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  • © 2021

The Digital Journey of Banking and Insurance, Volume III

Data Storage, Data Processing and Data Analysis

Palgrave Macmillan
  • Gathers the most relevant methods used in the bank and insurance digitalization

  • Showcases how to deal with data and data architectures including streaming technology

  • Addresses data regulatory requirements like GDPR or data lineage

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  • ISBN: 978-3-030-78821-6
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  • Tax calculation will be finalised during checkout
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Table of contents (14 chapters)

  1. Front Matter

    Pages i-xxxi
  2. Big Data and Special Databases

    1. Front Matter

      Pages 1-3
    2. Data Lineage

      • Jens Freche, Milan den Heijer, Bastian Wormuth
      Pages 5-19
    3. Graph Databases

      • Krystyna Bajer, Anne Seidlitz, Sascha Steltgens, Bastian Wormuth
      Pages 35-49
    4. Data Tiering Options with SAP HANA and Usage in a Hadoop Scenario

      • Michael Morawski, Georg Schmidt
      Pages 51-69
  3. Streaming

    1. Front Matter

      Pages 71-72
    2. Architecture Patterns—Batch and Real-Time Capabilities

      • Dennis Kraetz, Michael Morawski
      Pages 89-104
    3. Kafka—A Practical Implementation of Intraday Liquidity Risk Management

      • Volker Liermann, Sangmeng Li, Ralph Steurer
      Pages 105-116
  4. Data: A View of Meta Aspects

    1. Front Matter

      Pages 117-118
    2. Data Sustainability—A Thorough Consideration

      • Eljar Akhgarnush
      Pages 119-129
    3. Special Data for Insurance Companies

      • Jeyakrishna Velauthapillai, Johannes Floß
      Pages 131-144
    4. Data Protection—Putting the Brakes on Digitalization Processes?

      • Marie Kristin Czwalina, Matthias Kurfels, Stefan Strube
      Pages 145-163
  5. Distributed Ledger

    1. Front Matter

      Pages 165-166
    2. Digital Identity Management—For Humans Only?

      • Matthias Kurfels, Heinrich Krebs, Fabian Bruse
      Pages 167-183
  6. Machine Learning and Deep Learning

    1. Front Matter

      Pages 185-186
    2. Methods of Machine Learning

      • Volker Liermann, Sangmeng Li
      Pages 225-238
    3. Summary

      • Volker Liermann, Claus Stegmann
      Pages 239-242

About this book

This book, the third one of three volumes, focuses on data and the actions around data, like storage and processing. The angle shifts over the volumes from a business-driven approach in “Disruption and DNA” to a strong technical focus in “Data Storage, Processing and Analysis”, leaving “Digitalization and Machine Learning Applications” with the business and technical aspects in-between. In the last volume of the series, “Data Storage, Processing and Analysis”, the shifts in the way we deal with data are addressed.

Volker Liermann, Partner at ifb group, worked in the banking industry for over two decades, primarily focusing on financial risk management. Throughout his career, he has focused on developing integrated and comprehensive frameworks to help organizations correctly project risk at a strategic and tactical line of business and departmental level. He has also focused on developing frameworks to integrate stress testing and regulatory stress tests. In recent years, his focus has shifted to digitalization, machine learning and digital processes including improvements to classical financial and non-financial risk management. He has a background in economics and a degree in mathematics from the University of Bonn.

Claus Stegmann has as Co-CEO of ifb group – an international consulting firm – acquired extensive know-how over the last three decades in the financial industry regarding finance transformation, risk management and regulatory compliance. He is intensively engaged with the current challenges of the financial industry, which result from strong changes to customer behavior, a changing competitive environment and new technologies due to digitalization. He has also co-authored books on Stress Tests in Banks, Basel III as well as Digitalization in the Finance Industry, and graduated from Business School at the University of Passau, Germany.

Keywords

  • Digitalization Strategy
  • FinTech
  • Data Infrastructures
  • Special Data for Insurance Companies
  • Intraday Liquidity Risk Management
  • Big data
  • Distributed Ledger

Reviews

“Virtually all financial institutions have embarked on ambitious digital journeys, both to provide better products and customer experience more efficiently and in response to the threat of industry disruption by FinTech competitors. There is no doubt that there will be winners, and there will be losers. I am convinced that The Digital Journey of Banking and Insurance series is indispensable reading for the future winners.” (Thomas C. Wilson, CEO, President and Country Manager at Allianz Ayudhya)

Data Storage, Processing, and Analysis, the last volume of The Digital Journey of Banking and Insurance, gives in-depth insights into technological aspects which is essential for successful digital transformation.” (Dr. Carsten Stolz, CFO Baloise Group)

“Technological aspects are essential for successful digital transformation and so I like to get in-depth insights by Data Storage, Processing, and Analysis, the last volume of The Digital Journey of Banking and Insurance.” (Gerhard Lahner, COO of Vienna Insurance Group)

“We do remember when we started our digital journey, but we do not know when it will be over. Therefore, we are definitely in the middle. The book series The Digital Journey of Banking and Insurance is a must-read for of all of us.” (Christian Peter Kromann, CEO, SimCorp)

“Although the subjects described in this book are technical, the authors find a way to explain them in a comprehensible way. An up-to-date book for this subject.” (Bernhard Hodler, Former CEO Julius Baer Group)

Editors and Affiliations

  • ifb SE, Grünwald, Germany

    Volker Liermann

  • ifb Americas, Inc., Charlotte, USA

    Claus Stegmann

About the editors

Volker Liermann, Partner at ifb group, worked in the banking industry for over two decades, primarily focusing on financial risk management. Throughout his career, he has focused on developing integrated and comprehensive frameworks to help organizations correctly project risk at a strategic and tactical line of business and departmental level. He has also focused on developing frameworks to integrate stress testing and regulatory stress tests. In recent years, his focus has shifted to digitalization, machine learning and digital processes including improvements to classical financial and non-financial risk management. He has a background in economics and a degree in mathematics from the University of Bonn.

Claus Stegmann has as Co-CEO of ifb group – an international consulting firm – acquired extensive know-how over the last three decades in the financial industry regarding finance transformation, risk management and regulatory compliance. He is intensively engaged with the current challenges of the financial industry, which result from strong changes to customer behavior, a changing competitive environment and new technologies due to digitalization. He has also co-authored books on Stress Tests in Banks, Basel III as well as Digitalization in the Finance Industry, and graduated from Business School at the University of Passau, Germany.

Bibliographic Information

  • Book Title: The Digital Journey of Banking and Insurance, Volume III

  • Book Subtitle: Data Storage, Data Processing and Data Analysis

  • Editors: Volker Liermann, Claus Stegmann

  • DOI: https://doi.org/10.1007/978-3-030-78821-6

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021

  • Hardcover ISBN: 978-3-030-78820-9

  • eBook ISBN: 978-3-030-78821-6

  • Edition Number: 1

  • Number of Pages: XXXI, 256

  • Number of Illustrations: 5 b/w illustrations, 91 illustrations in colour

  • Topics: Financial Technology and Innovation, Financial Services

Buying options

eBook USD 69.99
Price excludes VAT (USA)
  • ISBN: 978-3-030-78821-6
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book USD 69.99
Price excludes VAT (USA)
This title has not yet been released. You will be able to pre-order it soon.
Hardcover Book USD 89.99
Price excludes VAT (USA)