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MAS to push banks, insurers for more data labs

"While technology has significantly reduced the unit costs of data gathering, it has ironically also raised the potential total cost of data by opening more possibilities for data mining and analysis." - Mr Menon


THE Monetary Authority of Singapore (MAS) will work with several other banks and insurers on plans to establish and expand their data analytics and innovation teams in Singapore, said its managing director Ravi Menon on Thursday.

Speaking at the Sibos 2015 conference, he