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How Can Banks Better Use Their Data?
In a series of interviews with Finextra, a leading independent newswire and information source for the worldwide financial technology community, EPAM’s Balazs Fejes, SVP, global head of financial services business unit, discusses critical changes and struggles that the digital revolution has brought to banking.
Reliance on outdated methods of data capture, retention and use represents a real threat to banks business models in the future. In this episode, Mr. Fejes looks at how the move towards digital is enabling banks to pursue a broader range of opportunities with their customers, however, outdated and insecure techniques for managing customer data continues to stifle their development.