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Why Small Banks Need Big Data

American Banker

The sheer amount of data created in recent years has exploded, leaving banks with a tremendous amount of data sets to mine through. Community banks need to utilize analytics to stay competitive with their big-bank peers.

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Making the move to becoming a data-driven bank

NCR

But when it comes to making the best use of digital information, is there a difference between simply having access to this information and truly understanding what data we already have and how it can be used effectively?12. A few key use cases for big data have been around for some time. The benefits of being data-driven.

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Uncovering the Hidden Efficiencies in Loan and Deposit Operations

Gonzobanker

One of Cornerstone’s community bank clients uses RPA to reverse temporary daily POS limit increases, which its related bank system does not permit, eliminating a formerly manual daily process. A very favorable cost/benefit business case means RPA can be leveraged by financial institutions of all sizes.

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The 2019 GonzoBanker Awards

Gonzobanker

. ————————————————————————— The ‘En Vogue’ Trend of the Year – Credit unions buying community banks. The bank that got hacked via AWS wins the tech award? Well done, sir!

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37 Corporate Innovation Labs In Finance

CB Insights

Companies are turning to accelerators, funds, and labs to try to find the next big thing that will reduce fraud, speed up transaction times, and catch on with consumers. ” The lab primarily focuses on blockchain, big data, and strategic consulting. One popular approach: in-house financial innovation labs.

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Fall In! FinovateFall 2015 Presenting Companies Revealed

Fintech Labs Insights

It is currently deployed at 20+ retail banks with over 500m transactions a year. Big Data Scoring helps lenders harness big data to make better credit decisions. Buzz Points partners with community banks and credit unions to reward consumers for buying local and banking local. Blockstack.io

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Fintech Fundings: 30 Companies Raise $100 Million Week Ending Dec 11

Fintech Labs Insights

Four Finovate alums were among the bunch: CBANC Network took in $4 million for it’s community bank information network. million to further card-fraud methods. Tags: Insurance, analytics, big data, underwriting, Startupbootcamp (accelerator). million) and Lemonade, a P2P insurance play ($13 million).