A Guide for Modern Banking

Banks Must Leverage Data to Survive

How Can They Do That Better?

Market volatility and technological advancements make data processes more critical than ever for banks. Many hesitate to leverage their data, unsure how to navigate the risks and costs of advanced analytics. Luckily, strategic approaches can address these concerns and uncover new value opportunities.

Optimize Your Bank's Data Strategy Today

30x Increase in
Analyst Productivity for
Standard Chartered

Moving from spreadsheets to a centralized data tool can significantly boost efficiency and uncover new opportunities. With proper governance and permissions, analysts can directly access data, create visualizations, and share results within a well-governed environment.

At Standard Chartered Bank, adopting Dataiku enabled a team of two to perform the work previously done by 70 people using spreadsheets, achieving 30 times more productivity. In just three to four weeks, they processed a 4.5 billion-row table in a single operation, significantly enhancing their data handling capabilities.

Don't Let Valuable Data Go to Waste

3 Actionable Tips to Maximize Your Data Potential

Reduce Risk With Governance & MLOps

Banks must ensure all data work, especially with machine learning models, is visible, transparent, and auditable to meet regulatory standards, which requires a thorough understanding of Responsible AI, AI Governance, and MLOps.

See p. 3

Maximize ROI by Controlling AI Costs

Implement efficient tools and strategies early to streamline data processes, reduce inefficiencies, and manage the costs of AI initiatives for maximum ROI.

See p. 9

Empower People With the Right Tools

Instead of searching for unicorn data scientists, leverage existing staff by providing centralized tools and training to enhance their contributions to data processes and support AI Governance initiatives.

See p. 15

“This year, we are expanding beyond our ... focus of exploring the better management and use of data to support internal initiatives for the success of the divisions to how to use data at scale to make the bank solutions set offerings more successful and valuable for our customers. Formal processes and linking the data sources in Dataiku will help us do that.”

Barbara Gross

SVP/CIO, Bankers’ Bank

“I think that the best solutions come about from bringing together that diversity of knowledge, of skills, of experience, and trying to come out with the best solutions for our organizations, bringing other stakeholders on the journey to better analytics.”

Metul Parekh

Actuarial Director, Convex Insurance

"We got our hands on Dataiku and we said — what can this thing do? Within three to four weeks we managed to turnover a 4.5 billion row table in a single operation. It was like data origami. We could do process on process. So within a very short period of time we basically achieved our original goal, which was processing data better. But Dataiku made us realize we could do so much more than that. We’ve got an army of people copy and pasting data, and this thing can load up very big stuff. Dataiku allowed us to have different conversations about data."

Craig Turrell

Head of Plan to Perform (P2P) Data Strategy & Delivery, Standard Chartered Bank