From the Trenches: How Banks Use Data Lakes to Protect Profit
Webinar | August 15, 10 AM PT, 1 PM ET, 6 PM BST
As more companies deploy data lakes with Apache Hadoop® and Apache Spark®, the expectations regarding return on investment continue to rise. Today, businesses are going beyond cost reduction use cases and are exploring new strategies that mitigate risk and generate revenue - and value - with data lake analytics.
Join data analytics experts Alasdair Anderson and Paul Lashmet on Wednesday, August 15, 2018 at 10:00 am PDT (1:00 pm EDT) to learn how financial services firms can find immediate business value through the data lake with several key strategies regarding:
- The business case for a data lake - what problems can it solve?
- The benefits of modernizing data pipelines to create closed-loop data lake systems
- The reasons why organizations are choosing a new BI standard for data lakes
They will also discuss and demonstrate examples of:
- Utilizing the data lake to power financial crime defenses
- Facilitating cross-functional collaboration between risk, finance, and business groups
- Enhancing investment decisions with alternative data
Practice Lead & Advisor for Financial Services
EVP and Head of Data Engineering
Paul Lashmet is practice lead and advisor for financial services at Arcadia Data, a company that provides visual big data analytics software that empowers business users to glean meaningful and real-time business insights from high-volume and varied data in a timely, secure, and collaborative way. Paul writes extensively about the practical applications of emerging and innovative technologies to regulatory compliance. Previously, he led programs at HSBC, Deutsche Bank, and Fannie Mae.
Alasdair Anderson is a veteran big data expert who was most recently the executive vice president and head of data engineering at Nordea Bank in Copenhagen. There, he led Nordea Data Technology, which is responsible for ensuring that the bank data platforms supply timely, accurate, and trusted data to internal and external subscribers in order to support all of the bank core functions. Alasdair was also responsible for the delivery of the bank Financial Crime Intelligence and Analytics platform. Alasdair speaks frequently throughout Europe on the topics of data management, analytics, and innovation, and has represented Nordea on multiple customer advisory boards of the data and analytics vendors with which Nordea partner.