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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
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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.

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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
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How Scotiabank Manages Fraud Protection For A Data-Driven Future

PYMNTS

Scotiabank’s Three-Pronged Innovation Strategy. Banks keeping pace with fraudsters developing new data access techniques cannot approach AI development in a simple, regular way, so Scotiabank is moving its technology and implementation strategies outside of its own innovation lab. Talent and the Growing Fraud Problem.

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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
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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
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Join our ‘Fintech in the Age of Coronavirus’ Zoom meeting (Subscribers Only) 

Bank Innovation

What is the role of innovation in response to these rapidly unfolding events? For insights into these questions, Bank Innovation and INV Fintech, its sister banking innovation services platform, will present a special Zoom meeting on […]. How will banks and startups work together?

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