In a digital world, technology never sleeps. Operating systems and processes from the past are no longer fit to support today's digital transformation. Conscious about this, our client, the Belgian branch of a large European bank, reached out to AE to help with a full technical re-write of its online banking platform. The project was part of their broader international transformation programme and required aninitial version to run in production within 10 months time. Needless to say … a challenging deadline.
A few weeks ago, the much-discussed General Data Protection Regulation (or GDPR for short) went into effect. It’s a directive with far-reaching consequences for companies that process personal information of EU citizens or are located within the EU. You’ve probably noticed it yourself by the sheer amount of emails asking for approval to keep using your contact information.
AE helps its customers become and stay GDPR compliant and treat this regulation both as leverage and as an opportunity instead as just another legal compliance project. In this post we’ll cut through the fog around GDPR and provide answers to some commonly asked questions. We’ll also tackle the impact of the GDPR on companies and their business processes.
A few weeks ago we attended the Connected Insurance Summit in London. In the heart of London City, we encountered a modest gathering of 200 guests varying from insurance companies over services providers to insurTech vendors.
Our intentions were ambitious. On one hand we were excited to be inspired by the vibes and implementations of the insurTech companies present. On the other hand, we were looking forward to gain insights on the vision and initiatives of the leading European insurance companies towards their digital transformation
The missions we captured were slightly disjunct and often lacked consistency and co-thinking.
Early June, the Money2020 circus landed in Amsterdam. One should take this literally since “circus” was the major theme for this year’s European edition of the Greatest FinTech Show on Earth, as the organizers themselves tend to call this event.
With stellar speakers and panels on 8 different stages for 3 days long and a buzzing expo hall with over 250 start-ups, scale-ups and mature corporates presenting their services, wrapping up the take-aways is a challenge.
Let me share the 5 quotes that resonated the most to me.
KBC is one of the largest bank-insurers in Belgium for both private individuals and medium-sized businesses. In order to strengthen their market position, and evolve towards a data-driven organisation, the bank wants to maximize the value from the available data.
With the evolution towards a data-driven organisation, the intensive use of commercial data and data analysis has developed into a strategic core-competency for KBC. Together with their business partners, they are building multiple new quality data layers (Commercial data, Risk data, etc.) which contain accurate and consistent data, are based on unambiguous definitions, comply with the new GDPR legislation and can be unlocked at the right moment, in the right form and via the right channel. These new Data Layers are developed on a Big Data platform with specific tools and technologies.The bank recruited the help of AE in order to convert the data that they are gathering into useful and practical insights for the internal services. The ultimate objectivel is to ensure a personalised approach for end-users of KBC.