BankInovation

SEPTEMBER 26, 2023

Financial institutions can look to data analytics technology to better understand customer sentiment so they can drive organizational change.

Analytics 74

Analytics Data Technology Retail 74

BankInovation

SEPTEMBER 30, 2021

billion Toronto-based bank will now leverage the tech giant’s data analytics and artificial intelligence (AI) capabilities to grow its scale and computing power, Grace Lee, Scotiabank’s global chief analytics officer, told Bank Automation News. While Google works with […].

Google 97

Google Analytics Strategy Data 97

PYMNTS

APRIL 30, 2020

CUs that are adapting to an online-only banking reality thus also have to keep an eye out for more fraud schemes and are turning to technologies such as machine learning (ML) and data analytics to keep online data and transactions as secure as possible. Deep Dive: Emerging CU Fraud Threats And How Data Analytics Can Help.

Data 188

Data Meeting Arizona Analytics 188

South State Correspondent

APRIL 4, 2024

The Federal debt is already impacting banking. Cyclical changes and their impact on the economy dominate the news and the attention of corporate boardrooms because they are immediate and need to be addressed in real-time. Federal Debt – Impact Banking The path of the federal debt is already changing economic and public dynamics.

Risk Management 195

Risk Management Community Bank Policies Community 195

BankInovation

MARCH 23, 2021

The cloud-based data platform Aunalytics is targeting mid-sized banks and credit unions with a new solution that automates big data analytics and management.

Analytics 98

Analytics Data Big Data Management 98

PYMNTS

DECEMBER 16, 2020

With a historical bank of data, we’re able to adjust our pricing architecture and thus refine our assortment.”. The EDITED platform harnesses complex analytics, artificial intelligence (AI) and picture and text recognition to better understand pricing, promotions and trends within the clothing, homeware and beauty verticals.

Groups 157

Groups Retail Analytics Branding 157

PYMNTS

JUNE 26, 2020

In today’s top news, Peter Hazlehurst, head of Uber Money, has resigned, and Brussels will investigate Germany’s financial regulatory authority over failing to supervise Wirecard. billion that it said it deposited in two banks in the Philippines. WhatsApp, Brazil Central Bank in Talks to Restore Payments Service.

Regulation 249

Regulation Payments California Maine 249

Insights on Business

JUNE 18, 2019

In this series of blogs, we will focus on four transformative technologies with emerging risk applications that can help banks and financial institutions grow profitability and protect the enterprise. Big data, advanced analytics and aggregation, cloud and AI. In this edition, read how these tools are being deployed now.

Risk Management 185

Risk Management Technology Management Big Data 185

BankInovation

JULY 28, 2023

Bank Automation News and banking data and analytics platform FI Navigator have released the latest ranking of the top five most innovative financial institutions.

Innovation 52

Innovation Analytics Data America 52

PYMNTS

FEBRUARY 7, 2020

Bank of America can now integrate data from key third-party business applications on its Business Advantage 360 platform to offer a more complete financial picture for small businesses, according to an announcement. The news comes on the first anniversary of the rollout of Business Advantage 360.

America 160

America Google Analytics California 160

PYMNTS

APRIL 23, 2020

One bank working to ensure its in-branch systems match its online capabilities is Cleveland, Ohio-based KeyBank , which operates 1,197 branches across the country and handles more than $137 billion in assets. Harnessing data in this way is common in the banking industry, with 59.3 Knowing the Customer.

System 226

System Digital Banking Guidelines Online 226

Gonzobanker

AUGUST 11, 2020

OnDeck’s fire sale aside, recent deals at nCino, Black Knight and Ellie Mae are a shot in the arm to a market in need of some good news. 2020 is the wildest downward ride in the market since 1929, which, one would think, is taking its toll on the fintech ecosystem serving banks and credit unions. and Thomas H. or 16X revenue.

Lending 158

Lending Fintech Analytics UX 158

Perficient

DECEMBER 2, 2020

“Having a Balance With a Bank Doesn’t Make You a Customer.”. Our financial services team recently spoke with the great Jim Marous, the co-publisher of The Financial Brand and the publisher of the Digital Banking Report. Having a balance with a bank doesn’t make you a customer.” But are you an ideal customer? That’s incredible!

Data 294

Data Customer Experience Case Study Branding 294

PYMNTS

JUNE 26, 2019

MX, a Utah-based technology startup offering a data cleansing and analytics platform for the finance sector, has just announced a $100 million investment. The company has evolved to focus on financial data, particularly as financial institutions struggle to cleanse and normalize data to be analyzed properly.

Analytics 100

Analytics Data Utah Trends 100

PYMNTS

MARCH 23, 2020

” SMB loan underwriting is complex, and with greater opportunity to wield alternative data to mitigate risk, lenders can also face the challenge of understanding how to collect information, how much weight to give it, and how to analyze that data in the context of broader economic trends. From Bank Accounts To LinkedIn Profiles.

Lending 188

Lending Data Analysis Tools 188

BankInovation

APRIL 19, 2021

Bot attacks increased by about 100 million last year, Kimberly Sutherland, vice president of fraud and identity strategy for data analytics company LexisNexis Risk Solutions, tells Bank Automation News in this episode of The Buzz. Automated bot cyberattacks are on the rise, while human-initiated attacks are down.

Comparison 81

Comparison US Analytics Fraud 81

BankInovation

AUGUST 3, 2022

The following banks and credit unions in June selected Mobiliti from Fiserv’s mobile banking platform, according to a report provided to Bank Automation News by banking data and analytics platform FI Navigator: $18.9 million Blue Water Federal Credit Union, based in Port Huron, Mich.;

Mobile 52

Mobile Analytics Data Report 52

PYMNTS

OCTOBER 18, 2017

But a new solution from Bank of America Merrill Lynch is looking to make better use of the notoriously manual tool. The financial institution (FI) announced news on Tuesday (Oct. The solution can automatically collect data from CashPro Online and display it into configurable spreadsheets, Bank of America said.

America 179

America Analytics Tools Management 179

Chris Skinner

JUNE 17, 2017

Flicking between Facebook apps, twitter, bank account, BBC news and more. Suddenly I spot a new ICO – Initial Coin Offering – for a new bank. It made me pause for reflection, as I’ve been talking about analytics for trading for a long, long time. Twenty years ago in fact.

Analytics 171

Analytics New York Fintech Maine 171

Gonzobanker

AUGUST 31, 2021

News of waiving overdraft fees may sound like a big win for consumers. For an America that’s benefited from more than $5 trillion of stimulus money, news of waiving overdraft fees may sound like another big win for the consumer. Non-Interest Income’s Impact to the Consumer Banking Model.

Strategy 147

Strategy Analytics Retail Mobile 147

PYMNTS

AUGUST 24, 2020

Businesses and consumers alike are increasingly tapping new digital offerings for their financial needs as the ongoing COVID-19 pandemic shifts banking practices. Moving to cloud-supported infrastructure is one way these banks could shore up their products and keep customer interactions seamless. Around The Cloud Banking World.

Digital Banking 226

Digital Banking Software System Innovation 226

PYMNTS

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. Developments From Around The World Of Digital-First Banking. Developments From Around The World Of Digital-First Banking.

Analytics 266

Analytics Fraud ATM Report 266

PYMNTS

JUNE 23, 2020

It appears that neither auditors nor regulators were effective here,” Scholz told the news service. “(It) Once considered one of the most promising tech firms in Europe, Wirecard processes payments and sells data analytics services. There is a prevailing likelihood that the bank trust account balances in the amount of 1.9

Regulation 221

Regulation Analytics Report Payments 221

PYMNTS

OCTOBER 9, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Reserve Bank of India (RBI) data that indicates a spike in Unified Payments Interface (UPI) transactions. The news comes as Paytm reported 137 million transactions through UPI, or 20 percent of its transactions.

Payments 145

Payments Cards Analytics Retail 145

Abrigo

MARCH 6, 2017

The ABA has a new report out on how banks are using social media, and much of the report focuses on using Twitter, Facebook, LinkedIn and the like to boost customer service, make connections in the community and recruit staff. His recent research reports have covered SMB lending, alternative lenders and automating commercial lending.

social media 150

social media Lending Community Community Bank 150

PYMNTS

JANUARY 23, 2020

MUFG Union Bank is now offering business customers real-time payments on The Clearing House (TCH) RTP network, MUFG announced on Thursday (Jan. MUFG Union Bank is committed to supporting our clients’ movement toward real-time payments in the United States to enhance their experience.”. in over 40 years, the release noted.

Payments 141

Payments Fraud United States Analytics 141

PYMNTS

JANUARY 18, 2021

In today’s top news, Biden is bringing in the FTC’s Rohit Chopra to lead the CFPB, and Jet.com Founder Marc Lore is retiring from Walmart. Plus, big banks’ Q4 earnings showed that the pandemic’s impact on critical lending and spending wasn’t as bad as first feared. Q4 Earnings Show Big Banks Fared OK in 2020.

Payments 146

Payments Regulation Analytics Groups 146

PYMNTS

SEPTEMBER 23, 2020

Financial crime is a pervasive threat to banks, credit unions, FinTechs and other financial institutions (FIs) the world over. There were 223,163 cases of identity theft that year across all generations, with 42 percent of them consisting of bank and credit card fraud. British banks spend upward of £6.7 billion ($8.9

Technology 208

Technology Report Fraud Study 208

PYMNTS

FEBRUARY 28, 2020

The banking industry is undergoing a sea change in the new decade, with online and mobile banking growing ever more popular among customers, and challenger banks and FinTechs disrupt the market with new technologies. Developments From Around The World Of Digital-first Banking.

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ATM Study Analytics Meeting 159

PYMNTS

OCTOBER 18, 2017

That’s why some credit unions are embracing the market’s “mom and pop” legacy and emphasizing their ability to offer the type of personalized member services that rival banks and FinTechs struggle to deliver. News from the credit union market. Find more recent notable CU headlines inside the Tracker’s News and Trends section.

Trends 145

Trends Tennessee Analytics Marketing 145

Celent Banking

NOVEMBER 20, 2014

Using analytics in decision-making requires banks to think more like musicians. ” Yours truly as quoted by Penny Crossman, Bank Technology News, 19 November 2014. As it relates to becoming a data-driven organization, banks need to learn how to be good at both using the GPS and at improvising – with discernment.

Analytics 169

Analytics Innovation Data Technology 169

PYMNTS

FEBRUARY 26, 2020

Another perennial challenge the industry faces is the ever-looming threat of data breaches. One recent collaboration came from Texas-based Randolph-Brooks Federal Credit Union (RBFCU), which partnered with Fiserv’s subsidiary Raddon to integrate the FinTech’s Predictive Analytics solution. percent in 2019, compared to 10.5

Nevada 192

Nevada Security Innovation Data 192

Abrigo

JULY 1, 2021

Identify Human Trafficking via Transactions Banking professionals run across many types of transactions pointing to human trafficking. The good news is there are data scientists designing ways to detect these patterns without human intervention. Here are tips to spot them from Love Never Fails Founder Vanessa Russell.

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Training Conference Community Video 370

PYMNTS

OCTOBER 7, 2020

Businesses and financial institutions (FIs) are following suit, reordering their products and services for a new digital normal — but unfortunately, fraudsters are tagging along. Consumers are still placing a premium on speed, with many looking to onboard with new banks or merchants as quickly as possible.

Online 223

Online Report Tools Fraud 223

PYMNTS

MARCH 26, 2020

Cryptoasset data and infrastructure provider Coin Metrics has notched $6 million in funding, according to an announcement from the company. Aleksei Nokhrin and Nic Carter created Coin Metrics as an open source blockchain and data and analytics initiative in 2017. Central Bank Digital Currency,” the announcement stated.

Bitcoin 167

Bitcoin blockchain Capital Analytics 167

PYMNTS

NOVEMBER 13, 2019

In the face of growing competition, banks around the world are working hard to become the first choice of today’s customers. percent of banking customers would be interested in switching their financial institutions (FIs) if their branch experiences do not match their digital banking experiences.

Regional 109

Regional ATM Report Alabama 109

PYMNTS

JUNE 11, 2019

Developers are using AI to perform advanced data analytics on millions of user accounts simultaneously, to detect suspicious connections between malicious accounts — even those that mimic legitimate users, or attempt to avoid suspicion by going dormant. How BNY Mellon is Using AI and Data Science to Detect Fraud.

social media 151

social media Fraud Analytics Study 151