Singaporean bank DBS has signed anA agreement with Amazon Web Services (AWS) to leverage its cloud technology.
DBS has said that using cloud will help it better meet customer needs and speed up the pace of innovation. Scale.A Cloud technology enables banks to quickly scale processing capacity up or down in order to react to changes in customer demand.
Risk.A A hybrid cloud can mean either a combination of private or public cloud, or a combination of cloud and legacy infrastructure.
Wea€™ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs. No firm is immune from the coming disruption and every company must have a strategy to harness the powerful advantages of the newA fintechA revolution. As you can see, this very fluid environment is creating winners and losers before your eyesa€¦and ita€™s also creating the potential for new cost savings or growth opportunities for both you and your company.
If you work in any of these sectors, ita€™s important for you to understand how the fintech revolution will change your business and possibly even your career.
Why financial technology is so disruptive to financial servicesa€”it will soon change the nature of almost every financial activity, from banking to payments to wealth management. The basic conflict will be between old firms and newa€”startups are re-imagining financial services processes from top to bottom, while incumbent financial services firms are trying to keep up with new products of their own. Both sides face serious obstaclesa€”traditional banks and financial services firms are investing heavily in innovation, but leveraging their investments is difficult with so much invested in legacy systems and profit centers. Meanwhile, startups are struggling to navigate a rapidly-changing regulatory landscape and must scale up quickly with limited resources.
Breaks down global and regional fintech investments, including which regions are the most significant and which are poised for the highest growth. Explains why blockchain technology is critically important to banks and startups, and assesses which players stand to gain the most from it. Explores the financial sectors facing disruption and breaks them down in terms of investments, vulnerabilities and growth opportunities. The Fintech Ecosystem Report: Measuring the effects of technology on the entire financial services industry is how you get the full story on the fintech revolution.

Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. Business intelligence commandos and consultants all over the world are set to help companies harness the power of the massive amounts of unused information they are unknowingly collecting in an effort to bring business decision making to the next level. If you’ve been searching online for a Big Data definition, chances are things are more confusing than ever. The good people at Gartner have crated an understandable definition of Big Data describing it as “high-volume, high-velocity and high-variety information assets that demand cost-effective, innovative forms of information processing for enhanced insight and decision making”. Big Data is commonly understood to be unstructured data, is sourced from text files and accounts for about three quarters of an organization’s total data. When businesses engage their customers with rewards or points systems, offer warranties or special offers, there is more to the story than just hashtags, replies and rate of usage trends. Big Data can also support government and service providers in finding solutions during outages and even disasters.
DBS plans to create a hybrid cloud environment that it will use alongside its existing data centers. It is one of a growing number of financial services firms that are testing or using AWS cloud, including Capital One and JPMorgan. In either case, a hybrid cloud environment can be used to create create a level of redundancy in critical systems.
Robo-Advisors: Robo-advisors like Betterment offer lower fees, lower minimums and solid returns to investors, but the much larger traditional asset managers are creating their own robo-products while providing the kind of handholding that high net worth clients are willing to pay handsomely for.
And if youa€™re employed in any part of the digital economy, youa€™ll want to know how you can exploit these new technologies to make your employer more efficient, flexible and profitable.
Both major banks and startups around the world are exploring the technology behind the blockchain, which stores and records Bitcoin transactions.
But however you decide to acquire this report, youa€™ve given yourself a powerful advantage in your understanding of the fast-moving world of financial technology. You’ve got the hang of your customized apps, super sophisticated cloud-based CRM and even the reporting tools.
Big Data is about identifying changes and relationships and linking data that move at different speeds rather than focusing structured, predetermined variables at regular intervals.

It’s often measured in petabytes or exabytes (fancy words for really, really big) but does not refer to a specific number per se.
Super analysts who find trends and usable information not otherwise available within a company’s structured in-house databases tap the contents of customer feedback and communication in social media and other online sources. Searching secondary communication channels for spikes in social media keyword use or locations can reveal details that are not evident in primary communication data like direct calls or emails. Everything consumers and business do leaves a massive trail of chaotic and seemingly unrelated information just waiting to be analyzed. For operations that require a high level of security, they can use existing data centres, which are known to be secure but have limited capacity.
This technology could lower the cost of many financial activities to near-zero and could wipe away many traditional banking activities completely.
And after months of confusion, stress-sweat and heart-stopping errors, you are finally in the know and on top of your cloud.
This includes embedded text as well as various data types and locations all for the purpose of establishing communication patterns and links among otherwise exclusive groups. In fact, data sets are so large and so pervasive they defy the usual methods of management and analysis. The cloud integration will allow the business unit to more effectively handle short-term trading surges, like those caused by Brexit. Capturing, categorizing, storing and understanding it requires construction of data-centric architectures and cloud-based APIs and machine learning algorithms to translate data into meaningful trends and identifiers. Technology is a moving target (get used to it) and it’s time to hit a new learning curve on the next frontier—Big Data.

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