Santiago Castro, Chief Data Officer, FBN, Gudron van der Wal, Senior Manager Digital Transformation and Industries, Oracle and Yusef Khan, Head of Data Servies, Io-Tahoe joined theCUBE's Lisa Martin at Io-Tahoe Adaptive Data Governance. #theCUBE #IoTahoe https://siliconangle.com/2020/12/10/automation-boosts-data-governance-for-financial-industry-through-combined-io-tahoe-and-oracle-solution-dataautomated/ Helping a bank transform The First Bank of Nigeria UK facilitates trade between Europe and Africa, and it has embarked on its own digital transformation. Working with Io-Tahoe and Oracle Corp., FBN revamped its online banking system and launched a mobile application for customers. That initiative required close attention to meeting international regulatory requirements that are an integral part of the financial world. It was also an opportunity for FBN to rediscover and learn from the data it had previously acquired. “The new technologies allowed us to discover the data in a new way, to quickly see the information, to have new models of governing the data and giving autonomy to our different data units,” said FBN’s Castro. “From that autonomy they then can compose and innovate in their own way.” The bank’s transformation underscored the role of automation in driving data governance. Among the solutions FBN introduced, credit automation and machine learning proved to be key in improving operational efficiency. “We’ve worked with government departments, and the issues there are fragmented data, a lot of different sources, different formats, and without these newer technologies to address it with automation and machine learning, the project isn’t doable,” Khan said. “But now it is, and that could lead to a revolution in some of these businesses. Castro and the team at First Bank of Nigeria are a great example of embracing it, testing it on a small scale and then scaling up.”