Big data facing growing scrutiny to mitigate ‘bad data’ risks
Big data is coming under growing scrutiny in certain quarters, as the risks of bad data could have an adverse affect on machine learning tools.
Big data is coming under growing scrutiny in certain quarters, as the risks of bad data could have an adverse affect on machine learning tools.
Custodians could deliver superior value focusing on identifying operational pain-points for customers and created solutions off the back of it, according to Deutsche Bank.
Asset managers have been slow to incorporate big data into their day-to-day operations, despite the cutting edge tools on offer to deliver, alpha according to Sibos panelists.
Big data is becoming a greater value proposition for custodians than the traditional model of asset keeping and settlement.
Citi launched Velocity Clarity in June last year with the aim to consolidate data across its custody and fund services business.
Exchange operator has acquired a minority stake in data wrangling firm Trifacta.
Pervaiz Panjwani, EMEA head of custody fund services, and Bill Pryor, global head of data & analytics for custody and fund services for Citi discuss the automation of asset servicing, along with data, robotics and other FinTech developments.