Managing Big Data in Banking: Opportunities for Analytics
Investment banks use pre and post-trade risk analytics and financial liquidity analytics to make financial trading decisions and to model the effect of those decisions. Use of 'big data' helps make efficient use of capital and assets. Retail banks can use such 'big data' for fraud detection analytics and implementing new services that consider different data sources.
As more individuals do banking online, the amount of data collected by financial institutions will increase exponentially. Only if correctly collected, organized, and analyzed will the data be of any financial value or enhance customer services. As online transaction services becoming more common and varied, such data will be used for 'behavioral targeting' of client's habits, using tracking cookies, to direct specific advertising towards them. Big data analytics enables banks to garner more business and have a better relationship with clients.
In this two-hour LIVE Webcast, a panel of distinguished professionals and thought leaders assembled by The Knowledge Group will discuss the Advantages of Big Data for the Retail Banking Industry. The panel of speakers will share their valuable insights on managing risks and opportunities.
Some of the major topics that will be covered in this course are:
- Big Data and Analytics in Investment Banking
- Application of Big Data and Analytics to Retail Banking
- Data Management and Risk Analysis
- Opportunities and Challenges
- Potential Effects on Banking Operations
- Fraudulent Activities and Violations
- Damages and Costs
- Recent Regulatory Issues
- Litigation Risk
- Best Practices in Data Analytics
Kevin Petrasic, Partner
White & Case LLP
- Data Breach Risks for Financial Institutions
- Data Breach Risks: Numbers and Statistics
- Data Breach Trends and Vulnerabilities
- Increasing Federal and State Scrutiny of Cybersecurity and Data Protection Issues
- Recent Cyber Attacks and Key Take-aways
- Cyber Risks and Response Programs
Mike DeCesaris, Principal and Director of Data Analytics
- Big Data in Banking Investigations and Litigation
- Big Data in Securities Markets
- Implications for Financial Services Firms
- Consolidated Audit Trail Data
- Big Data in Consumer Finance
- Challenges of Big Data in Investigations and Litigation
- Challenges of Responding to Regulatory Investigations and Litigation
- Reducing Costs on the Business
Who Should Attend:
- Bank Regulation Lawyers
- Privacy Law Attorneys
- Technology Attorneys
- Banking & Finance Lawyers
- Bank Marketing Managers
- Privacy and Data Security Lawyers and Consultants
- Risk and Compliance Managers
- Data Analytics Specialists
- Risk Analysts & Controllers
- Chief Information Officers
- Banks’ Senior Management
- Chief Compliance Officers
- Chief Financial Officers
- Other Related/Interested Professionals
Kevin is a partner in the Banking practice of White & Case LLP based in the Firm's Washington, D.C. office. He advises banks and financial services firms on regulatory, transactional, bank insolvency, compliance, supervisory, enforcement, legislative, and policy issues and matters, as well as on issues under the federal securities and commodities laws. He advises domestic and international financial service firms, including commercial banks, investment banks, private equity and hedge funds, investment managers and advisers, retail securities firms, insurance companies and payment services firms on a wide array of issues under federal and state banking laws, as well as issues within the jurisdiction of the Consumer Financial Protection Bureau. In recent years, his practice has expanded to include matters involving cyber-security, virtual currencies and online banking.
Kevin has extensive experience in Dodd-Frank compliance, bank/thrift and holding company regulation, credit card and consumer financial compliance laws, UDAAP issues, data privacy/protection and data breach issues, compliance laws impacting payments systems, mergers and acquisitions, anti-money laundering issues and OFAC compliance, depository institution charter powers and activities, cross border regulation of swaps and related derivatives activities, legislative matters and analysis, mortgage market regulation, and corporate governance.
In addition, he has broad government experience, including serving as Special Counsel, Managing Director of External Affairs, Director of Congressional Affairs, Legislative Counsel, and Assistant Chief Counsel at the US Treasury Department's Office of Thrift Supervision, as well as Counsel to the former US House Banking Committee. He worked extensively on the federal government’s efforts to stem avoidable foreclosures and identify market-based solutions to the nation’s housing crisis. He also has extensive experience preparing Congressional testimony and witnesses appearing before the U.S. Congress.
Kevin is a partner in the Banking practice of White & Case LLP based in the Firm's Washington, D.C. office. …
Mike DeCesaris leads Cornerstone Research’s data analytics practice. He specializes in directing complex, data-intensive projects requiring the management, production, and integration of big data, along with advanced empirical analysis. Mr. DeCesaris has worked with both outside and inside counsel to efficiently manage the discovery of large, proprietary databases in complex litigation, investigations, and merger reviews.
Mr. DeCesaris has twenty years of consulting and litigation experience. He has worked with clients seeking to conduct internal investigations, address class certification, establish the impact of conduct, estimate damages, assess exposure, or calculate settlement payments. The matters he has worked on have involved a range of industries, including financial institutions and financial services, high technology, healthcare and life sciences, energy and commodities, telecommunications and media, consumer products, tobacco, and airlines.
Mike DeCesaris leads Cornerstone Research’s data analytics practice. He specializes in directing complex, data-intensive projects requiring the management, production, and …
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Method of Presentation:
On-demand Webcast (CLE)
NASBA Field of Study:
NY Category of CLE Credit:
Areas of Professional Practice
2.0 CPE (Not eligible for QAS (On-demand) CPE credits)
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About White & Case LLP
White & Case LLP is a leading global law firm with lawyers in 39 offices across 26 countries. Among the first US-based law firms to establish a truly global presence, we provide counsel and representation in virtually every area of law that affects cross-border business. Our clients value both the breadth of our global network and the depth of our US, English and local law capabilities in each of our regions and rely on us for their complex cross-border transactions, as well as their representation in arbitration and litigation proceedings.
About Cornerstone Research
Cornerstone Research provides economic and financial consulting and expert testimony in all phases of complex litigation and regulatory proceedings. The firm works with an extensive network of prominent faculty and industry practitioners to identify the best-qualified expert for each assignment. Cornerstone Research has earned a reputation for consistent high quality and effectiveness by delivering rigorous, state-of-the-art analysis for over twenty-five years. The firm has more than five hundred staff and offices in Boston, Chicago, London, Los Angeles, Menlo Park, New York, San Francisco, and Washington.www.cornerstone.com