Asia Awards 2021: Best alternative data initiative—Standard Chartered Bank

Taking the plaudits in the new best alternative data initiative category is Standard Chartered Bank. The bank’s success is thanks to its in-house developed tool, Rapid-G, which enables synthetic data generation at scale and speed.

Generation of meaningful data is essential for carrying out high-quality testing, such as volume and stress testing and the higher the quality of the testing, the lower the likelihood of data-related issues in production. Historically, the generation of such huge