Like almost every other sector of the economy, banking sees data as the new oil – a valuable resource the best use of which will differentiate the winners from the losers. Accenture’s survey of nearly 800 bankers finds that 84% increasingly use data to drive critical and automated decision-making.
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The current generation of bank CEOs are used to being called in front of congressional and parliamentary committees to explain themselves, so they can empathize with the recent spate of congressional testimonies from technology companies.
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