As financial institutions seek to leverage data for competitive advantage, there is a growing regulatory and reputational risk that calls for the protection of sensitive data. Much of the data held by these institutions is too sensitive to release for general use, since it contains financial and personal information related to customers. To make data available for analysis, it is essential to minimise identifiable information and limit access appropriately. To become data-driven as well, the bank must analyse and innovate rapidly.
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