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HSBC, Alibaba Link Up On Quick eCommerce Loans

PYMNTS

However, the applicants will have to allow Cainiao to provide things like inventory information and operational status to HSBC for analysis. “We HSBC is the first local lender to launch such a partnership with a technology company, to use big data to approve trade finance lending. The competition will be keen.

Big Data 203
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Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti

FICO

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. Read the full customer development post 4.

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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.

Big Data 199
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Here’s Why Context Will Play A Bigger Role In Banking

PYMNTS

Now, as financial institutions (FIs) embrace Big Data and the algorithms, the idea of applying context to banking transactions stands to gain more popularity and profit potential. The company recently announced that its CBX corporate banking platform will be available through IBM Cloud to reach bank customers.

Big Data 171
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BNY Mellon’s AI-Based Fraud Detection Initiative

PYMNTS

Fighting bad actors is particularly challenging for those in the banking industry, which lost more than $31 billion to fraud in 2018 and is projected to lose even more as cybercriminals become more sophisticated. Faster payments have also contributed, as banks now have less time to identify fraudulent transactions.

Fraud 128
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The top 4 trends banks can’t ignore in 2019

Cisco

While banks work to build the right customer experience across channels, emerging technologies like voice-first banking and intelligent chat bots gain footing. It’s clear intelligent assistants will begin to play a significant role in consumer digital banking transactions. Big Data is your mountain and your goldmine.

Trends 64
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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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