful Financial Services firm of the future.
IBM understands your industry. We have a long history of working within Banking and Financial Markets and have helped many clients, in the UK and globally, to undertake these sorts of transformational initiatives. Some of the key areas where customers are finding success converting data to knowledge are as follows:
- Building customer loyalty
- The banking landscape is changing rapidly and customers have more choice than ever before. The fight to win and retain customers is on.
- Data analytics for regulatory reform
- An increased regulatory framework means an increased demand for data. An enhanced data collection and analytics process is a requirement in the industry today.
- High Frequency Trading
- Exchanges, MTFs and market participants understand that the HFT world is about one thing - speed.
