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AI, Big Data And Automation Take Center Stage At NRF

PYMNTS

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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UK?s National Health Service Gave Tech Giants Access To Millions of Britons? Health Records

PYMNTS

United Kingdom officials gave a California software company access to the private personal data of millions of British residents to answer questions around COVID-19, CNBC reported. The NHS has said it allowed Palantir access to sensitive personal data of patients, employees and residents under a deal to help it cope with the pandemic.

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House Financial Services Task Force on Financial Technology to hold Nov. 21 hearing on the role of big data

CFPB Monitor

The Task Force on Financial Technology of the House Financial Services Committee has scheduled a hearing entitled “ Banking on Your Data: The Role of Big Data in Financial Services ” on November 21, 2019. Lauren Saunders, Associate Director, National Consumer Law Center. The scheduled witnesses include: Ms.

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What Treasurers Overlook When Managing Risk

PYMNTS

The procurement of raw materials can expose an organization to some serious market volatility, the risk management software firm said, and much of the solutions these firms are using to mitigate risk, like ERP solutions, don’t quite make the grade when covering a business’ exposure to commodity trade risk. Bringing Them Together.

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Cross-Border FinTech Collaborations Gain Traction

PYMNTS

As noted earlier this week, a range of projects will span digital payments offerings, as well as blockchain and Big Data initiatives. There are 180 partnerships in place already, said Xero, with a roster that includes Barclays and National Australia Bank. New Offerings in Wealth Management.

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Alt-Lending Regulation Fears Won’t Stop Investors

PYMNTS

Investors seem confident in the industry’s startups and their ability to provide adequate risk management and underwriting for their loans; VCs provided more than $11.5 million in B2B venture capital was divided among alt-finance, supplier payments and Big Data services startups this past week. Alternative Lending.

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VCs And SPACs Raise $1B+ To Invest In Cloud, AI And More Despite Pandemic

PYMNTS

Fifth Wall Managing Director Roelof Opperman said COVID-19 had not radically changed anything in the sector — but rather, had accelerated everything. The National Restaurant Association estimates the industry has lost $185 billion this year. He pointed to the rise of remote working as one example.