TCSA's Solution Won Wide Recognition at Central Banking Data Management Webinar

SHENZHEN,China,Jan. 27,2021 -- 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 globalwebinaronimprovingcentral bank data management hosted by Central Banking,the authoritative journal in the central banking world,on January 21st,2021.

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

Over 100 financial experts and high-ranking central bank officialsattended the webinar and raised constructive questionsto 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 recognitionnotonlyfromcentral bankersbut alsotheirfinancial counterparts.

During the webinar,Mr. Howard Chang,the VPof Global Affairs at TCSA,investigatedthe 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 inamong major currencies. Especially since the profound aftermath of the 2008 global financial crisis and the current Covid-19 pandemic,Mr.HowardChang indicated thatcentral banks ought to step up and play an essential role in the new eraof data-driven policymaking.

According to Mr. Chang,the National Data Brainorganizes data into a standardized package,whichhelpssynchronize,aggregateand process massive amounts of data nationwide. Furthermore,the National Data Brain is builtupon 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 highlyof the concepts behindTCSA's National Data Brain,especially regarding national-scale data collection and standardization,as well asthe importance ofdata 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 greatreputation among global central banks and financial institutionsin delivering real-time information and in-depth analysisin the domain. Publication and commentaries on its website are an invaluable resource for referencesfor central banks and monetary authorities.About TCSA: https://tcsa.cloud/