American Banker

APRIL 21, 2016

Venture funding for lending startups has dried up during the first quarter of 2016 ($298 million vs. $832 in the last quarter of 2015), and Silicon Valley is now putting its money behind firms that…

Big Data 28

Big Data Washington Fraud Data 28

FICO

FEBRUARY 1, 2017

Funnily enough, this scene parallels the problems discussed at a FICO roundtable on ‘How to Fight Auto Loan Fraud’ held this week at the AFSA Vehicle Finance Conference & Expo. The misuse of SSNs from children and the elderly was also seen as a growing loophole for fraud and abuse.

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Fraud Analytics social media Data 40

FICO

FEBRUARY 1, 2017

Funnily enough, this scene parallels the problems discussed at a FICO roundtable on ‘How to Fight Auto Loan Fraud’ held this week at the AFSA Vehicle Finance Conference & Expo. The misuse of SSNs from children and the elderly was also seen as a growing loophole for fraud and abuse.

Fraud 40

Fraud Analytics social media Data 40

CFPB Monitor

FEBRUARY 17, 2017

In the RFI’s Supplementary Information, the CFPB states that it not only seeks information relating to consumer credit but, “because some of the Bureau’s authorities relate to small business lending,” it “welcomes information about alternative data and modeling techniques in business lending markets as well.”

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Data West Virginia Big Data Lending 84

PYMNTS

OCTOBER 10, 2016

203 billion to be spent on Big Data analytics solutions by 2020 , said IDC, highlighting banking and manufacturing as the industries that will fuel this spend. That’s due to the capabilities of risk management, fraud detection and prevention and compliance within data analytics solutions. One-fifth of U.K.

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Big Data Analytics Data Survey 100

Celent Banking

SEPTEMBER 30, 2015

While Dan was the one really working (he presented on “How Big Data can change Financial Services”) I mingled around the participants of this vibrant ecosystem encompassing entrepreneurs, financial institutions, investors, and regulators among other stakeholders.

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America Fintech Big Data Regional 100

FICO

JUNE 4, 2019

Industry veterans and innovators will share insights, know-how and advice for using analytics in financial services, banking, automotive finance, mortgage lending, telecommunications, insurance and regulatory compliance. Financial Crime & Fraud. Mortgage Lending. AI & Machine Learning. Auto Finance. Scoring Strategies.

Analytics 40

Analytics New York Conference Case Study 40

FICO

MAY 28, 2019

Industry veterans and innovators will share insights, know-how and advice for using analytics in financial services, banking, automotive finance, mortgage lending, telecommunications, insurance and regulatory compliance. Financial Crime & Fraud. Mortgage Lending. AI & Machine Learning. Auto Finance. Scoring Strategies.

Analytics 40

Analytics New York Conference Case Study 40

BankUnderground

JUNE 25, 2020

But potential fragmentation of the global data supply chain now poses a novel risk to financial services. In this blog post, we first discuss the importance of data flows for financial services, and then potential risks from blockages to these flows. Big Data and financial services.

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Data Big Data Regulation Risk Management 110

PYMNTS

MARCH 2, 2018

The rise of alternative lending and familiarity of growing names like OnDeck is beginning to shift public perception of the merchant cash advance, however. “The lending world has evolved,” Mallinger explained, adding that today, MCAs don’t necessarily mean sky-high interest rates and fees.

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Capital Lending Louisiana Data 119

FICO

SEPTEMBER 30, 2022

Cortnie Abercrombie is a world recognized expert in AI and data analytics and has been named in media articles as one of “12 Brilliant Women in Artificial Intelligence & Ethics to Watch,” one of the “Top 100 Innovators in Data and Analytics,” and one of “10 Big Data Experts to Know.” Nikhil Behl.

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Meeting Analytics Management Strategy 52

FICO

OCTOBER 17, 2022

The customer’s cash flow can also be analyzed based on a disposable income calculation from data on the customer’s income, outgoings, and financial commitments. The analysis results can be used to make decisions on lending for existing customers and for accepting or declining a new customer account based on their application risk score. .

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Data Analytics Lending Ohio 52

Jack Henry

SEPTEMBER 6, 2019

Fortunately, this is coming at a time when the evolution of financial technology and data analysis has opened the door to affordable and efficient methods of doing just that. This opportunity has begun to be realized as big data organizations start merging their technology with commercial loan monitoring systems.

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Big Data Analysis Financial Technology Data 60

PYMNTS

MAY 27, 2016

Whether it’s a corporate carpooling service that offers a cheaper alternative to Uber or using Big Data to heighten the ROI on hiring efforts, the B2B startups that earned VC this week all impact their corporate customers’ bottom lines in one way or another. SME Lending. Konfio is one of them. Expense Management. .

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Capital Management Taxes Security 100

William Mills

FEBRUARY 4, 2016

According to IDC Financial Services, the financial services industry spent $114 billion worldwide on mobility, cloud, and big data and analytics technologies, or about 25 percent of their IT budgets, and that figure will increase almost 30 percent by 2019. Fraud prevention and person-to-person (P2P) payments also draw attention.

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Report Big Data Analytics Strategy 40

Gonzobanker

MARCH 6, 2020

Many financial institutions are leveraging robotic process automation (RPA) capabilities to improve customer experience and remain competitive.

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Operations System Groups Technology 86

FICO

OCTOBER 26, 2016

Fighting fraud. The FICO® Falcon Fraud Management solution is the industry leader, protecting two thirds of the world’s payment card transactions against fraud. The FICO® Score is used by 90 of the top 100 largest US lending institutions for their risk assessment needs. Here are a few examples. Making credit decisions.

Analytics 40

Analytics Fraud New York City social media 40

FICO

OCTOBER 26, 2016

Fighting fraud. The FICO® Falcon Fraud Management solution is the industry leader, protecting two thirds of the world’s payment card transactions against fraud. The FICO® Score is used by 90 of the top 100 largest US lending institutions for their risk assessment needs. Here are a few examples. Making credit decisions.

Analytics 40

Analytics Fraud New York City social media 40

Fintech Labs Insights

MARCH 8, 2017

mBank partners with Cloudera to handle its big data processing. Zopa wins Top Consumer Lending Platform at LendIt awards. Pindrop to mitigate call center fraud for Credit union service organization PSCU. On FinDEVr.com. Check out this week’s FinDEVr APIntelligence. Around the web.

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Big Data Lending Fraud Digital Banking 15

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Autonomy: Big problems with big data. Total Funding: $1.1B.

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Fraud Las Vegas Company Video 78

Gonzobanker

NOVEMBER 9, 2015

This software provides easy to use “Big Data,”. It is not a substitute for the personal account number (PAN), but it will allow merchants/acquirers to track transactions made by a particular customer and will give the merchant/acquirer the additional ability to track fraud/chargebacks and loyalty programs. They’re applying it.

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blockchain Bitcoin Lending Innovation 60

Fintech Labs Insights

MARCH 28, 2016

Three Finovate alums brought in new cash: Kreditech raised $11 million for its banking and lending services for the underbanked. Here are the fintech deals by size from 19 March to 25 March 2016: Open Lending. Automated lending solutions for financial institutions. Automated lending solutions for financial institutions.

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Company Fintech San Francisco New York City 12

South State Correspondent

AUGUST 22, 2022

Clean Data Reduces Operational Cost Across the Bank: Creating a centralized place for your data allows you to solve data quality issues to produce a “single source of truth.” Without a central place for data, multiple people in multiple departments will be spending time cleaning data.

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Data Analysis Marketing System 195

Fintech Labs Insights

JUNE 25, 2015

That makes the credit score provider the second most valuable alum (after Lending Club , currently trading at $6 billion). Fraud detection. Data analytics with financial services focus. Tags: Lending, underwriting, consumer, loans, P2P, crowdfunding, investing. billion valuation. Source: Crunchbase. Source: Finovate.

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Puerto Rico St. Louis Fintech Company 12

Fintech Labs Insights

DECEMBER 14, 2015

million to further card-fraud methods. BankersLab received an undisclosed investment towards its commercial lending training & compliance tools. Real estate lending marketplace. Market data communications platform. Tags: Insurance, analytics, big data, underwriting, Startupbootcamp (accelerator).

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San Francisco Company Fintech New York City 12

Fintech Labs Insights

NOVEMBER 12, 2015

Lending marketplace targeting Hispanic-owned small businesses. Real-time financial data access for financial institutions. Tags: Enterprise, fraud, security, online banking, payments, API, developers, big data. Source: Crunchbase. Bread Finance. Unsecured consumer financing of purchases. Latest round: $14.3

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New York City Company Fintech San Francisco 12

FICO

FEBRUARY 12, 2023

The business model here needs to focus on a strategy that balances lending growth while keeping risk in check. It's a strategy that requires accurate customer validation and data analysis, with an emphasis on action-effect modelling rather than hypothesis. With this approach, loan pricing is not an isolated exercise.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

Fintech Labs Insights

JANUARY 11, 2017

Fraud detection. Feedzai ( FEU14 ) uses AI combined with machine learning to analyze sets of big data created during a user’s online sessions to mitigate fraud associated with online account opening, payments, and ecommerce. AI is already heavily leveraged for use in fraud detection. Underwriting.

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Fintech Compliance Examples San Francisco 12

Fintech Labs Insights

JUNE 20, 2016

Big data analytics company ThetaRay inked an agreement today with ING Netherlands that combines its Advanced Analytics solution for fraud detection with ING’s existing risk engine. The partnership will empower ING to uncover new SME lending fraud by detecting anomalies through its transactional and organizational data.

Fraud 17

Fraud Lending Big Data United States 17

PYMNTS

MAY 5, 2017

SME Lending. Based in China, IceKredit wields Big Data to provide credit evaluation services for small businesses. “The continued growth of international trade and the global economy rely on efficient cross-border transactions,” said Airwallex Chief Executive Jack Zhang in a statement.

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Fintech Big Data Capital Data 137

Gonzobanker

DECEMBER 20, 2019

Yes, because across the board Capital One’s executive team is committing to and delivering in the new world of Tech – cloud, big data, AI, open source, five-minute digital accounts – it’s big, expensive stuff and it’s hard work. The bank that got hacked via AWS wins the tech award?

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Idaho Conference Data Marketing 148

Gonzobanker

AUGUST 17, 2016

For example, staff can build a BI environment that collects data, measures and teaches the bank where customer pain points are. This gets Lending, Retail, HR, Marketing, Finance and Risk Management all involved. Got Big Data Under the Hood? Voice analytics in contact centers can surface pain points.

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Leadership Tools Big Data Risk Management 60

PYMNTS

JULY 11, 2017

One of those collaborators is CRiskCo, a credit risk management company that deploys Big Data analytics to provide a business credit score to lenders and trade finance providers. “The discourse around FinTechs is evolving from competition to collaboration,” the International Chamber of Commerce Banking Commission (ICC) concluded.

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Analytics Risk Management Fintech Data 109

Fintech Labs Insights

OCTOBER 3, 2016

Earned a spot on the Big Data 50. Teamed up with fellow alums OnDeck and CAN Capital to form Innovative Lending Platform Association. Honored by Marketplace Lending Power 20 Awards. Partnered with ING to provide platform lending to SMEs in Europe. Earned spot in the Marketplace Lending Power 20.

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San Francisco Taxes Lending Colorado 18

Gonzobanker

DECEMBER 22, 2014

And won’t address the biggest area of fraud growth, which is card-not-present. Execution Matters Big-Time Award – Data warehouse. The “We Don’t Need No Stinkin’ Big Data Because Small Data Works Just Fine” Award – Loan pricing engines. Then … the conversation that we have to do something.

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Los Angeles Apple Risk Management California 101

Fintech Labs Insights

MAY 21, 2015

It was a broad mix of sub-sectors, from crypto (Ripple) to lending. Tools and programs for alt-lending to businesses. Fraud protection solutions for the enterprise. Bitcoin-denominated P2P lending. Tags: P2p, peer-to-peer lending, underwriting, Bitcoin, Finovate alum. Actiance $28 million. Planwise $750,000.

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San Francisco New York City Company California 12

Fintech Labs Insights

AUGUST 1, 2016

Experian CrossCore is a single platform that helps manage customer identities, fraud prevention tools, workflows and decision strategies in an easy-to-use and scalable format. Featurespace’s ARIC Engine helps financial services clients spot and prevent fraud attacks in real time using adaptive behavioral analytics.

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How To Analytics Millennials Data 12