Four opportunities for CFOs and big data

Accenture

The big data era is upon us. Financial enterprises are swimming in zettabytes—a billion terabytes—of data. For financial services firms, big data can offer a path to. Managing Risk Featured CFO big data big data to manage risk gary fink big data

Using a big data approach to overcoming banking regulatory requirements

Insights on Business

The data they must analyze is overwhelming. Regulatory pressure is creating a financial data analytics crisis. But the sheer amount of data in all its forms that must be analyzed is a sticking point. Integrating big data technology with risk management for a complete solution.

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Business Writing Gets A Boost From Big Data

PYMNTS

Virtual mountains of data are accumulated and analyzed via web-enabled and mobile devices, with the speed of that process getting faster and faster (and faster still with new 5G mobile network technology deployments).

Financial Services will Invest $9 Billion in Big Data This Year

Bank Innovation

Data is created at every financial transaction, and as datasets expand beyond what a single database can hold, big data is born. DataBank Exclusive Insurance Lending Mobile Open Fintech PFM Premium Sales & Marketing Startups Big Data big data analytics Investment US Bank

What Are the Big Data Initiatives at Major Companies?

Bank Innovation

Financial institutions and other large corporation are using Big Data for a range of successful projects and initiatives, according to a recent survey. Almost 81% of executives, surveyed by consulting firm NewVantage, characterized their big data investments as “successful.”

Fintech task force deliberates pros and cons of ‘big data’

Bank Innovation

quintillion bytes of data are created every single day. As such, lenders are collecting vast amounts of consumer information and calling it “big data,” a key product to generate insights, support decision making, and enable automation. More than 2.5

How CFOs can benefit from big data

Accenture

Financial firms looking to deploy big data to drive better business are, in my opinion, making the right move. Accenture’s paper on the topic, Exploring Next Generation Financial Services: The Big Data Revolution, outlines some of the gains of working.

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

PYMNTS

It seems, according to reports in CNET, that data is becoming the most valuable weapon in a campaign arsenal when it comes to reaching – and, more importantly, turning out – voters. And gathering, interpreting and acting on that data – in short, trying to “moneyball” politics – is not cheap.

Can Spotify And Metallica Localize Live Shows With Big Data?

PYMNTS

Variations of those scenarios are numerous, of course, but perhaps that gives some idea of the potential importance of a new data-backed set list endeavor involving Spotify and Metallica. Spotify digital data will help Metallica tailor its set lists for specific shows, an attempt to appeal more precisely to local audiences that — even in this age of apparent homogeneity — might have slightly different tastes than concert-goers a few hundred miles away. Spotify Data Thinking.

Big Data: ‘Strategic Spaghetti’ For Retailers

PYMNTS

Nicole Jass, Vantiv VP of Data Products, said in a recent interview with Karen Webster that data must be the core of that strategy. 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.

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? In an interview with PYMNTS’ Karen Webster and Nicole Jass, vice president of Data Products at Vantiv , the two delved into the ways insight (and new products) can be gleaned from Big Data, with an eye on cementing customer loyalty or forging new relationships in a hypercompetitive age of commerce.

Applications of Big Data Analytics That Yield the Most Value

Let's Talk Payments

Worldwide revenues for big data and business analytics will grow from $130.1 Analytics Big data Insights Asia Big Data Analytics Europe insights USbillion in 2016 to more than $203 billion in 2020, at a CAGR of 11.7%, IDC estimated. “The.

H&M Looks To Big Data For Store Insights

PYMNTS

To reduce markdowns and break out of a lull in sales, H&M is turning to artificial intelligence (AI) and Big Data to tailor its merchandising mix in its brick-and-mortar stores. The fashion retailer is using algorithms to gain insights from returns, receipts and data from loyalty cards to improve its bottom lines, according to news source Retail Dive reports. Retail artificial intelligence big data H&M News What's Hot

Intuit’s Big Data, Small Business Expansion

PYMNTS

Intuit is seeking to expand its QuickBooks unit in two directions: towards small businesses and towards Big Data. To do so, reports added, QuickBooks will also need to step up its data analytics game. “We are using machine learning to help identify the types of data, services and tools that a small business needs,” Pai continued. “And we have lots of data about small businesses because of our many customers.

EU Welcomes Big Data Legislation

Cisco

As they are connected, the amount of data in existence and being created daily is truly mind boggling. quintillion bytes of data. In almost every industry, data is being […]. Financial Services analytics Big Data EMEAR EU GDPRTechnology is rapidly changing the way we live, work and play. Eight billion devices a year are being brought online. Every day, we create 2.5

IBM’s Cognitive Bank: Big Data, Bigger Problems

Celent Banking

Last Wednesday I attended IBM’s analyst presentation on Transforming Banking and Financial Markets with Data. The crux of the presentation was the benefits of big data and cognitive analytics for financial markets. But what were not discussed are the daunting challenges and complexities a bank will face in implementing and managing a big data project. The implementation and ongoing management of data will make or break the success of cognitive computing.

Insurers, Big Data and Changing Consumer Behavior

Let's Talk Payments

It’s not about having data, but what to do with it, right? Data Fintech Insights Insurance Asia Big data Europe insights insurers USRecently, someone suggested a new life insurance product to test out what would be a better fit for.

Big Lenders Need Help With Big Data, Too

PYMNTS

Data, Horrocks noted, is today an especially poignant point of friction for financial institutions in the lending process. “Banks struggle with the connection of loan origination data to loan portfolio management data and insights,” the executive explained. ” Financial institutions today are also struggling to connect the dots between all of the ways they use data analytics to mitigate risk and add value to their lending operations, added Horrocks.

AI, Big Data And Automation Take Center Stage At NRF

PYMNTS

During the three-day event, retail industry leaders discussed artificial intelligence, Big Data and automation. Drawing more than 600 exhibitors, the convention featured sessions with leaders from Walmart, Best Buy, Neiman Marcus and other big-name merchants. Retail AI alibaba Amazon automation Best Buy big data china neiman marcus News NRF walmart What's Hot

$50M Accelerates Big Data Startup Towards IPO

PYMNTS

Big Data management firm MapR is looking to go public, but before it does, the company announced a big funding round. 9) said MapR Technologies raised $50 million from several big-name backers. The company provides Big Data management services to the enterprise and recently announced a 100 percent increase in its bookings compared to the year prior. B2B Payments B2B B2B startup B2B venture capital big data ipo MapR What's Hot In B2B

Big Data: Friend or Foe?

Let's Talk Payments

Big data has become an immense part of any sort of sophisticated decision-making tool for financial institutions. Analytics API Authentication Banking Commerce Cybersecurity Data Analysis Fintech Fraud / Risk Innovation Insights Asia Big data Europe insights US

Big Data and Analytics: Keys to Bank Innovation in Distribution and Marketing

Accenture

Banks are relying more and more upon Big Data and analytics to transform their distribution and marketing strategies. Everyday Bank Featured banking innovation Big Data

Kubernetes Meets Big Data

Dataconomy

Organizations yearn order and simplicity over chaos and confusion, but the data-driven era we live in challenges these desires on a daily basis. Seemingly every day, massive amounts of transactional and streaming data is being introduced into enterprises.

Treasurers Trust Big Data For Real-Time Risk Assessment

PYMNTS

But Big Data lands new capabilities in the hands of corporate treasurers and other executives that yields active, real-time assessments of risks from multiple angles, from counterparties to compliance. A new white paper from treasury management solution provider Hazeltree emphasizes the crucial role metrics and data play in counterparty risk management and mitigation for buy-side treasurers, for instance.

Planixs Taps Big Data Tools Into FinServ

PYMNTS

Big Data and analytics firm Planixs is entering further into the financial services market with help from Infor , a company that builds applications for an array of verticals, including FinServ. 1) said Planixs and Infor will collaborate on Planixs’ Realiti solution, a platform that aggregates and analyzes data from external accounts and systems for real-time insight. B2B Payments B2B big data finserv innovation Infor Planixs What's Hot In B2B

AI and Big Data: The Yin and Yang of Technical Innovation

Perficient Financial Servies

Arvind knows data, especially big data. Innovation today seems to be driven by data. AI relies on data. Just implementing any kind of artificial intelligence means you need two data sets: A training data set. A testing data set.

To Optimize Supply Chains, Big Data Must Have The Need For Speed

PYMNTS

One of the biggest selling points of distributed ledger technology (DLT) is its ability to preserve the integrity of data. “Blockchain gives you an immutable database — the data cannot be corrupted by any one agent,” he told PYMNTS in a recent interview.

Big Data 4 Small Business Wins Visa/US Bank Big Hack For Small Business Competition

PYMNTS

Bank and Visa co-hosted the “Big Hack for Small Business” hackathon over the weekend, with the winner emerging as Big Data 4 Small Business. The team at Big Data 4 Small Business developed a solution that Visa said offers merchant-defined, enrichment-promoting analytics tailored to retailers. Innovation APIs big data 4 small business elavon Hackathon News Retail SMBs U.S.

Mastercard pokes holes in 'big data' ROI

Payments Source

In an advancing digital age, banks and merchants rarely question the data that advanced analytics and artificial intelligence can provide about their customers' financial and payments habits. But are they using data analytics to its fullest potential? Big data Analytics Payment processing Mastercard

Big Data, For Big Supply Chain (And Payments) Improvement

PYMNTS

The rise of Big Data means that firms can use technology to pinpoint weaknesses in workflow that stretch across back-office functions, in invoicing to receivables management, and up and down supply chains as firms interact with vendors, timed deliveries and shipments. One firm, Celonis , uses Big Data and machine learning to help firms find heretofore hidden pockets of process weakness. B2B Payments B2B big data celonis rinke

Giving Big Data Decision-Making A Real-Time Touch

PYMNTS

Big data, big data, big data. We all know the term, understand its significance and have seen plenty of examples across the industry of how businesses are utilizing massive amounts of data (and the applied analytics needed to make sense of it all) as a competitive edge in the market. But what if the way companies are going about big data and analytics is all wrong? Basically, a good big data and analytics architect is hard to find.

IoT, Big Data And The Tech Fueling Better B2B eCommerce

PYMNTS

The Role Of Data. One of the residual effects of eCommerce’s explosion is the accessibility to troves of data on consumer shopping habits. Today, any shopper on Amazon can make a purchase and then automatically be recommended similar products they might enjoy, thanks to data analytics technology. Corporations tend to make higher-value purchases, and with the use of purchase orders and other paper documents, the data is less accessible.

Is Online Lending Ignoring Big Data Risks?

Bank Innovation

Elevate Credit Inc., which is pining to get to an IPO, today announced that it hired a new chief information officer.

Can Big Data Help Provide Affordable Healthcare?

Dataconomy

Big Data and AI can help with the growing care provider shortage. The post Can Big Data Help Provide Affordable Healthcare? Here is how and why.

Big Data For Business Takes A Page Out Of Google Search’s Book

PYMNTS

Google revolutionized the way we access data. Ajeet Singh, CEO and co-founder of data analytics firm ThoughtSpot , says that can be what it feels like for a company that has implemented sophisticated data and business intelligence technology — usability can be a massive hurdle to overcome, severely limiting that technology’s effectiveness. Today’s enterprises need to ensure a culture of data literacy throughout the organization,” said Singh. “In

Breaking Banks: Big Data Use in Real Time Transactions [AUDIO]

Bank Innovation

Next up was data and its use in providing context to the consumer experience. Brett King opened yesterday’s episode of Breaking Banks with the new Citibank report, which suggests disruption will lead to a 30% cut in employees across the retail banking sector.

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. It’s that time of year again! Today FinovateFall debuted in New York, where thirty-nine fintech companies debuted their newest toys to an appreciative, fintech-hungry audience.

Do you have a healthy big data culture?

BankNXT

Big data, big insights or big problems? Do you have a healthy big data culture? Banking Insurance Tech analytics big data business culture Dimitri Anagnostopoulos

Socure CEO: Facebook’s Big Data Fix

PYMNTS

The first, that a political consulting firm called Cambridge Analytica used a personality testing app to vacuum up data from around 50 million of Facebook’s users, causing a massive stir. political consulting firm that uses data to target information to a country’s citizens to influence their thinking about political issues. First of all, Facebook maintains that they weren’t honest about the purpose of the app or the data it gathered.

Big data analytics and cybersecurity take center-stage in payments systems

Accenture

Some big themes dominate Payments today, and each is likely to endure for many years. Sibos 2015 in Singapore brought them into sharp focus – specifically: Big Data Analytics, Cyber-security, Bank & FinTech Hubs, Cryptocurrencies/Blockchain Technology, Trade Finance and APIs. Future of Banking Featured Big data analytics cybersecurity payments systems

Big Data Finance 3.0, the Value of FinTech & The Evolution of Retail [Curated Content]

Let's Talk Payments

Big data Finance Insights Asia Europe insights USThe choice was difficult today – talented people are tireless in enriching the pool of knowledge for the community of finance and tech professionals. On the other hand, the Internet.

AI and Big Data: The Yin and Yang of Technical Innovation

Perficient Financial Servies

Arvind knows data, especially big data. Innovation today seems to be driven by data. AI relies on data. Just implementing any kind of artificial intelligence means you need two data sets: A training data set. A testing data set.

FTC Focused On Car Buying, Big Data And FinTech In 2016

PYMNTS

The Federal Trade Commission had a busy year in 2016, surveying consumers about buying and financing car purchases, issuing a report aimed at helping businesses harness the power of Big Data without discriminating and also taking a hard look at the FinTech market and its implications for consumers. The FTC said the report looked specifically at Big Data at the end of its lifecycle and how it was used and analyzed once it was collected.