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Is Online Lending Ignoring Big Data Risks?

Bank Innovation

Joan Kuehl, who is the online lender’s first CIO, has extensive experience, having worked at Travelers and Bank of America — so it deserves notice when her first pronouncements Read More. Elevate Credit Inc., which is pining to get to an IPO, today announced that it hired a new chief information officer.

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The $5B Midterm Elections And The Big Costs Of Big Data

PYMNTS

But when the news broke that the Big Data consulting firm had allegedly illegally harvested the data of 87 million Facebook users to build custom voter profiles that they claimed had helped the Trump team notch the win in the 2016 presidential election, many Americans suddenly took a great deal of interest in the subject.

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Big Data: ‘Strategic Spaghetti’ For Retailers

PYMNTS

But not just any heap of data will do. It must be the right data, distilled and synthesized into something retailers can actually use to help aim their flying spaghetti. Everyone loves to talk about “Big Data,” but Jass said the biggest data in the world is of little use if merchants don’t know what to do with it.

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Big Data For Big Returns At Retailers Big And Small?

PYMNTS

Thus, in the age of Big Data, how to ensure that time and money are well-spent? For the first time, companies are getting better at measuring online-to-offline attribution — a continuum of commerce of sorts, said Jass. But reaching out involves time and money — both precious commodities. Neither is good to waste.

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Triggering (Actionable) Big Data Insight, Always In Motion

PYMNTS

We humans can’t respond to the immense amount of information that is being collected in real time, but by using Big Data analytics of data in motion, as it’s being created, this information can immediately become actionable. Big Data projects can be production-ready in as little as 60 days, he said.

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FinovateFall Day 1: APIs, Biometrics, Big Data Analytics

Bank Innovation

The technology presented ranged from the latest in biometrics, including voice and facial recognition, the latest in how to create insights for big data use–and Read More. Today FinovateFall debuted in New York, where thirty-nine fintech companies debuted their newest toys to an appreciative, fintech-hungry audience.

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Redefining banking through AI and big data

NCR

The answer comes down to understanding that AI is an umbrella name for multiple technologies built on big data and neural networks. The natural language processing system is handling over 30,000 conversations per month, satisfying over 75% of the bank’s clients, who prefer to deal with transactions in the app or online.

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