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Banks Are Gaining Access To A Growing Amount Of Data: Here's How To Use It

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As banks gain access to new data and realize opportunities to analyze this data at scale, they can use the resulting insights to deliver on consumers' growing demands.
The article from Forbes Finance Council, published on February 18, 2025, discusses how banks are increasingly gaining access to vast amounts of data and outlines strategies for effectively utilizing this data. It emphasizes the importance of data analytics in enhancing customer experiences, improving risk management, and driving innovation in financial services. Key points include the use of AI and machine learning to analyze customer behavior for personalized services, the implementation of robust data governance to ensure privacy and security, and the potential for data to inform strategic decisions like product development and market expansion. The article also highlights the need for banks to invest in technology and talent to manage and interpret this data, suggesting that those who can effectively harness data will gain a competitive edge in the evolving financial landscape.

Read the Full Forbes Article at:
[ https://www.forbes.com/councils/forbesfinancecouncil/2025/02/18/banks-are-gaining-access-to-a-growing-amount-of-data-heres-how-to-use-it/ ]