{"id":6786,"date":"2020-07-08T13:14:25","date_gmt":"2020-07-08T11:14:25","guid":{"rendered":"https:\/\/frankfurt-main-finance.com\/?p=6786"},"modified":"2020-11-12T14:08:21","modified_gmt":"2020-11-12T13:08:21","slug":"virtual-food-for-thought-with-jose-manuel-gonzalez-paramo-digital-innovation-data-in-the-financial-sector","status":"publish","type":"post","link":"https:\/\/frankfurt-main-finance.com\/en\/virtual-food-for-thought-with-jose-manuel-gonzalez-paramo-digital-innovation-data-in-the-financial-sector\/","title":{"rendered":"Virtual Food for Thought with Jos\u00e9 Manuel Gonz\u00e1lez-P\u00e1ramo \u2013 Digital Innovation &#038; Data in the Financial Sector"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Jos\u00e9 Manuel Gonz\u00e1lez-P\u00e1ramo, Chairman of the Supervisory Board of European DataWarehouse and former member of the Executive Board of the European Central Bank and former Executive Board Director, <a href=\"https:\/\/www.bbva.com\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\">Banco Bilbao Vizcaya Argentaria S.A.<\/a>, spoke about \u201cDigital Innovation and Data in the Financial Sector\u201d at the \u201cFood for Thought\u201d online event of Frankfurt Main Finance on 8 July 2020. In addition, Dr. Christian Thun, CEO <a href=\"https:\/\/eurodw.eu\/\" target=\"_blank\" rel=\"noreferrer noopener\">European DataWarehouse<\/a>, gave a brief insight into the monitoring of the impact of COVID-19.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"wp-block-paragraph\">Mr. Gonz\u00e1lez-P\u00e1ramo\u2019s speech covered the following aspects:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Data as a clear game changer: Technologies &amp; data accelerate the transformation not only of business and finance, but also of the economy and society as a whole.<\/li><li>Five factors are currently reshaping the sector and the following three main forces are associated with it:<\/li><\/ul>\n\n\n\n<ol class=\"wp-block-list\"><li>Technology and data enablers<\/li><li>Shifting customers and needs<\/li><li>New business models<\/li><\/ol>\n\n\n\n<ul class=\"wp-block-list\"><li>Two keys for banks\u2019 to succeed: Investing in internal strengths, and understanding and managing the external environment (regulation and financial and non-financial events).<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Please find the presentation here: <a href=\"https:\/\/frankfurt-main-finance.com\/wp-content\/uploads\/2020\/07\/20200708-Frankfurt-Main-Finance_-Virtual-Food-for-Thought_Jos\u00e9-Manuel-Gonz\u00e1lez-P\u00e1ramo_Charts.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Jos\u00e9 Manuel Gonz\u00e1lez-P\u00e1ramo \u2013 Digital Innovation and Data in the Financial Sector<\/strong><\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/eurodw.eu\/\" target=\"_blank\" rel=\"noreferrer noopener\">European DataWarehouse<\/a> became operational in 2013 in the wake of the 2008 financial crisis to satisfy the need for more transparency in the securitisation market. Their loan-level data will make it possible to assess the effect of the current crisis on securitised portfolios, in a way that would not be feasible looking only at investor reports.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"tmnf_excerpt\"><p>Jos\u00e9 Manuel Gonz\u00e1lez-P\u00e1ramo, Chairman of the Supervisory Board of European DataWarehouse and former member of the Executive Board of the European Central Bank and former Executive Board Director, Banco Bilbao Vizcaya Argentaria S.A., spoke about \u201cDigital Innovation and Data in the Financial Sector\u201d at the \u201cFood for Thought\u201d online event of Frankfurt Main Finance on &hellip;<\/p>\n<\/div>","protected":false},"author":7,"featured_media":6787,"comment_status":"closed","ping_status":"open","sticky":false,"template":"template-fullwidth.php","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[242,200],"tags":[256,257,342,258],"class_list":["post-6786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events","category-member","tag-data","tag-digital-innovation","tag-edw","tag-european-datawarehouse"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/frankfurt-main-finance.com\/en\/wp-json\/wp\/v2\/posts\/6786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/frankfurt-main-finance.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/frankfurt-main-finance.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/frankfurt-main-finance.com\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/frankfurt-main-finance.com\/en\/wp-json\/wp\/v2\/comments?post=6786"}],"version-history":[{"count":0,"href":"https:\/\/frankfurt-main-finance.com\/en\/wp-json\/wp\/v2\/posts\/6786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/frankfurt-main-finance.com\/en\/wp-json\/wp\/v2\/media\/6787"}],"wp:attachment":[{"href":"https:\/\/frankfurt-main-finance.com\/en\/wp-json\/wp\/v2\/media?parent=6786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/frankfurt-main-finance.com\/en\/wp-json\/wp\/v2\/categories?post=6786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/frankfurt-main-finance.com\/en\/wp-json\/wp\/v2\/tags?post=6786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}