The slippery road to a data-ready future

What's the secret sauce that transforms financial institutions into a data-driven success? To start with, it's strategy, technologies, business plan, organisation and talent.

While banks in the Asia-Pacific, especially in Singapore, are ahead of their counterparts in the developing world in their data journey, new entrants such as fintech firms, telcos and technology companies are changing the game for traditional players.
PHOTO: AFP

OF ALL the changes that financial institutions currently face, data-backed decision-making has the potential to create the deepest impact. Advanced analytics tools give companies the power to grow the business, mitigate risks, enhance the customer experience and improve operational efficiency.