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Big Data Explosion

Cisco

This challenge is compounded by the growing use of alternative data from sources like customer data platform (CDP) providers, fintech partnerships, and even from sensors and IoT devices. More attention is also turning to gaining competitive advantage from under-used customer data collected via conventional operations.

Big Data 143
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OCC keeps focus on bank/fintech partnerships

CFPB Monitor

Since the beginning of Michael Hsu’s tenure as Acting Comptroller of the Currency, bank/fintech partnerships have been a focus of OCC concern. Mr. Hsu also raised concerns about unknown risks or “nasty surprises” arising out of bank-fintech arrangements.

Fintech 146
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Operant Calls for Consortium to Improve Debt Collection

Bank Innovation

Toronto-based fintech Operant.AI Operant Founder and CEO Allan Fisch said at a meetup yesterday at Bank Innovation’s headquarters in New York that a consortium would allow the FIs to contribute anonymized data on the performance of their third-party […].

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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.

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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. He offered the example of banks using analysis of financial statements to assess risk in the loan origination process.

Big Data 195
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Xs and Os: The Power of Experience and Operational Data in Retail Banking

Banking Exchange

Customers are comparing their bank’s digital experience to that of retailers Retail Banking Technology Big Data Financial Research Feature Feature3 Fintech.

Retail 112
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Lightspeed Rolls Out Integrated System; Central JD Fintech Unveils Dolfin Wallet

PYMNTS

In addition, Central JD Fintech is introducing the Dolfin wallet in Asia , and AMS Public Transport Holdings Limited along with AlipayHK is launching a minibus mobile payment system also in Asia. The system integrates payment processing with a point of sale (POS) for merchants operating online and in physical stores.

System 122