Once master of their data destiny Bank's find themselves "dwarfed by data" and struggling to compete with the agility of FinTech startups which seem to do more with so much less. This presentation explores the two driving reasons for this and suggests three steps Bank's can take to fix this problem.

1. WHAT BANK’S
CAN LEARN
FROM STARTUPS
ABOUT DATA?
@amanwhotweets

2. Being Big was once an advantage for Bank’s when
it came to Data.

3. But Data got Bigger with more Volume
Source: PWC FS ViewPoint

4. And even Bigger with increased Velocity
Source: PWC FS ViewPoint

5. And almost inconceivably Huge with more Variety
Source: PWC FS ViewPoint

6. BANKS
STARTUPS
Yet companies much smaller than Bank’s in our
universe and are doing better job...

7. ACCESS
For two reasons.
INSIGHT

8. Better Access.
1. Reduced Costs
2. Disruptive
Technologies
3. More Scalable

9. Deeper Insights.
1. Output oriented
2. Fact based decisioning
3. Unconstrained by
Data Ownership

10. Three thing’s Bank’s can do to help themselves
Reap what you sow.
Be disciplined in what data you collect, analyze,
discard and distribute.
Experts often possess more data than judgment.
Colin Powell

11. It’s a journey not a destination.
Be mission not task oriented in your data journey.
The journey is the reward.
Steve Jobs
Three thing’s Bank’s can do to help themselves

12. Three thing’s Bank’s can do to help themselves
Collaborate as you consume.
Driving great insight requires great teamwork with
partners and a ‘data ecosystem’
If you want to go fast go alone. If you want to go far go together.
African Proverb

13. THANK YOU
@amanwhotweets