Losses are inevitable in banking, but minimizing them is a top goal of any bank. What can be learned from recent losses suffered from financial dealings with two companies, Archegos Capital and Greensill Capital, to steer clear of similar avoidable blows in the future? Shadow banking and transparency are two areas to consider seriously.
With useful data and information piling up in the financial realm, firms can use all the help they can get to more efficiently compile and employ it. Automation, which manifests itself in many forms, is a must for financial institutions. Natural language processing translates words into useful tools and applications that enable financial companies to be more compliant, profitable and sustainable and is experiencing increasing adoption in the financial industry.