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The big data boom – what it means for banking

NCR

Big data has been one of the tech industry’s most popular buzzwords for a few years now. But as the number of data sources grows and technology to process it becomes more powerful, the trend is changing from a nice-to-have addition to becoming an essential part of any company’s offering. Fighting fraud.

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The Taming Of The Slew (Of Data, That Is)

PYMNTS

Big Data can present big rewards or big headaches for retailers. A recent whitepaper by Synchrony Financial titled “Taming Big Data” found that efficient, targeted data collection can result in customized experience, which, in turn, leads to a better return on investment.

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Shattering Merchants’ Information Silos In The Fight Against Fraud

PYMNTS

As a result, fraud management in retailing may not be as well-informed as it could be when it comes to detecting and preventing fraud, while at the same time promoting an optimal customer experience. They are trying to get an integrated data solution so they can view and understand their customer base.”.

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What does next generation distribution mean for banks?

NCR

One of the key questions for financial institutions (FIs) this year will be how they respond to the changing expectations of their customers when it comes to interacting with their banks. Big data analytics also needs to play a key role in this, as it will help banks develop a greater understanding of their customers’ journeys.

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The Layered Approach To Consumer Authentication

PYMNTS

In fact, the average loss of a single fraudulent “new” online bank account in the U.S. And they’re doing so by using authentication processing that relies on the rapidly growing available spectrum of big data: AKA the “digital fingerprint” of a consumer. Which comes back to how data is being managed.

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SourceMedia’s Small Business Banking Conference Show – No Shortage of Innovation

William Mills

Customer experience, automation, machine learning, artificial intelligence (AI), ease of use, flexibility – all of these were part of the discussions at this year’s SourceMedia’s Small Business Banking Conference in Austin, Texas. Baker Hill. www.bakerhill.com. AI Foundry. www.aifoundry.com. RCGILTNER Services, Inc. www.rcgiltner.com.

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FinovateFall 2018 Live Blog – Day 2

William Mills

However, they see their main value as helping to improve customer experience. ^SR Cashoff enhances customer engagement with its loyalty program offering cash back by big-name brands. The product is addressing the time-intensive process of gathering background data on muni bonds. ^SR. 09:34 am Cashoff.

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