Global financial leaders converged last month at the Marina Bay Sands in Singapore for the 15th Asian Financial Services Congress (AFSC) organized by the International Data Corp. (IDC). The 2019 edition of AFSC focused on new and exciting technologies under the spectrum of Intelligent Automation that are expected to change the face of financial services in Asia.
Global financial leaders converged last month at the Marina Bay Sands in Singapore for the 15th Asian Financial Services Congress (AFSC) organized by the International Data Corp. (IDC). The 2019 edition of AFSC focused on new and exciting technologies under the spectrum of Intelligent Automation that are expected to change the face of financial services in Asia.
One of the conference topics was data monetization based on the report of IDC Associate Vice President Michael Araneta, who explained how Asia-Pacific banks are generating new value from data and discussed the seven models for using data and analytics in the world of open banking.
According to Araneta, if we get the analytics of our own data right, we do not even have to consider other forms of data monetization. He pointed out the following regional trends to watch in the near-term: integration of data from social media, telcos, and locational intelligence firms; data augmentation from analytics-as-a-service companies to validate marketing leads; and launch of several national ID projects in ASEAN countries.
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