One of the lesser-known effects of COVID-19 has been on analytical risk models. Around the world, the pandemic has created a new reality. The situation became so unpredictable that financial institutions’ risk models lost their ability to make accurate predictions. Past performance, it turned out, was very definitely not a
Our key workers deserve more than just a round of applause — so why do we still expect the people who have the least to pay the most for banking services? To most people, social justice and the banking sector probably seem like strange bedfellows. Over the past couple of
Assisto Consulting is a management consulting firm delivering analytical and operational solutions for banks and multiple other sectors with a strong focus on financial technology and delivering its tailor-made business solutions. Its partners are all experienced banking professionals with skills in risk management, finance, business development, and marketing, and of
“We live in disruptive times… where the only constant is a change” – this statement seems very accurate to the situation we face today. The funny thing is that this is a quote from an ancient philosopher Heraclitus of Efez, who had said it almost 2500 years ago! The “new
The pandemic has hit insurers hard. Despite lower claims volumes due to reduced crime and fewer cars on the road, the sheer financial and reputational cost of COVID-19 has been enormous for the industry as a whole. Since March 2020, Lloyd's of London has made a loss due to GBP
In my 25 years in the data and analytics arena, I’ve had the good fortune to work across many sectors. Historically within the private sector, but more recently with the public sector. With digital transformation firmly on the agenda, public sector bodies are leading the way in many ways in
A dummies dashboard: every line is a group of models, the pie-chart in the center tells you how many models you manage.
The 10th edition of this series puts the spotlight on two organizations at which I had the pleasure of helping to teach students the humble beginnings of data, analytics and data visualization: Avans and HAN (Hogeschool van Arnhem en Nijmegen). My sources for this post are Gerben Muller, who initially
By Paul Ridge, Head of Insurance, SAS UK & Ireland Black swan events are not unknown to the insurance industry. Whether it’s natural disasters such as the Japanese earthquake in 2011, the Chernobyl disaster in 1986 or pandemics such as the SARS virus in 2002. By their nature, these kinds
Data, AI and digital transformation will define the industry of the future. The die is cast. Without an industrial approach for analytics, there will be no future! Diamonds are forever Khepri, a deity of ancient Egypt, symbolized the morning rebirth of the sun. Khepri is also said to have inspired
