Data governance session: Balancing data potential with privacy protection

Plenary

The cost of data security, data governance and data protection is high. So, what does it mean to achieve the full potential of data as a new "oil"? 

A lively conversation during the 2019 Global SME Finance Forum in Amsterdam, between a commercial bank, a regulator and an alternative lender as they explore the tradeoffs between data privacy/consumer protection/cybersecurity and the potential of data in advancing innovation to enhance access to finance for MSMEs.

 

 

On SME Governance

At our last webinar of 2019, two experts from the IFC and Business Partners, Ltd., shared good SME governance tools and best practice approaches to overcome challenges for small businesses in implementing good governance.  Read more >

  • Momina Aijazuddin, IFC

    What kind of data is critical to get on customers to make lending decisions? There are unintended consequences of certain types of data that can affect people's lives.

     

  • Matthias Kröner, Serial Entrepreneur in Banking

    Is the amount of Non Performing Loan decreasing since we use data?

  • Justo A. Ortiz, Chairman, Union Bank of the Philippines

    Data is getting hacked and stolen everyday. At what point do you erode trust in the data?

  • Tony Hadley, Experian

    Organizations as part of data governance program need data governance model. That model needs to be validated and shared with regulators.

  • Gina Taylor Cotter, American Express

    Asking regulators to have a framework that is set for all constituents. They need to create a level playing field so that everyone can innovate and create value for customers.

  • Lesly Goh, World Bank

    Doing compliance is expensive but doing so proactively is important.

Attachments
Lesly Goh Presentation