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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. As complex as these datasets can be, they hold valuable information for financial institutions and are spurring financial services investments.

Big Data 265
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Perficient Included in IDC Market Glance: Lending Digital Transformation Strategies

Perficient

IDC recently included Perficient in the “Loan Collections-Recovery” category of its “ Market Glance: Worldwide Consumer & Small Businesses Lending Digital Transformation Strategies, Q2 2022 (Doc # US49009422, April 2022).” The IDC Market Glance offers an overview of the landscape for consumer and small business digital lending.

Lending 354
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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.

Big Data 100
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B2B Venture Capital: Corporate Social Media, Marijuana Procurement, and Big Data

PYMNTS

B2B FinTechs in the U.S. This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. Software-As-A-Service (SaaS).

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Big Lenders Need Help With Big Data, Too

PYMNTS

Traditional banks now realize the value in working with FinTech startups, augmenting their own service offerings by integrating the innovations of others. Data is vital to remaining competitive , he said. ” Plus, Horrocks added, banks have something alternative lenders don’t always offer: reliability. ” .”

Big Data 195
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IMF’s Lagarde Calls Out FinTech As Industry Disruptors

PYMNTS

Reuters reported Lagarde said that technology companies’ use of big data and AI i ncreases big tech companies’ dominance in the mobile payments market, which could result in policymakers around the world rethinking how they regulate the banking system and how they ensure financial settlements are made safely and securely. “A

Industry 190
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Top 5 Fintech Raises: Point, Promoboxx, DueCourse

Bank Innovation

Even though we’re not seeing quite as many raises as in previous years, fintech funding doesn’t seem to be in any danger of disappearing. This last week, investors went for platforms in mobile development, cloud-based Big Data, cloud-based invoicing, home equity funding, and marketing.

Fintech 150