Competitive advantage is increasingly driven by a financial institution’s ability to harness and monetize internal and external data. Pacesetters are creating new data-led products and services. In response, Celent is building a library of proprietary research to guide FIs in their quest for data-driven advantage.
Success in data analytics is predicated on robust data management.
Celent tracks key trends and best practices in capturing, cleansing, securing, and processing data from source to models to product.
We discuss business data strategy as well as data infrastructure implications.
Data science is powering improved performance at FIs.
Celent explores best practices, including moving from innovation to production, identifying new data sources, and democratizing data science.
In addition, Celent examines how FIs can monetize their data.
Vanguard FIs are applying AI/ML to realize game-changing competitive advantage.
Celent tracks the strongest use cases and best practices, including the rise of customer and employee-facing AI/ML. We’re also monitoring how leading FIs are leveraging smart RPA to lower costs while improving customer experience.
Data is the foundation of the insurance industry. Traditionally, it utilizes historical data to calculate the premium of the products it sells to customers. As the world faces new risks such as cyberattacks, climate change, etc., the insurance industry cannot depend only on historical data to address these challenges. Compared to other sectors, the insurance industry lacks customer data due to its limited touch points. Its interactions with customers occur predominantly when they buy insurance products and at the time of a claim.
Winner of the Celent Model Buy Side 2023 Award
Winner of Celent Model Bank 2023 Award for Customer Financial Resilience
Model Risk Manager 2023 Award for Data Management and Analytics
Winner of Celent Model Wealth Manager 2023 Award for Streamlining Advisor Workflows
Annual CIO Survey Results
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ISO 20022 is rapidly becoming the financial messaging standard, with projects in many countries and in many payment rails. One of the most signi…
Robotic process automation has a strong foothold in all industries globally, and its application in the insurance industry is forecasted to cont…
Through our annual Model Awards program, we identify best-in-class uses of technology by financial institutions worldwide. Each year, there are winners in data, analytics, and AI. For each winner, we write detailed case studies and produce short videos.
Celent analysts continually watch for exemplars and include detailed case studies in their reports. These case studies include an analysis of the business case, underlying technology and best practice implementation.
Monica Summerville heads Celent's Capital Markets practice and is based in the firm's London office. Monica is a seasoned financial services ind…
Max is the Insurance Technology Research Advisor for APAC and Senior Analyst within Celent’s insurance practice and is based in Singapore. Max’s…
Craig brings extensive experience in the use of enterprise architecture and applications architecture practices in the insurance industry, worki…
Cubillas Ding is a Research Director with Celent's Capital Markets division, based in the firm’s London office. His expertise lies in global fin…
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