FDIC to Explore Opportunities to Leverage Big Data for Banking Sector

In line with an increasing focus on the application of financial technology, FDIC, along with the University of Santa Clara, plans to host a series of public webinars to explore the opportunities and challenges in leveraging big data for the banking sector. The webinars will be scheduled throughout the year to include industry leaders, academics, and technologists on the use of new data analytics to improve the efficiency, competitiveness, and security of the banking and financial system in the country. The webinars will cover topics such as application of new tools to identify patterns in data, ethics in the application of artificial intelligence, enabling open banking through application programming interfaces, and improving financial regulation through regtech and suptech. The events will feature academic paper presentations and policy-focused panels. The FDIC Chair Jelena McWilliams will kick-off the first webinar of the series on possibilities of big and alternative data in finance and banking on April 15, 2021.