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Finovate Fall 2017 Day One: Data Analytics, ID Verification, and Cybersecurity

Bank Innovation

Finovate kicked off its 2017 Fall conference with demos from about 40 financial technology companies on its first day yesterday in New York.

Analytics 252
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Big data analytics and cybersecurity take center-stage in payments systems

Accenture

Sibos 2015 in Singapore brought them into sharp focus – specifically: Big Data Analytics, Cyber-security, Bank & FinTech Hubs, Cryptocurrencies/Blockchain Technology, Trade Finance and APIs. Some big themes dominate Payments today, and each is likely to endure for many years. Read more.

Big Data 154
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Describe the Future of Banking in Buzzwords

Jeff For Banks

. ∞ Sure, here is a description of the future of banking in the United States in buzzwords: Hyperpersonalization : Banking services will be tailored to the individual needs and preferences of each customer, using data analytics and artificial intelligence.

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Deep Dive: Digital-First Banks Harness The Power Of Data Analytics

PYMNTS

One of the most powerful tools in the financial sector is data analytics. Big Data analytics reached a market valuation of $29.87 Data analytics can give banks valuable insights into their customers’ financial lives and help them offer tailored financial products. What is Data Analytics? Data Analytics Behind the Scenes.

Analytics 237
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RiskRecon Joins Mastercard To Amplify Cybersecurity Safeguards

PYMNTS

Mastercard is purchasing artificial intelligence (AI) and analytics startup RiskRecon to accelerate the development of cybersecurity solutions, Mastercard announced on Tuesday (Dec. In April, Mastercard launched a new program called the Cybersecurity Talent Initiative in order to help grow cybersecurity talent.

Security 137
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Financial Crime Fighters Unite Against Cybergangs

PYMNTS

The group also intends to develop the Financial Services Cybersecurity Profile, a list of cybersecurity guidelines for FIs to follow.”. This requires a marketwide view of risk analytics to adapt faster than fraudsters. It’s fighting fire with fire, in a manner of speaking. Therefore, FIs can’t fight fraud in silos.”.

Fraud 187
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OCC Considers Artificial Intelligence an Emerging Risk in Banking

Perficient

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.