Five Ways to Use Advanced Analytics to Drive Revenue

Gonzobanker

Financial institutions should make data analytics a key component of their revenue growth strategies. Banks and credit unions are going to need to rely on other sources to drive revenue in 2021, and growth analytics should be at the top of the list.

3 Fintech Data Analytics Startups to Watch

Bank Innovation

Compliance Exclusive Innovations Insurance Open Fintech Risk Startups 3 Startups to Watch AI data analytics machine learningFinancial institutions harnessing the power of big data must glean meaningful insights from many disparate data sets. Several startups helping banks and financial institutions make sense of data, alternative and otherwise, have emerged. According to one of our featured startups, Hexanika, the regulatory environment has intensified substantially lately.

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Behavioral Analytics Helps Insurance Providers Fight Fraud And Friction

PYMNTS

These behavioral analytics systems can dramatically enhance merchants’ abilities to distinguish between genuine customers and fraudsters from the very first day of implementation. Developments From The Behavioral Analytics World.

AI in Analytics: Powering the Future of Data Analytics

Dataconomy

Augmented analytics: the combination of AI and analytics is the latest innovation in data analytics. The post AI in Analytics: Powering the Future of Data Analytics appeared first on Dataconomy.

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

WWS Business Analytics Management

Mobile Payments Today

WWS Business Analytics Management (WWS BAM) is the Data Analytics application module of the WWS software suite

Deep Dive: How Geocoding, Location Intelligence Unlock Valuable Analytics

PYMNTS

Customer communication, education and assured security are the keys to unlocking geocoding’s valuable analytics and ability to capture market share. Digital Onboarding data analytics deep dive delivery Digital Consumer Onboarding Tracker logistics Melissa News privacy

New Report: Behavioral Analytics, Machine Learning Keep FIs On Cutting Edge Of Fraud Prevention

PYMNTS

This has brought a new dimension of AI to the fore: behavioral analytics, which use AI-driven analysis to aggregate, sort and review a broad range of cross-channel, historical and current customer behaviors to develop clear, real-time portraits of transactional risks.

Payment Analytics As-a-Service

Mobile Payments Today

Data analytics is a top investment priority for banks

Swap.com Uses Data Analytics To Fight Post-Holiday Fraud Surge

PYMNTS

Behind-the-scenes analytics or multifactor authentication are widely supported by customers, even though they could result in a slightly more inconvenient customer experience.

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Can analytics help auto and equipment lenders prepare for 2021?

Accenture

The post Can analytics help auto and equipment lenders prepare for 2021? Equipment and auto finance organizations rely on risk ratings to manage expected lease and loan defaults and delinquencies.

Lending Fintechs Acquire Analytics Fintechs: So What?

Gonzobanker

Fintech deals continue to dominate the financial service headlines, and a growing number of these transactions are in analytics. the acquisition of portfolio analytics provider Visible Equity for an undisclosed sum. Lending is a great area of a bank for analytics to grow from naturally.

Nasdaq Acquires Cloud Analytics Platform eVestment for $705M

Bank Innovation

Nasdaq, the digital stock exchange, will acquire cloud analytics platform eVestment to provide enhanced data-driven returns to institutional investors. Capital Exclusive Operations Risk cloud analytics data analytics eVestment nasdaq stock exchange XigniteNasdaq announced today that it will pay $705 million to acquire the cloud database provider, using a mix of cash on hand and debt, the company announced today.

How Wix Fights The Money Laundering Threat With Data Analytics

PYMNTS

In either case, Wix’s solution is the same: a combination of in-depth knowledge of their customers’ and partners’ transactions paired with analytics technology to identify suspicious transactions. Preventing Money Laundering Analytically.

Personalized Digital Engagement Is Essential Yet Undervalued in Financial Services

Download this perspective to learn about the: - Necessity of marketing automation - Importance of reviewing and utilizing customer data - Benefits of optimizing collected analytics - Growing need for digital engagement

Qdoba On Curbing Chargeback Fraud With Data Analytics

PYMNTS

The October Mobile Order-Ahead Tracker® explores the latest digital ordering developments, including new technology deployments by Burger King and Disneyland , the growing threat of false chargebacks, and how QSRs like Qdoba are harnessing data analytics to reduce chargebacks and drive sales.

APIs, Data Analytics Bring Cash Flow Control To The Back Office

PYMNTS

Omnicommerce accounts receivable APIs Citi Contactless credit data analytics digital commerce ecommerce Featured News foreign exchange News omnichannel PYMNTS Study Retail risk management The Mastering Multichannel Commerce Playbook treasury

How Predictive Analytics Platforms Help Brands Prepare For Coronavirus Complexity

PYMNTS

The coronavirus is causing unforeseen disruptions to businesses, but predictive analytics platforms are helping them plan for the unknown. Brown says that predictive analytics platforms provide companies with “answers that are based on data, not on subjectivity.”

Big Data And Analytics Save Subscription Firms From ‘Involuntary Churn’

PYMNTS

Will the boom in subscription growth during the pandemic lead to retention challenges — and a scramble to reduce churn? That growth, according to PYMNTS November Subscription Commerce Tracker, has produced 10 million new digital subscriptions in the first half of 2020.

Oversight Broadens Spend Analytics To Fleet Cards

PYMNTS

19) that its Fleet module is now available to users of its artificial intelligence (AI) analytics platform that automates fleet card transaction analysis. Oversight’s technology targets fraud mitigation and fleet card misuse, it noted, and adds to an existing offering of card-based spend analytics that includes T&E cards and purchasing cards. B2B Payments B2B data analytics Fleet Cards News Oversight Systems spend analytics What's Hot In B2B

Analytics Firm Dun & Bradstreet Launches IPO

PYMNTS

Analytics firm Dun & Bradstreet has launched an initial public offering (IPO), with Goldman Sachs & Co. IPO Albertsons Analytics Dun & Bradstreet funding Investment ipo Lemonade News pandemic Vroom Warner Music What's Hot

Kabbage Acquires SMB Data Analytics Firm Radius

PYMNTS

Small business lending platform Kabbage has announced the acquisition of data analytics platform Radius Intelligence. The online lending platform pointed to Radius Intelligence’s capabilities in data acquisition and entity resolution, which enable its data analytics platform to analyze disparate and complex datasets, it said. With Kabbage, we can build a more sophisticated analytics solution to identify, reach and service small businesses.”

Deep Dive: Digital-First Banks Harness The Power Of Data Analytics

PYMNTS

One of the most powerful tools in the financial sector is data analytics. Big Data analytics reached a market valuation of $29.87 Data analytics can give banks valuable insights into their customers’ financial lives and help them offer tailored financial products.

Data Analytics Changes The Working Capital Management Paradigm

PYMNTS

How Advanced Analytics Are Helping Businesses Handle Capital Management Changes. Businesses are finding it hard to deal with the new paradigm, but data analytics could give them the upper hand. In this month’s Feature Story, PYMNTS talked with Katie Stein , chief strategy officer and global business leader of enterprise services for professional services firm Genpact , about how companies could gain the analytic edge they need by partnering with third-party developers.

Bankers Are Excited by Data Analytics (But Not Roboadvisors), Infosys Reports

Bank Innovation

Data analytics is the most common digital technology currently being used by banks, a new report by consultancy Infosys, released yesterday, stated. Data analytics-- which is just what it sounds liker-- is currently being used by 73% of the 1,000 bankers surveyed for the study,Read More. DataBank Premium BlockChain data analytics roboadvisors

Preventing Bias in Predictive Analytics

Dataconomy

At first thought, predictive analytics engines seem like an ideal way to remove human bias from decision-making. While this seems reasonable at first, researchers discovered that predictive analytics could indeed carry human biases.

Deep Dive: The Power Of Data Analytics And AI For QSRs In A Complex Ordering Environment

PYMNTS

Harnessing consumers’ digital information is critical to the success of any business, and data analytics and artificial intelligence (AI) can be especially powerful tools.

Data Analytics And Insurance Now Drive Consumer Financial Wellness Conversations

PYMNTS

The company offers banks and credit unions individualized direct marketing campaigns based on advanced technologies and data analytics to help craft digital and direct mail campaigns. We apply advanced analytical techniques to bring it all together and produce models.”.

Union Bank’s Head of Business Data Explains the Importance of Prescriptive Analytics

Bank Innovation

It's the combination of prescriptive data analytics and predictive analytics that the new head of business data and insights at Union Bank, Una Fox, said is key to driving growth for the bank and its savings-only platform PurePoint Financial. Artificial Intelligence Exclusive Online Open Fintech Payments Premium Retail Social Media artificial intelligence Big Data big data analytics data analytics machine learning union bank

TransUnion On Insurers Leveraging Behavioral Analytics To Improve Security And Conversion Rates

PYMNTS

The disparate obstacles of fraud and checkout attrition may seem like they require different solutions on the surface, but the reality is that many businesses are deploying behavioral analytics systems to tackle both tasks simultaneously. Behavioral Analytics For Security .

Expense Analytics Targets The Boondoggle

PYMNTS

” There are other applications for this kind of data, though Landers said SalesTrip will have to obtain significantly larger data sets to take advantage of sophisticated data analytics technologies like artificial intelligence (AI) and machine learning. ” B2B Payments B2B business travel corporate travel CRM data analytics expense management News Salesforce SalesTrip spend data spend management T&E

Why Procurement Optimization Must Go Beyond Spend Analytics

PYMNTS

As a high-spend business function, procurement is embracing the opportunity of data analytics to understand spending patterns and identify potential areas to cut costs. Spend analysis isn't the only way procurement data analytics tools can affect company bottom lines.

Design Matters: Data Analytics Take Lead In Designing User Experiences That Drive Sales

PYMNTS

As digital analytics firm Air360 Founder Florent Defontis told Karen Webster in a recent conversation, the trouble is that what a user experience (UX) designer likes is often very pretty and elegant, but that doesn’t necessarily mean an easy experience for the user.

Kabbage Debuts Small Business Cash Flow Analytics

PYMNTS

Kabbage , which works with business analytics, has launched a new program that promises to help small- to medium-sized businesses (SMBs) calculate and predict cash flow and help them identify cash surpluses and deficits, according to a press release.

Checkout.com buying ProcessOut to strengthen data analytics

Payments Source

London-based Checkout.com views the acquisition of ProcessOut and its data analytics platform as a complement for its end-to-end payments service, as it seeks to build strength in the European market and eyes further expansion into Asia Pacific.