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SHENZHEN, China, Jan. 27, 2021 /PRNewswire=KYODO JBN/ --

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: http://asianetnews.net/view-attachment?attach-id=383044

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

policy-making