12 episodes

Find out how decision makers are using data analytics to turn insights into action.

RMB’s Head of Data Analytics, Matthew Bernath, talks to business leaders across sectors to explore how data analytics is being used to take the guess work out of decision making.

Data Analytics with Matthew Bernath Rand Merchant Bank

    • Business

Find out how decision makers are using data analytics to turn insights into action.

RMB’s Head of Data Analytics, Matthew Bernath, talks to business leaders across sectors to explore how data analytics is being used to take the guess work out of decision making.

    E12 - Risk Analytics in Data - Lytania Johnson, Chief Risk Officer at FNB

    E12 - Risk Analytics in Data - Lytania Johnson, Chief Risk Officer at FNB

    In today’s episode of the podcast series, we are joined by FNB’s Chief Risk Officer, Lytania Johnson. Data is a key component in the risk landscape, from basic risk assessment to new technologies such as AI and machine learning.

    Risk is considered from two angles – how to use data and analytics to inform better risk management, and the business of risk – making sure that the risk function itself becomes future-enabled to achieve efficiency.

    In a retail and commercial bank such as FNB, credit risk is of utmost importance. Data is well entrenched in the retail business where it is used to build appropriate scorecards to identify the right customers at the right affordability level.

    In the lower end of the commercial segment, data is used to drive scorecard development for customers, and in an environment with turnovers of up to R60 million, is key to decision making.

    Covid-19 highlighted the importance of using broader data points to understand the risk of your customers. The various levels of lockdown identified a key data point that is often underestimated – industry risk.

    In the FNB environment, you can link a retail customer to an entity that they operate in, bringing together the commercial data and retail credit data to understand income risk volatility. An opportunity has also been identified where data and analytics can be used to make risk processes more efficient, and secondly, if AI and machine learning can be used to connect the data insights and develop client desirability synopsis forms, this frees up your risk professionals to do the judgmental work and assess the outcome.

    What about global trends such as ESG and financial crime? Data and analytics can definitely play a part in informing financial crime in the broader sense. This is not just about anti-money laundering, it’s about truly understanding a client and their financial activity within the bank.

    Data can also be used to see where there are opportunities to support customers who wish to transition into climate-friendly industries and to provide products and solutions that align with what you want to achieve in terms of climate risk management.

    Looking ahead, Lytania believes that the nature of a risk professional is going to change and will require a better overall understanding of data literacy. She also feels it is important to realise that the risk profile is going to evolve, and the risk function itself will call for a lot more platform-based risk management thinking, with data analytics at the very core of it.

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    • 10 min
    E11 - Understanding Market Industries with Data Analytics - Christoph Nieuwoudt, Chief Data and Analytics Officer at FirstRand

    E11 - Understanding Market Industries with Data Analytics - Christoph Nieuwoudt, Chief Data and Analytics Officer at FirstRand

    In this episode we are joined by Chief Data and Analytics Officer at FirstRand, Christoph Nieuwoudt. The Group has an extraordinary amount of in-depth insights and data available that clients wouldn’t have access to anywhere else. Whether you’re serving a customer from a transactional point of view or doing investment banking deals for customers from a credit point of view, Christoph feels that they should now be able to ask customers a lot less questions, and instead give them valuable insights into their business. From retailers to any consumer-facing organisation, he believes that even big tech brands don’t have the kind of in-depth understanding of customer profiles that the Group has readily available. Please enjoy the conversation and subscribe for more.

     

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    • 10 min
    E10 - With its undeniable value, is data the new currency? - Ryan Prozesky, Chief Data and Analytics Officer at FNB

    E10 - With its undeniable value, is data the new currency? - Ryan Prozesky, Chief Data and Analytics Officer at FNB

    n this episode we are joined by Chief Data and Analytics Officer at FNB Ryan Prozesky, who believes that data is the new currency — key in every organisation and used to inform almost every business decision. Data allows you to make your solutions more relevant and improve your customer experience. You can tailor the interaction and experience to be very specific and efficient, and the more data you have, the less questions need to be asked. Please enjoy the conversation and subscribe for more.

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    • 17 min
    E8 - The future of data in finance - Jaco Van Wyk, CFO of RMB & Markos Davias, CFO of FNB

    E8 - The future of data in finance - Jaco Van Wyk, CFO of RMB & Markos Davias, CFO of FNB

    In this episode we are joined by RMB CFO Jaco Van Wyk and FNB CFO Markos Daviasto explore data in finance. Finance skillsets are evolving, and the Chartered Accountants of the past need to understand some of the core data analytics skillsets going into the future, to get an edge and get ahead in the race. Data architecture is critical, and something that finance departments are not very adept at, instead throwing lots of people into the mix to find solutions in a structured manner for regulations and accounting standards etc. But what is really required is for the flow of data to be managed more thoroughly through systems and processes, allowing many more resources to have access to it. Unstructured data needs to be invested in more, and finance needs to start bridging the gap to yield the benefits, particularly if it can be augmented with client and business data to geta holistic picture of customers. Please enjoy the conversation and subscribe for more.

     

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    • 20 min
    E7 - An optimistic approach to investment banking - Emrie Brown, Head of Investment Banking at RMB

    E7 - An optimistic approach to investment banking - Emrie Brown, Head of Investment Banking at RMB

    As Head of the Banking Division and Investment Bank at RMB, Emrie believes that data analytics is an opportunity to engage with their clients, become their trusted advisers and offer them a different perspective on their business. RMB clients should see data analytics as a unique offering to them and something that’s not available to all corporates. It can allow them to get a better understanding of their industries and through this engagement RMB can also unlock new business opportunities, making it a win-win situation for both parties. Please enjoy the conversation and subscribe for more.

     

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    • 7 min
    E6 - En route to cost-effective healthcare - Vukosi Sambo, Head of Data Solutions at Medscheme

    E6 - En route to cost-effective healthcare - Vukosi Sambo, Head of Data Solutions at Medscheme

    Head of Data Solutions at Medscheme Vukosi Sambo, joins us on this episode of the podcast series. The South African healthcare space has ever-increasing costs and high unaffordability where it outplays inflation and wages year-on-year. Only 8-million out of 59-million people are on medical aid, putting an immense burden on the state in terms of providing for the rest of the population. It is critical to contain this unsustainable situation of rising costs that is leading to unattainable private healthcare in Southern Africa. Please enjoy the conversation and subscribe for more.

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    • 9 min

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