Lee Easton, President of iDentify, shares his journey from the world of drones to helping financial institutions make sense of their data. He discusses the key data issues that banks are trying to solve, such as transaction monitoring and reconciliation. Lee also talks about the potential of cloud infrastructure and tools like Snowflake in improving data management in the banking industry. He envisions a future where major core providers are on Snowflake or similar platforms, enabling real-time data sharing and improving operations.
Takeaways
- iDentify helps financial institutions solve key data issues such as transaction monitoring and reconciliation.
- Cloud infrastructure and tools like Snowflake can improve data management in the banking industry.
- Real-time data sharing can enhance fraud detection and risk management in banks.
- Moving away from file-based data exchange can reduce operational failures and improve efficiency.
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