article thumbnail

How RBC Capital Markets revamped its data management efforts

Bank Innovation

RBC Capital Markets has looked externally to help it consolidate data in one place, analyze it and better equip employees. Starting in 2013, RBC Capital Markets began collecting all the data it could that was relevant to its clients, including e-commerce data, trades and portfolios.

Capital 150
article thumbnail

How Can Financial Services Institutions Better Support Women? – An International Women’s Day Blog

Perficient

Fortunately, most societies today don’t legally bar women from partaking in these tasks, but the ancient history of shutting doors on women seeking greater financial control has left an undeniable gender gap in the world of financial services and a lingering, detrimental attitude that money management is a man’s job. households.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Portag3 Ventures closes $320m fund for consumer and infrastructure plays

Bank Innovation

Canadian venture capital firm Portag3 is continuing its global push with the close of a C$427 million ($320 million) fintech fund this week. The firm’s second fund will focus on early-stage startups that cover wealth management, banking and insurance, including direct-to-consumer and business-to-business models.

Capital 221
article thumbnail

Wirecard taps freelance platform Xolo to expand to new geographies

Bank Innovation

European payments giant Wirecard, which has a market capitalization of more than $15 billion, is making a bet on freelance personal finance platform Xolo to increase uptake for its banking services. Xolo is a subscription-based freelance accounting and banking platform that allows freelancers to manage cash flow and legal needs.

Capital 243
article thumbnail

Square revises credit risk model for its SMB lending program

Bank Innovation

An update to Square’s credit risk model for its Square Capital commercial lending product — first disclosed yesterday — was “a key driver of Capital’s outperformance in the fourth quarter,” the company said. The advancement of Capital is key for Square as it continues to grow the fast-growing — and lucrative — lending product.

Lending 284
article thumbnail

How Scotiabank Manages Fraud Protection For A Data-Driven Future

PYMNTS

Scotiabank’s Three-Pronged Innovation Strategy. It is really for any new innovations and trends out there, which would include fraud and cyber.”. I would say talent management is definitely top of mind.”. The increasing sophistication of fraud attacks has led Scotiabank to reassess how it employs AI, ML and automation.

Fraud 117
article thumbnail

University of Toronto launches fintech bootcamp to meet local labor demand

Bank Innovation

With nearly 200 startups, five major banks, 19 venture capital firms and representation from large tech companies like Google, Facebook, PayPal, Toronto is quickly becoming a center for fintech entrepreneurship.

Meeting 364