Washington D.C. – Starling’s Founder and CEO, Stephen Scott, will speak at the Milken Institute Global Conference during a session entitled, “Big Data: The Next Frontier in Risk Management.” The Milken Global Conference, which attracts 3,500 attendees from over 60 countries, brings together the leading minds in business, government, technology, philanthropy, academia, and media to find actionable, collaborative solutions to some of the most important questions of our time.
The panel overview is as follows: Human bias is a notorious hindrance to effective risk management, and humans have long relied on machines to help them compensate for these errors. In particular, algorithmic, rules-based decision-making has done much to limit human bias in risk analysis. Machine learning is now lifting this work to the next level by uncovering trends and correlations heretofore unknown — and unknowable — and by enabling real-time access to high-frequency data. CEOs from innovative big data companies will reveal some of the most exciting new discoveries and applications of this sophisticated technology.
Moderated by Staci Warden, Executive Director of the Milken Institute’s Center for Financial Markets, the panel session will also include Eduardo Cabrera, Chief Cybersecurity Officer of Trend Micro, Stuart Jones, Jr., CEO of Sigma Ratings, Mark Rosenberg, CEO & Co-founder of GeoQuant, and Emily Putnam-Hornstein, Associate Professor of Social Work at the University of Southern California. The panel convenes on Wednesday May 2 from 11:15 am to 12:15 pm PDT.
“I’m was delighted to be invited to participate in the Milken Global Conference,” Stephen Scott commented. “It is a real privilege to share Starling’s innovative technology and insights with such a distinguished group of attendees, and particularly the CEOs and others who work with the banks that Starling serves. We look forward to continued engagement with the Milken Institute.”
This session at Milken Conference is especially timely for Starling – as the company has focused on the use of big data and behavioral science to improve risk management. Last month, Starling highlighted these themes in a report detailing the global regulatory response to culture and conduct risk in the banking sector. The report, Culture & Conduct Risk in the Banking Sector, provides a compendium of views among bank regulators, in all major financial markets, as to how firm culture directly shapes employee conduct and business outcomes, and what bank leaders must consider when addressing conduct risk.
Starling is an applied behavioral sciences company using machine learning and network science to build what it calls “augmented management intelligence” tools. Its Predictive Behavioral Analytics technology reveals the performance impact of relational trust dynamics within organizations. Based on this data, Starling’s proprietary algorithms generate actionable insights, displayed through intuitive and customizable dashboards, enabling business leaders to drive improved performance and desired culture – and to identify and mitigate behavior-related risks before they are permitted to cascade into crises.
ABOUT THE MILKEN INSTITUTE
The Milken Institute is a nonprofit, nonpartisan think tank determined to increase global prosperity by advancing collaborative solutions that widen access to capital, create jobs and improve health. It does this through independent, data-driven research, action-oriented meetings, and meaningful policy initiatives.