Bank Innovation

SEPTEMBER 8, 2016

The technology presented ranged from the latest in biometrics, including voice and facial recognition, the latest in how to create insights for big data use–and Read More. Today FinovateFall debuted in New York, where thirty-nine fintech companies debuted their newest toys to an appreciative, fintech-hungry audience.

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PYMNTS

MAY 27, 2016

Big data, big data, big data. We all know the term, understand its significance and have seen plenty of examples across the industry of how businesses are utilizing massive amounts of data (and the applied analytics needed to make sense of it all) as a competitive edge in the market.

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PYMNTS

AUGUST 10, 2016

Big Data management firm MapR is looking to go public, but before it does, the company announced a big funding round. 9) said MapR Technologies raised $50 million from several big-name backers. Reports on Tuesday (Aug. American Express, Qualcomm and other major corporations already use MapR services.

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PYMNTS

JANUARY 17, 2018

Several new innovations that change the way retailers manage inventory and consumers purchase products were on display at the National Retail Federation’s annual trade show, The New York Times reported. During the three-day event, retail industry leaders discussed artificial intelligence, Big Data and automation.

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Bank Innovation

APRIL 5, 2016

Toronto-based OutsideIQ, which uses artificial intelligence and big data to help companies analyze risk, has joined Bank Innovation INV as an API partner. Bank Innovation INV is a new fintech startup accelerator run by Bank Innovation and Fiserv, and includes five banks and a host of API partners.

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NCR

AUGUST 1, 2017

The answer comes down to understanding that AI is an umbrella name for multiple technologies built on big data and neural networks. The innovation consists of replacing statistical models with cognitive, predictive models, to fight crime in the early stages or even before it happens, by tracking account activity. Conclusions.

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PYMNTS

OCTOBER 7, 2016

Traditional banks now realize the value in working with FinTech startups, augmenting their own service offerings by integrating the innovations of others.

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PYMNTS

SEPTEMBER 2, 2016

Big Data and analytics firm Planixs is entering further into the financial services market with help from Infor , a company that builds applications for an array of verticals, including FinServ. An announcement on Thursday (Sept.

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Let's Talk Payments

OCTOBER 7, 2016

Big data is an immense part of any innovative business and a fuel for sophisticated decision-making algorithms in the financial services industry and beyond. The importance of the stream of.

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PYMNTS

MARCH 2, 2016

But, in that interview, he also pointed out some issues with Big Data, the future of financial lending and even pointed out what the biggest risks to payments are. That led into some comments about Big Data and lending. “And it’s just credit data enhanced, by the way, which we do, too. It’s nothing mystical.

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PYMNTS

NOVEMBER 8, 2018

In a bid to increase loyalty, merchants are driving innovations in their stores. The clothing retailer is hardly alone, as 85 percent of merchants say that they innovate to stay competitive, according to the PYMNTS Retail Innovation Readiness Index , while 77 percent say they use it to drive sales.

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PYMNTS

AUGUST 8, 2019

bank Standard Chartered is expanding its network of innovation labs with the launch of an eXellerator lab in Shanghai, reports said this week. NS Banking said Wednesday (Aug. 7) that the Shanghai opening adds to Standard Chartered’s existing network of labs, which are open in Singapore, Hong Kong, Kenya, London and San Francisco.

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Bank Innovation

MARCH 28, 2016

Elevate Credit Inc., which is pining to get to an IPO, today announced that it hired a new chief information officer. Joan Kuehl, who is the online lender’s first CIO, has extensive experience, having worked at Travelers and Bank of America — so it deserves notice when her first pronouncements Read More.

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PYMNTS

APRIL 22, 2020

Global concern over the coronavirus spreading on contaminated surfaces in public places is unleashing rapid development of innovative biometric products that could assist a touchless society. They are also designed to kill the COVID-19 virus with ultraviolet (UV) lighting in the air ducts.

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PYMNTS

FEBRUARY 12, 2018

We’re flying blind because we lack relevant data to build and then use the right frameworks to make confident, reasonable decisions that guide our businesses, and even our economy. In a blink, we’ll be there — and very likely before we get data from the Census Bureau telling us that. What Innovation?

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NCR

MAY 22, 2017

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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PYMNTS

NOVEMBER 7, 2019

Does it make it harder to innovate or does it put privacy in jeopardy? . The Google deal has rivals calling regulators to make sure everything is on the up and up. Vestager said regulators need to consider how the acquisition affects other companies. Does the buyout create blockages for other countries?

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Bobsguide

NOVEMBER 21, 2017

Chris Gledhill, CEO of Secco Aura and frequently referenced as one of the top 10 fintech influencers, speaks to bobsguide about going beyond 'incremental innovation' towards genuine, irreversible disruption. How did you get into banking? I started off on the tech side with a.

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PYMNTS

JUNE 9, 2019

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

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Payments Source

FEBRUARY 25, 2020

When we take advantage of new products and services, we frequently offer up our data as a cost to entry. In doing so, we are putting our trust in the organizations behind these innovations, says Interac's Debbie Gamble.

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Bank Innovation

APRIL 1, 2016

Next up was data and its use in providing context to the consumer experience. Brett King opened yesterday’s episode of Breaking Banks with the new Citibank report, which suggests disruption will lead to a 30% cut in employees across the retail banking sector.

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Let's Talk Payments

APRIL 19, 2016

Big data has become an immense part of any sort of sophisticated decision-making tool for financial institutions. The importance of consolidated structured records on customer financial (and not only) behavior.

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Bank Innovation

MARCH 1, 2017

French bank BNP Paribas doesn’t need to be the first bank to announce innovation—it just wants to be the one that’s best at executing it. “We We have a lot of brain power, a lot of computer power—and that computer power is getting cheaper and cheaper—and we are sitting on a pile of data,” Bruno D’Illiers, […].

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Accenture

SEPTEMBER 26, 2016

In my previous post I described Accenture’s framework, which includes the six key success factors of credit innovation that enable players to achieve performances comparable to new digital competitors: improve data quality, reshape customer experience, streamline instant loan process, boost. Read more.

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Bank Innovation

MAY 25, 2016

Black Swan events cannot be predicted. Who could have predicted that Lending Club would do something wrong that caused the Founder CEO to leave and the stock to tank? We cannot plan for hurricanes, tsunamis and other extreme weather – we just put that in the Force Majeure clause. Yet Read More.

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Bank Innovation

JANUARY 24, 2017

Fintech got a fresh flush of capital this week, with some old favorites joining newer names all with innovations in big data, e-commerce software, compliance, and many more. Here are the Top 4 fintech funding rounds of the week: MissFresh e-commerce Beijing-based MissFresh e-commerce ‘s equity rose sharply with its Read More.

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PYMNTS

MARCH 20, 2020

We see big data and other emerging technologies as a huge opportunity to offer innovative solutions that make financing easier for our customers,” HSBC’s Jeanny Ip, head of global trade and receivables finance in Macau and Hong Kong, told the Post. “As Eight virtual banks are starting operations this year.

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Insights on Business

FEBRUARY 23, 2019

Two years ago, they were appointing chief innovation officers to dip their toes in with proof-of-concept projects or in-house incubators. based financial services C-level executives, will focus on the transformational leader who is innovating at enterprise scale. A panel on data and the intersection of privacy.

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Bank Innovation

JULY 16, 2018

Financial institutions harnessing the power of big data must glean meaningful insights from many disparate data sets. Several startups helping banks and financial institutions make sense of data, alternative and otherwise, have emerged.

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Bobsguide

NOVEMBER 16, 2016

In the financial services industry, data has always been “big” Information derived from data is the fuel that drives the engines of global capital markets. Behind every trading decision – to buy, sell, or hold – is an analysis, whether based on a company’s.

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Insights on Business

JUNE 6, 2017

Jeffrey McMillan, chief analytics and data officer of Morgan Stanley answered this question Reinventing Financial Services , an event hosted by IBM and The Economist. Jeff believes that big data and artificial intelligence (AI) are two core technologies that are transforming financial services business models.

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Bank Innovation

MARCH 31, 2017

The number of insurtech firms with a focus on big data, artificial intelligence, and the Internet of Things has skyrocketed in recent years, with those firms attracting nearly half of the total funding spent globally on insurtech.

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Bank Innovation

NOVEMBER 9, 2017

Crux is a startup that allows financial institutions to outsource their data processing to gain further insights from that data. Big data and data insight […]. The startup plans to use the $10 million for business expansion, Reuters reports.

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CB Insights

JANUARY 12, 2017

Big Data is a means to an end, not an end in itself. “Data tends to be overrated and intelligence tends to be underrated,” said Antoine Blondeau, CEO of Sentient Technologies, speaking at CB Insights’ Innovation Summit. ”We don’t need all of … Continued.

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PYMNTS

FEBRUARY 27, 2019

These market conditions may not seem ripe for FinTech innovation, but where there are challenges, there are opportunities. Michael Sassoon, CEO of banking and technology firm Sasfin , recently told PYMNTS about some of the country’s biggest hurdles in small business FinServ — and what technology innovators hope to do about them.

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Insights on Business

JUNE 18, 2019

For financial institutions, transformation is about modernizing outdated risk systems and optimizing infrastructure in order to deal with issues threatening the ability to prosper, including: Increasing regulation, Higher expectations for transparency and profitability, Out-of-control growth in data volumes, and. Increasing sophistication.

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Bobsguide

JULY 13, 2016

Data, digitisation, and financial technology are the buzzwords of tomorrow, today! Everyone seems to be talking about: ‘digital’, ‘big data’ and ‘smart data’, however you choose to define them; and today’s FinTech environment feels reminiscent of the Dot.

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