“ The largest institutions are going to feel the pressure of those fintech startups ”
— Felix Van de Maele CEO and Co-Founder , Collibra can automatically route data to the right approval to show it ’ s GDPR compliant .
“ The other way is within data science teams themselves . We ’ re now seeing AI and machine learning become more mature . As a bank , you need to make sure you are compliant : you need transparency , predictability and traceability … and you can enable that with AI and machine learning . That ’ s where there ’ s a big opportunity to extend the platform , and to provide transparency and control of data .” As the finance space begins to grow and change – with fintechs and challenger banks providing increasing competition which will always breed innovation – it ’ s likely that yet more banks will look to tech startups like Collibra to transform safely and securely . “ The largest institutions are going to feel the pressure of those fintech startups ,” says Van de Maele , who feels this is the time for banks to ask themselves serious questions . “ How do we make the most of the unique data assets we have to really drive innovation and serve our customers better ? I think they ’ ll feel the pressure to do that .”
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