2023-10-06 16:08:43
One Febraban Banking Technology Survey brought relevant figures on the use of technological solutions in data processing by Brazilian banks. With the participation of sixteen institutions, the survey showed that the sector’s investment in information technology (IT) in 2022 was R$34.9 billion.
Also according to the Febraban publication, the banking sector is, among the private sectors, the one that invests the most in technology, both in Brazil and in the world. The use of Artificial Intelligence (AI), for example, was highlighted by the study as one of the priority technologies in the IT area of banks, being used in various services such as cybersecurity, facial biometrics and chatbots, among others.
Cybersecurity was one of the investment destinations that the study evaluated in more detail, interviewing sector professionals regarding the use of new technologies in data processing in this area. According to the survey, banks’ expenses on training IT professionals for cybersecurity more than doubled between 2021 and 2022, going from R$6.4 million to R$14.2 million.
Investment in technology is not exclusive to large banks. The financial sector, in general, works with large volumes of data to meet customer needs, explains specialist Guilherme Mendonça, managing partner of Hectare Capital, a financial asset manager. “Access to a massive volume of data enables a more accurate understanding of the market. Data science helps in processing and extracting the most relevant information, generating intelligence and bringing more agility to managers’ daily lives”, details Mendonça.
Data Science and technological innovations
Data science, or data science, involves analyzing a large number of data and information and benefits from technological solutions such as those mentioned by the institutions participating in the Febraban study. “In the case of managers, the use of tools for data analysis and processing are fundamental for the modernization of areas such as portfolio management, risk management and trading, allowing the analysis of large sets of data in greater depth and in less time” , explains Mendonça. “It is important to remember that they make everyday life easier, but they do not replace the role of an experienced manager with market knowledge, capable of correctly reading this data”, she reinforces.
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