GDPR

What is GDPR and why should we care?

Until a couple of weeks ago, I had never even heard of GDPR – the new General Data Protection Regulation set by the European Union (EU). And yet, for companies offering or wanting to offer services to clients located in Europe, the implication of infraction are clear: very high fines. This new European legislation, which…

BCBS239 – will banks be ready

Domestic systemically important banks have less than a year to comply with the principles of Regulation 39 of the Regulations relating to Banks. (BCBS 239) The Principles aim to strengthen bank’s risk management practices by improving their risk data aggregation and reporting. At the time of writing, global systemically important banks should have already complied.…

mobile payments

How does data help the shift to mobile banking?

Our experience helping banks in central and East Africa resolve their customer data management challenges has given me some exposure to the dynamics of delivering mobile banking services to a largely poor and, frequently, unbanked population. I wrote about this earlier in the post Will quality data differentiate banks from mobile operators? In this post I…

compliance

Data Driven Culture helps compliance

The ripple effects of the 2007-2008 global financial crisis – when a number of large, global financial institutions went into bankruptcy due to over investment in the collapsing US housing market – lead to the global economic recession, tax payer bail outs of organisations deemed “too big to fail”, and even, more recently, the Eurozone…