Country for PR: China
Contributor: PR Newswire Asia (China)
Thursday, January 28 2021 - 00:56
AsiaNet
TCSA's Solution Won Wide Recognition at Central Banking Data Management Webinar
SHENZHEN, China, Jan. 27, 2021 /PRNewswire-AsiaNet/ --

Thousand Cities Strategic Algorithms Cloud Technology (TCSA), an international 
consultancy specialized in serving governments and central banks in the 
digitalization of national economic governance, participated as a key panelist 
in the global webinar on improving central bank data management hosted by 
Central Banking, the authoritative journal in the central banking world, on 
January 21st, 2021. 

Over 100 financial experts and high-ranking central bank officials attended the 
webinar and raised constructive questions to the panelists. Together with 
experts from the European Central Bank (ECB) and Bank of Canada, TCSA shared 
unique insights on data management and unveiled an innovative solution – the 
National Data Brain, which won recognition not only from central bankers but 
also their financial counterparts. 

During the webinar, Mr. Howard Chang, the VP of Global Affairs at TCSA, 
investigated the problems standing in the way of international economic 
development, including the diminishing efficacy of monetary policies worldwide 
as well as the lack of hard value anchor in among major currencies. Especially 
since the profound aftermath of the 2008 global financial crisis and the 
current Covid-19 pandemic, Mr. Howard Chang indicated that central banks ought 
to step up and play an essential role in the new era of data-driven 
policymaking.

According to Mr. Chang, the National Data Brain organizes data into a 
standardized package, which helps synchronize, aggregate and process massive 
amounts of data nationwide. Furthermore, the National Data Brain is built upon 
the existing central bank systems, enabling the real-time collection of the 
most ubiquitous source of information - monetary transaction data. 

Mr. Per Nymand Anderson from ECB and experts from other financial authorities 
spoke highly of the concepts behind TCSA's National Data Brain, especially 
regarding national-scale data collection and standardization, as well as the 
importance of data integration in dealing with existing data silos. Various 
central bank representatives attending the webinar also raised diverse 
questions towards TCSA's solution, asked for detailed information, and proposed 
their intention for further discussion and collaboration after the meeting. 

As the leading information source of the banking industry, Central Banking has 
a great reputation among global central banks and financial institutions in 
delivering real-time information and in-depth analysis in the domain. 
Publication and commentaries on its website are an invaluable resource for 
references for central banks and monetary authorities. About TCSA: 
https://tcsa.cloud/ 

Source: TCSA


Image Attachments Links:

   Link: https://iop.asianetnews.net/view-attachment?attach-id=383044

   Caption: Mr. Howard Chang speaking at Central Banking webinar on data-driven 
policy-making

Attachments
photo.jpg
Translations

Japanese