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The big data boom – what it means for banking

NCR

Big data has been one of the tech industry’s most popular buzzwords for a few years now. But as the number of data sources grows and technology to process it becomes more powerful, the trend is changing from a nice-to-have addition to becoming an essential part of any company’s offering. Fighting fraud.

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Watson Marketing Delivers a Competitive Edge that Financial Institutions can Bank On

Insights on Business

increasingly sophisticated security threats; and, most recently, shifting customer expectations driven in large part by millennials. They are tech savvy, mobile and social. More than ever – millennials seek customized experiences without a corresponding increase in prices. Millennials are a fastidious breed.

Marketing 156
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Future of Customer Experience in Digital Banking

Banking 2020

This digital experience is vital, as it determines whether they should stay or move to different banks for better service. At this juncture, customer experience is primarily decided by speed, anytime-anywhere-any device banking, security and simple intuitive clicks.

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Deep Dive: How Data Provides Businesses With Competitive Analytics

PYMNTS

Fraud solutions are needed to help firms understand the meaning behind increasingly complex data sets. These solutions use Big Data analytics and machine learning (ML) to help businesses better detect fraud and reduce the risks of financial losses. Some estimates claim that as much as 34 percent of U.S.

Analytics 116
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Walmart Thinking Small When It Comes To Tech

PYMNTS

As CIO noted, biometrics, which use technologies like fingerprint systems, facial recognition, iris scanning and voice identification, are a natural fit for retailers looking to improve their ability to target marketing efforts and boost security. iPhone users everywhere rejoiced when Apple added the passcode fingerprint scan,” says Paley.

Retail 100
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Shattering Merchants’ Information Silos In The Fight Against Fraud

PYMNTS

As a result, fraud management in retailing may not be as well-informed as it could be when it comes to detecting and preventing fraud, while at the same time promoting an optimal customer experience. Lest merchants think they can rest solely on the laurels of Big Data, beware.

Fraud 115
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2015: Year In Review

ZootBlog

Learning how to harness big data and make it useful, complying with EMV, and understanding the impact of mobile wallets and disruptive competitors were just a few that made headlines. 16% were split among up-and-coming tech companies, suppliers, social media companies, and other banks. Advanced Analytics.

Mobile 70