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Santander and IBM Strike $700 Million Deal to Accelerate Bank’s Digital Transformation

Bank Innovation

IBM today announced a five-year, $700 million agreement it reached with Banco Santander that will enable the Madrid, Spain-based bank to “accelerate and deepen” its digital transformation to a more open, flexible institution. This means Santander is poised to tap into IBM's AI, blockchain and big data offerings.

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How Payments Security Drives Digital Transformation

PYMNTS

Citing the 2014 North America Consumer Digital Banking Survey by Accenture, amazingly, 50 percent of people would use banking services from a Square app if they were offered one, and 41 percent would use banking services from PayPal. This is what connects a bank’s services with third parties.

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Analytics in Banking: Start with the End in Mind

FICO

I think a slight derivation of this same sentiment is highly relevant for banks today: “Your data scientists are so preoccupied with whether or not they can predict something, they don’t stop to consider what will happen if they are successful.”. And with good reason. Collections.

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Banking on a Cognitive Business

Insights on Business

Or equally, by optimizing risk, compliance and security. Cognitive systems can improve enterprise-wide visibility into regulatory and internal compliance controls in banking and financial services. This method helps them answer questions and become more knowledgeable in an emotive and empathetic way.

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Banking on a Cognitive Business

Insights on Business

Or equally, by optimizing risk, compliance and security. Cognitive systems can improve enterprise-wide visibility into regulatory and internal compliance controls. If you are attending the June 20-22 American Banker Digital Banking Summit in New Orleans, I will be there and will be presenting on some of these topics.

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Bankers extinguish Bill Gates’ famous ‘dinosaur’ prediction

Gonzobanker

For technologists, it sounds so easy at first just to “digitize the whole business.” Yet, the intricacies of commercial lending, income property collateral, underwriting, local title recordings, payment ecosystems and regulatory compliance have proven much harder to disrupt than purchasing a book or downloading a song.

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Fintech Fundings: 20 Companies Raise $300 Million Week Ending July 17

Fintech Labs Insights

Regulatory compliance solutions for new account opening. Mobile banking platform. Big data analytics for financial institutions. Digital payments solutions. Market data solutions. Tags: Payments, prepaid cards, digital banking, mobile, global payments. HQ: Dublin, Ireland. Total raised: $80.4

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