2018 is set to be an important year for data within the banking industry. Two major pieces of legislation, PSD2 and GDPR, are going to open up traditional banks to new challenges, opportunities and scrutiny. We started talking about this last year, and it forms one of our five predictions for 2018.
Now we’re in 2018 banks can’t put this off any longer. They must ensure they’re prepared for how this legislation could impact their business. This is the year that those born in 2000 will turn 18. These are the most digital of digital natives, and are an important bell-weather for how society will react when banks start to use data in new ways.
To help you get stared, we’ve put together an infographic which outlines why 2018 is a big year for data in banking, why you should care, and what you need to think about.
Don’t forget to have a look at our WWS Business Analytics Management solution, which helps you make sense of the masses of data you will be collecting.