Solutions
Unleash the power of Data with Data Advisory services from Ikigai Digital
Oct 25, 2023
5 min read
TL;DR
In today's dynamic, tech-driven and constantly evolving financial landscape, digital banks are transforming the way people experience banking and the effective use of Data is at the heart of that transformation. At Ikigai Digital, we understand the role Data plays in meeting the unique challenges and opportunities faced by new digital banks.
Our specialised Data Advisory services are designed to equip these innovative financial institutions with the data-driven strategies, tools and insights they need to succeed.
Data Advisory is at the heart of the Data Practice at Ikigai Digital, we understand the challenge of building a strong data foundation from the outset. Our team of experts work across new digital banks to formulate and deliver the Data strategies and capabilities they require to succeed.By leveraging our industry experience, best practices and knowledge of cutting-edge technologies, we enable these banks to meet regulatory requirements, make truly data-informed decisions, leverage data for exceptional customer experiences and harness the power of predictive analytics to gain a competitive advantage.
How Data Advisory Empowers New Digital Banks:
- Crafting Data Strategies: At Ikigai Digital, we recognize the importance of a well-defined data strategy. Our strategy leaders collaborate closely with digital bank to understand their goals and vision. Based on this understanding, we guide the development of bespoke data strategies aligned with their needs and ambitions.
- Ensuring Data Governance and Compliance: We take data governance seriously. Our experts help digital banks implement robust data governance frameworks, ensuring data quality, security, and adherence to industry regulations. This allows our clients to build trust with their regulators, customers and other stakeholders.
- Building Data Infrastructure: A flexible and scalable data infrastructure is essential for digital banks. We advise on the design, vendor selection and build of all aspects of Data infrastructure from data storage through real-time data pipelines and data processing to the analytical and predictive insight tools.
- Data Operating Models and Teams: People, talent and the organisational framework they operate within drives long-term success in a changing data landscape. Our advisory experience is invaluable in organising and growing the data capability from the initial data team though to a wide-spread data-literate organisation.
- Leveraging Data to Drive Success: Data is a powerful tool that can be used to drive success in all aspects of a digital bank. Our advisory expertise helps banks get the most out of their data by streamlining operations to reduce costs, gain a competitive advantage by using data to make better decisions, Improve customer satisfaction by delivering personalised experiences, and harnessing the power of predictive analytics.
The Ikigai Data Advantage
Partnering with Ikigai Digital for Data Advisory services offers new digital banks an array of invaluable benefits:
- Industry Expertise: Our team of seasoned consultants brings in-depth knowledge of the financial sector and the digital banking landscape, we have delivered data capabilities for new banks utilising new-breed banking platforms and for some of the largest traditional banks
- Tailored Solutions: We recognize that each digital bank is unique. Our engagements are custom-tailored to address the specific challenges and goals of our clients.
- Future-Ready Strategies: We stay abreast of emerging trends and technologies. By aligning our strategies with future trends, we help digital banks stay ahead of the competition.
Summary
As a new digital bank strives to make their mark in the financial industry, data-driven strategies and execution can be their key to success. At Ikigai Digital, our Data Advisory services are dedicated to empowering these banks with the strategies and capabilities they need to thrive. By collaborating with us, digital banks can embrace innovation, deliver exceptional customer experiences, and embark on a Data-led journey of growth and prosperity.
To learn more about Data advisory services from Ikigai Digital, please contact us today.
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