Deutsche Bank is to launch a new enterprise analytics capability in an move to step up its big data efforts.
The platform collates and analyses millions of lines of data daily to identify opportunities for efficiencies in the bank and its clients’ securities settlements.
The new initiative will go live in November 2018, enabling daily data analysis on securities
transactions.
The initiative will first be introduced to the German market, with a wider roll-out planned in due course.
Deutsche Bank has been working in close collaboration with its Dublin-based data labs, bringing together specialist data techniques and technology to source and analyse research for the bank and its clients.
Fiona Gallagher, Deutsche Bank’s head of GTB Securities Services, said: “We have the data, we have the technological and analytical capabilities via our data labs and of course, we have the banking expertise—putting us in a strong position to dig into client data in a way that’s yet to be fully explored in securities services.”
She concluded: “Going forward, there will be a continued focus on working in partnership, swiftly and smartly, both within Deutsche Bank and with our clients, to address further priority problem areas.”
“Next on the agenda for data analytics is ensuring we can identify and understand the drivers behind settlement fails—a key part of achieving settlement efficiency. This is increasingly important following the introduction of the penalty regime under Central Securities Depositary Regulation.”
