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Big Data Explosion

Cisco

Intuit, the American financial software company, is leveraging integrated data-driven intelligence from its diverse acquisitions of Mint, Credit Karma, and MailChimp. Their goal is to move beyond tax-related services to deliver a holistic financial services platform to small businesses and their employees, inclusive of banking services.

Big Data 143
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Procure-To-Pay’s Tax Conundrum

PYMNTS

One of the largest challenges for procurement chiefs today, according to Sovos VP of Strategy Christiaan Van Der Valk, is tax compliance, and it can easily trip up organizations as regulations become more complex — and as regulators’ strategies to ensure tax compliance become more sophisticated.

Taxes 139
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IBM’s Cognitive Bank: Big Data, Bigger Problems

Celent Banking

The crux of the presentation was the benefits of big data and cognitive analytics for financial markets. But what were not discussed are the daunting challenges and complexities a bank will face in implementing and managing a big data project. Did you get the required support from management? It’s not easy.

Big Data 100
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IMF’s Lagarde Calls Out FinTech As Industry Disruptors

PYMNTS

International Monetary Fund Managing Director Christine Lagarde issued a warning over the weekend about the impact artificial intelligence may have on the financial system across the globe. The meeting also resulted in the Group of 20 finance ministers announcing they will work together to create common rules to close corporate tax loopholes.

Industry 190
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Bitcoin Daily: Korean Commission Suggests Allowing FIs To Offer Crypto; China’s OneConnect Platform Supports New Blockchain Financing Product

PYMNTS

OneConnect used Guangdong’s “digital government” tech resources, as well as its own blockchain tech, AI and Big Data, to create the platform — which has access to data in 213 categories from 26 departments of government, and has connected with 129 financial institutions in the China province.

Bitcoin 132
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In The Age Of Big Data, Why Are We Still Flying Blind?

PYMNTS

And if they valued it just at even an after-tax minimum wage rate, Evans says consumers must have believed they got at least $2.8 Census Bureau data reports that suggest nearly all retail sales happen in a physical store. Those consumers thought that time was worth something; otherwise, why would they divert their attention?

Big Data 135
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DIY Fraud Management: Five Things To Know About Building Your Team

PYMNTS

There are different levels of fraud management an organization can implement, from completely in-house to completely outsourced. But for a company planning to build an internal team to manage and prevent fraud 24/7, it’s important to understand the value and limitations of this approach.

Fraud 101