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In recent years, the banking industry has seen the emergence of new modes of financing, new business models, and the development of new technical innovations, all of which relies on the digital exchange of financial data.

With open banking and new legislations like Payment Services Directive Two (PSD2) in Europe and Account Aggregator in India, regulators are responding to the need for a simplified structure in which financial data can be exchanged.

In this post, I’ll explain how data virtualization can assist the banking industry in this complex setting.

Read more in https://www.datavirtualizationblog.com. Originally published on May 20, 2022.

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The Denodo Platform, based on data virtualization, enables a wide range of powerful, modern use cases, including the ability to seamlessly create a logical data warehouse. Logical data warehouses have all of the capabilities of traditional data warehouses, yet they do not require any data to be physically moved from their original location, they provide access to all data in real time, and they can accommodate a much wider variety of sources, in any format (raw, text, image, API), including cloud-based systems and Web data.

Read more in https://www.datavirtualizationblog.com. Originally published on April 13, 2022.

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LDTI is the most significant change in decades to the existing accounting requirements under US Generally Accepted Accounting Principles (USGAAP) for long duration contracts that are non-cancellable or guaranteed renewable contracts such as life insurance, disability income, long-term care, and annuities.

The ultimate objectives of this accounting standard change are to:

  • Provide a standardized framework allowing for a better comparison of risk across insurers
  • Improve the financial reporting of long-duration insurance contracts through improved information regarding the amount, timing and uncertainty of cash flows
  • Aid investors with improved information and disclosures which help to better understand the financial performance and risk of an insurance company

Read more in https://www.datavirtualizationblog.com. Originally published on March 10, 2022.

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denodo

denodo

We do #DataVirtualization We care about #AgileBI, #BigData #Analytics, #Dataservices, #DataManagement, Logical #DataWarehouse Web, #SaaS and #Cloud integration.