When businesses plan to start incorporating machine learning to enhance their solutions, they more often than not think that it is mostly about algorithms and analytics. Most of the blogs/training on the matter also only talk about taking fixed format files, training models and printing the result. Naturally, businesses tend to think that hiring good data scientists should get the job done. What they often fail to appreciate is that it is also a good old system and data engineering problem, with the data models and algorithms sitting at the core.
About a few years ago, at an organisation I…
Modern Banking is just no more limited to Customers opening and operating an account. They expect their bank to give them solutions to everyday problems like managing savings, advice on their spends, guide them to better returns, split bills while dining out with friends. Similarly, corporate world needs proper solutions attuned to their business world. Moreover there are a host of financial service providers who need specific solutions from their bank to power up their business. This means that the Bank has to build and offer varied business solutions catering to various business sectors.
The biggest catch here is the…
