BankInovation

JULY 10, 2023

Using manual processes, fraud and digital teams at the Boston-based, $3 billion credit union worked overtime to fend off a series of attacks that Chief Operating Officer Traci Michel believed was enabled by generative AI tools. In one week in April, Metro Credit Union received more than 450 fraudulent account opening applications.

Fraud 75

Fraud Metro Boston Data 75

PYMNTS

MAY 13, 2020

But in a collaborative effort with Flywire , Citi Commercial Bank is working to accelerate these transactions for Boston-area hospitals that need equipment fast. Citi and Flywire are putting their decade-old partnership to a new use in an initiative with The Boston Foundation , a community foundation connecting nonprofits to funding.

Boston 204

Boston Payments Security Massachusetts 204

PYMNTS

NOVEMBER 23, 2020

Smart move – but supervised machine learning is reliant on historical data, which means that by itself, this method might not catch the new or disguised attack types pouring in. It uses payment data, location data, unique customer data and digital identifiers to detect fraud in real time.

Mobile 289

Mobile Boston Fraud Colorado 289

BankNXT

SEPTEMBER 15, 2017

Shaun Weston talks to Zac Sheffer from Elsen about data analysis, machine learning, engineering, financial services and the startup scene in Boston. Zac Sheffer of Elsen on data analysis and Boston’s thriving fintech scene on BankNXT.

Analysis 75

Analysis Boston Data Fintech 75

PYMNTS

DECEMBER 21, 2016

T-shirts may seem like a simple product, but according to Spreadshirt, there is a ton of hard data and analytics at the core of even the softest shirt. Germany- and Boston-based Spreadshirt uses data, analytics and even social media information to build a product and spread news among communities while printing more than 3.6

Data 100

Data Boston Community social media 100

PYMNTS

APRIL 2, 2020

Plus, the Boston Federal Reserve Chief said the U.S. Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’. Boston Federal Reserve President Eric Rosengren said Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S.

Apple 140

Apple Boston Payments Video 140

PYMNTS

MAY 7, 2020

While sales fell 25 percent in the first quarter, the slowdown is expected to accelerate in the second quarter and could lead to an estimated contraction by as much as 35 percent for the year, said the Boston-based investment firm. While accessories have shown the most resilience, the survey found all luxury categories have seen declines.

Data 151

Data Survey Boston Study 151

Bank Innovation

AUGUST 17, 2017

Silicon Valley, New York City, and Boston all have thriving fintech communities, and are definitely worth a trip for the invested fintech entrepreneur, but the U.S. is already seeing a cluster of other fintech hubs emerge. These cities boast strong tech communities, talent pools, good coffee, and cheaper rents.

New York City 365

New York City Fintech Georgia Boston 365

PYMNTS

OCTOBER 22, 2018

fans traveling to Boston for the start of the World Series will want to pack — and possibly purchase for the first time — sweaters, as this week will be an excellent opportunity to enjoy New England’s crisp fall weather. Gift Cards’ New Unfavorable Fans. locations at its peak. Problems With India’s Privacy Law. Some major U.S.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

FEBRUARY 17, 2019

Amazo n and GE may be giving up on New York City and Boston respectively, but Google is taking a different approach, expanding in both cities. The report noted that at the same time that GE was announcing it was pulling out of Boston, Google unveiled a big expansion with Cambridge, the city that is home to Harvard and MIT.

Google 134

Google New York City Los Angeles Boston 134

PYMNTS

MAY 21, 2018

As Boston tries to lure Amazon’s second headquarters to the eastern part of the city it is facing concerns that it would result in displacements of lower-income residents and increasing costs in the city. Those concerns aren’t only reserved to expensive cities like Boston however. percentage points. percentage points.

Boston 109

Boston Nashville Report Groups 109

PYMNTS

JANUARY 10, 2017

Uber has turned over a treasure trove of data on transportation over the weekend, which may help officials reduce traffic during commutes and improve the flow of traffic. The data comes from Uber logs of trips that millions of riders around the country take every day.

New York City 100

New York City Data Washington New York 100

PYMNTS

NOVEMBER 29, 2019

We have a deep dive on accounts payable (AP) automation, analysis on “Google Checking” and news on the T-Mobile data breach. T-Mobile Data Breach Puts Personal Data Of 1M+ Customers At Risk. A recent data breach exposed the personal data of over 1 million prepaid T-Mobile customers.

Google 129

Google Mobile Data Capital 129

ATM Marketplace

OCTOBER 26, 2018

Thales eSecurity and Networld Media Group will host the 2018 FinServ Data Security Summit in Boston, Thursday, Nov. Participating CISOs will get exclusive insights from the Thales Data Threat Report and from IS executives who have headed up major digital transformation initiatives for their financial institutions.

Data 48

Data Boston Security Report 48

PYMNTS

APRIL 11, 2017

The Super Bowl may be a memory, but the somewhat improbable victory of the New England Patriots was still fresh in the minds of many at snow-jammed Boston during Innovation Project 2017. First Data, for its part, had to move beyond its own siloed existence and embrace the idea that “delighting the client” remains the ultimate prize.

Data 138

Data Payments Innovation Retail 138

PYMNTS

APRIL 28, 2020

And in those cases, Jonathan Parker, an economist at the Massachusetts Institute of Technology, told the Boston Globe , the attempt was pretty successful. Given the triple threat of economic insecurity hitting the population, it’s unsurprising that the data also indicates increased belt-tightening sweeping the nation.

Boston 215

Boston Survey Massachusetts Report 215

PYMNTS

MARCH 10, 2017

Boston-based investment firm Acadian Asset Management is ready to make the jump by partnering with Microsoft. Smart investors know when to make the leap — and also know when to stand down. Here are the numbers: $77 billion | Worth of Acadian Asset Management. 40,500 | Number of securities in Acadian Asset Management’s proprietary database.

Boston 100

Boston Data Management Strategy 100

PYMNTS

JUNE 19, 2020

The Boston-based online sports gambling company announced Friday (June 19) it will sell 16 million shares of its stock. By bringing together our leading consumer brand, data science expertise and industry-leading products with SBTech’s proven technology platform, we will accelerate our innovation, growth and scale,” he said. “I

Boston 174

Boston Massachusetts Innovation Course 174

PYMNTS

NOVEMBER 4, 2020

the Federal Reserve Bank of Boston said, “To date, U.S. open banking rules and that provide holistic views of users’ finances by sharing data among multiple financial entities,” according to PYMNTS’ latest Merchants’ Guide to Navigating Global Payments Regulations , done in collaboration with Ekata.

US 171

US Boston Regulation Data 171

PYMNTS

JANUARY 26, 2018

Perhaps counterintuitively, Boston-based tech company True Fit took a non-visual approach to this challenge, instead opting to leverage data from both consumers and brands to suggest products that are likely to match not only the shopper’s body shape and size, but her personal style as well. A Different Approach.

Data 116

Data Las Vegas Branding Online 116

PYMNTS

NOVEMBER 11, 2019

According to reports last week, Amazon will soon be heading to Boston to construct a $40 million state-of-the-art robotics innovation hub. The 350,000-square-foot facility is planned for Westborough, Massachusetts, a community roughly 35 miles west of Boston. Amazon’s Big Robotics Investment .

Apple 101

Apple Massachusetts Data Cards 101

PYMNTS

SEPTEMBER 21, 2020

The year started out looking pretty promising to Loic Le Garrec , owner of Boston’s Petit Robert Bistro. Mild winter weather in Boston had led to stronger-than-average performances in January and February, and Le Garrec told Karen Webster in a digital discussion that as March approached, he had every reason for optimism. “I

Report 208

Report Maine Boston Survey 208

PYMNTS

AUGUST 21, 2020

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there.

Boston 269

Boston Massachusetts Knowledge Base Policies 269

Perficient

NOVEMBER 30, 2022

Among its attendees were representatives from The Clearing House (TCH), The Federal Reserve Bank of Boston, and SWIFT, along with some of the largest financial institutions in the U.S. . The conference was attended by several Financial Institutions, Service Providers, Fintechs, and Industry Regulators. Themes & Takeaways .

Fraud 275

Fraud Management Payments New York City 275

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. Despite being inundated with data, we’re amazingly lost. We see evidence of this every day. Put on a Retail Happy Face. Simultaneously, U.S.

Big Data 135

Big Data Data Retail Marketing 135

PYMNTS

AUGUST 29, 2020

Although they look kind of dog-like, they’re actually quadruped robots designed by Boston Dynamics and leased by Ford. Fluffy and Spot travel the plant and gather data that can be synthesized into improvements in the production process, according to The Economist. Such robots aren’t cheap. A Do-It-Yourself Robotic Dog.

Boston 238

Boston Detroit Technology California 238

BankInovation

NOVEMBER 3, 2023

The $668 billion bank is expanding to Arizona, Florida, Georgia, North Carolina, New York, Texas and Tennessee, according to its presentation at the BancAnalyst Association of Boston Conference on Thursday. In […]

North Carolina 59

North Carolina Tennessee Arizona Georgia 59

PYMNTS

DECEMBER 23, 2019

Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

Las Vegas 130

Las Vegas Company San Francisco Boston 130

PYMNTS

DECEMBER 23, 2019

Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

Las Vegas 130

Las Vegas San Francisco Boston Nevada 130

PYMNTS

APRIL 2, 2020

Blockchain company Binance has acquired the CoinMarketCap cryptocurrency data tracking website, according to an announcement. The agency is seeking analysis and comment on the proposed rule changes of BOX Exchange to start Boston Security Token Exchange (BSTX) operations. BSTX is a tZERO and BOX joint venture.

Bitcoin 141

Bitcoin Boston cryptocurrency Security 141

PYMNTS

MAY 5, 2020

The latest report explores how “…data analytics and advanced learning tools such as machine learning (ML) can help CUs safeguard their platforms and customers against potential threats.”. Financial institutions should leverage data analytics to their benefit.

Fraud 239

Fraud Analytics Boston New York 239

PYMNTS

FEBRUARY 10, 2020

Hire a data scientist. Give said scientist(s) a budget to lease a Tensor Flo server with Google and start parsing transaction data. Use data to build an algorithm. Start creating more customer data to feed the algorithm and then you too can join the artificial intelligence (AI) retail revolution. This is easy.

Retail 203

Retail Boston Data Trends 203

PYMNTS

AUGUST 16, 2016

Sharon Klapka, Adore Me’s vice president of business and brand development, appeared at the eTail East conference in Boston on Monday (Aug. By simply switching one model for another, Adore Me’s data team discovered that it could triple sales. Go to your customers, ask them questions, measure the data. Act by that data.”.

Data 100

Data Retail Industry Boston 100

PYMNTS

AUGUST 18, 2016

Big Data is big business. And one of the most valuable forms of data right now is behavioral data because it tells a retailer or brand where a customer or potential customer goes, does and spends their time and money on. In other words, it’s a lot of that uber-valuable type of data.

Data 100

Data Meeting Company San Francisco 100

Gonzobanker

SEPTEMBER 28, 2017

Banks and credit unions that have lost the ability to differentiate with their own data centers can regain control with a strategic approach to outsourcing. . It can be extremely challenging for banks and credit unions that are not in one of these hotspots to find data center rock stars. Unfortunately, those days are over.

Data 74

Data How To San Jose San Francisco 74

PYMNTS

SEPTEMBER 30, 2019

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. Threat scan intuitively mimic fraudulent behavior and can be used in conjunction with tools already in place.

Boston 177

Boston Security System Cards 177

PYMNTS

SEPTEMBER 4, 2020

Despite a better than expected job report, Boston Federal Reserve President Eric Rosengren told CNBC a full recovery is impossible until COVID-19 is under control. “We 15, the most recent data available, was 29.2 The country added nearly 1.4 million jobs in August while the nation’s unemployment rate fell to 8.4 percent, down from 10.2

US 194

US Boston Lending Report 194