How Can Corporate Markets Overcome Data Challenges to Drive Smarter Financial Decisions? | Secure Trust Bank’s Managing Director, James Hodkinson

The use of data is transforming how financial decisions are made, but there’s a clear divide between the consumer and corporate markets. In this video, we explore how the consumer market is far ahead in utilizing data for decision-making, especially in high-volume, low-value scenarios. Consumer lending relies heavily on data-driven algorithms to shape entire lending policies, making the process more efficient and automated.

On the other hand, the corporate market operates in a low-volume, high-value environment, where the data needed is far more complex and individualized. Banks must navigate a variety of accounting systems and formats to gather useful insights, making it harder to create streamlined, data-driven decision-making processes. The challenge, as experts highlight, is to find ways to standardize and structure this data to make it usable and actionable for banks.

As the corporate market catches up, the key challenge is clear: how can data be extracted and formatted in a way that makes decision-making more efficient? This video dives into the hurdles and potential solutions for standardizing corporate data to unlock better insights and smarter financial decisions.