Digital banking
Going with the
arly in our conversation, Dr Shivaji Dasgupta lays out some of the fundamentals of his profession. Right from the start, argues the group chief data and intelligence officer at UniCredit, the “business foundation” of banking has involved a range of core roles: giving credit, evaluating risk, underwriting loans. Fair enough: innovations like double-entry bookkeeping can be traced all the way back to Florence around 1300. And if, moreover, the essential nature of banking has persisted over centuries, Dasgupta equally sees
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data flow
In a country not renowned for embracing new technology, UniCredit is an outlier. As if a vast digital fund wasn’t enough, the Italian bank is rushing ahead to use data in increasingly sophisticated ways, ultimately creating what the institution’s group chief data and intelligence
offi cer calls an “end-to-end data” system from back offi ces to customers. Andrea Valentino catches up with Dr Shivaji Dasgupta to learn more, along the way examining how data accessibility is as vital as the information itself, the importance of liaising with colleagues across the c-suite – and how solid data could ultimately help the planet, even as it bolsters UniCredit itself.
remarkable consistency in technique. Banks, he says, are “predestined” to use data, both for essentials like risk and loans, and personalisation, and sustainability, and the countless other tasks that make the modern sector tick. Certainly, the primacy of data in contemporary banking becomes indisputable when you consider the numbers. Altogether, American banks have one exabyte of stored data – a bewilderingly large figure equal to about 275 billion MP3s. Across the Atlantic, HSBC alone boasts 240 petabytes of
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