The Future Of Compliance: Using Data Better


But the bigger change that is coming, Meier said, will likely affect the data sources FinTechs are using to train their scanning algorithms. In the pre-digital age of financial services, AML/KYC was a very slow process.

AI, machine learning, data and Nordic banks

Chris Skinner

The meeting focused upon data: data usage, data analytics, data leverage and data privacy. It was an interesting meet-up … The post AI, machine learning, data and Nordic banks appeared first on Chris Skinner's blog.

Data 309

Can Banks Safely Monetize Consumer Data?


It’s one of the main clichés of the early 21 st century, but that doesn’t mean it’s wrong: Data is the new oil. However, as is the case with any powerful, profitable substance (whether tangible or not), data can be dangerous if not used appropriately. The Three Types Of Data.

Data 236

Utility Data’s New Identity


There are plenty of high-tech ways to verify a customer’s identity — fingerprints, voiceprints, faceprints, phone data. Traditional utility data has been a source of, and a good way to verify, identification,” Malik explained. “It’s Urjanet is a platform meant to bridge that digital divide for consumer utility data by collecting and aggregating it into a secure, digitally shareable form, and turning it loose as a tool for businesses to apply to a variety of consumer interactions.

Data 193

Spinning Raw Data Into Synthetic (Revenue) Gold For FIs


Data is everywhere, there for the taking, turning insight into top-line growth. For financial institutions (FIs) and other FinTech companies, monetizing that data effectively and, above all, safely can be a tightrope walk — balancing risk and reward. The Process And Types Of Data.

Data 205

Equifax In Data Pact With FinTech Sandbox


The companies said in a release that the collaboration is tied to data sharing, where Equifax will offer commercial and consumer data that will help its new partner FinTech Sandbox to develop new products.

Data 188

Data-Driven Banking: How Data is Changing the World


Data has become the latest talk of the town with its potential to influence the decision-making framework in any firm. No matter which industry you are in, the new winners are the ones who can innovate and create value using a data-driven approach. With the right foresight, banks can become the core of data-centric systems and be the major driver for cultural change. Embracing data minimization. Data may start to be shared in data exchanges.

Data 139

It’s all about the data

Chris Skinner

I’m guessing most of you will have … The post It’s all about the data appeared first on Chris Skinner's blog. As those who read my blog will know by now I chair a very active group called Nordic Finance Innovation (NFI), based out of Oslo.

Data 278

Will Consumers Want To Monetize Their Own Data?


If headlines are any indication, data breaches have made off with consumers’ most sensitive bits of information, such as Social Security numbers, credit card info and bank details. Data Managed. You just need a good set of good data.”

Data 268

Nordstrom Breach Exposes Data On 76K Employees


Nordstrom has suffered a data breach that exposed employee names, Social Security numbers, dates of birth, checking account and routing numbers, salaries and more. The company spokesperson said customer data was not affected in the breach.

Data 268

Today In Data: How Governments Are Strengthening Crypto Regulation


All This, Today In Data. The Data: 2,917: Number of licensed marijuana businesses in Colorado. Today In Data Cannabis cryptocurrency Macy’s News regulation Retail Today in Data

Today In Data: New Year, New Efficiencies


Data: $26 billion: Projected 2018 revenue of the global mPOS market. Today In Data brick and mortar checkout Commerce commerce data faster payments mobile pos MPOS New Year News payments payments data Retail retail data Today in Data

Data 223

Today In Data: Digital Banking Cybersecurity


With new risks come new solutions, and banks are taking this approach to data security: They are adopting technologies such as biometric authentication to protect sensitive information. Data: $248.26

Facebook Data Breach Fines Could Top $1B


According to the report citing the Irish Data Protection Commission, Facebook is under investigation by the regulator over allegations it failed to protect the privacy of its users.

Data 278

Can Regulating Wearables Protect Data Privacy?


However, as IoT continues to proliferate in more industries and use cases, concerns about data privacy have quickly followed, with consumers and lawmakers ra ising concerns about attacks from bad actors. How Bonbouton’s Connected Insoles Track Health, While Keeping Data Secure.

Today In Data: Payment Protocols In The Age Of PSD2


The European Union’s (EU’s) PSD2 is making merchants that deal with payment data from Eurozone citizens enhance their payment protocols. All this, Today In Data. Data: $3,500: The average operational cost for a bank to originate an SMB loan.

Data 245

Home Improvement Startup Houzz Suffers Data Breach


Home improvement startup Houzz revealed that it suffered a data breach. The company said in a FAQ on its website that the breach was discovered in late December 2018, and that “a file containing some of our user data was obtained by an unauthorized third party.”.

Data 277

The Data Breach Case Against Facebook Is Moving Forward


Facebook is still legally on the hook for a September data breach that affected 30 million of their customers. Facebook also argued that while logins were compromised, data of real value like card numbers remained protected and unharmed.

Thinking Differently On Digital Payments And Data


Data breaches are a serious threat to the financial health of businesses and consumers. Is there a newer way to treat data that might also help prevent fraud? Data: March 19, 2012: Expected rollout date for a third Same-Day ACH (SDA) processing window.

Data 198

PayNet Automates SMB-To-Lender Data Sharing


Credit and data analytics firm PayNet is launching an automated reporting solution for lenders to more seamlessly collect and analyze financial information on small business (SMB) borrowers.

Data 185

Twitter Data Breach Prompts GDPR Investigation


The Irish Data Protection Commissioner (DPC) is Twitter’s lead regulator in the European Union. The DPC has this week opened a new statutory inquiry into the latest data breach it received from Twitter on 8 January, 2019,” the Commission said on its website.

Data 229

Today In Data: Enhancing The Customer Experience With Call Center AI


All This, Today In Data. Data: $775 M: Predicted losses due to account takeovers at call centers by 2020. Today In Data artificial intelligence call center technology News Retail subscription Today in Data

Today In Data: Striking A Balance Between Convenience And Security


Data. $22 Today In Data Commerce commerce data Consumer Experience cyberattacks Cybercrimes data privacy digital identity friction funding loyalty mobile app Mobile Payments News payments payments data payments security Retail retail data Today in Data

Data 243

Data Architecture and Design Thinking

Perficient Financial Servies

Simplicity is a very important strategy as people are thinking of designing their modern data platforms. Design is often a complex task, so I recommend applying strong design thinking to simple goals as you lead your data architecture teams. Simplicity is the ultimate sophistication.

Data 72

How Is Data Affecting Your Dating Life?


How is your personal data impacting your decision to go on a date? The post How Is Data Affecting Your Dating Life? What algorithms do dating apps use to find your next match? How is AI affecting your dating life? Find out below.

Data 69

Senate Hearing Grills Equifax, Marriott CEOs On Data Breaches


Data privacy and security is becoming a popular political issue, and the latest proof of that came Thursday (March 7) on Capitol Hill. Among the most recent support for that point is a fresh push in California among lawmakers to make their strictest-in-the-nation data privacy law even tougher.

Data 261

Sage Enhances Financial Data Integrations With Cleo


Through the Cleo integration, the solution will enhance its “governance, control and orchestration capabilities,” building greater efficiencies in the movement of data to the platform.

Data 213

Today In Data: Ending 2018, Predicting 2019


Data: $3 billion: The amount Tencent has invested in 40 U.S. Today In Data 2018 Commerce commerce data ecommerce mobile apps New Year's News payments payments data predictions Retail retail data Today in Data

Data 205

Poland country data-sheet

Mobile Payments Today

Country data-sheet: mobile payments in Poland

Mobile 107

Distributed Data Caching Using Big Data


The advent of the emerging sector of Big Data has brought with it the promise of highly scalable databases to handle terabytes of data at a time. The post Distributed Data Caching Using Big Data appeared first on Dataconomy. Big Data Contributors Featured Hack Exposes Consumer Data


The Centers for Medicare and Medicaid Services ( CMS ) confirmed on its website that it was the victim of a data breach in October — the Marketplace system used for agents and brokers was hacked. CMS said that it believes about 75,000 individuals’ files were accessed via the data breach.

Data 256

Data-R-Us: The Purchase And Sale Of Data


Where do analysts get their data? It’s not like they can just stroll up to a retailer like Data-R-Us and buy it … can they? It’s called a data marketplace , and it’s not just for analysts. What Is a Data Marketplace? Like any other online marketplace, a data market is a virtual destination where goods and services are bought and sold. Organizations are hungry for data these days. Everybody Loves Data. Know what produces a lot of data?

Data 189

Who owns the customers’ data?

Chris Skinner

Following on from the discussions about identity on Monday, it gets interesting to think about the customers’ data and who owns it, especially in light of the Payment Services Directive 2, PSD2 for short, which comes into force at the start of next year.

Data 305

3 Fintech Data Analytics Startups to Watch

Bank Innovation

Financial institutions harnessing the power of big data must glean meaningful insights from many disparate data sets. Several startups helping banks and financial institutions make sense of data, alternative and otherwise, have emerged.

It’s time to embrace customer data privacy and security

Insights on Business

Customer data is the modern enterprise’s most valuable asset. Now, new technology, business and regulatory challenges are forcing them to rethink how they collect and manage that data. Customer data drives innovations like artificial intelligence and blockchain solutions. But for companies that don’t master privacy and security, data can be toxic. If they don’t protect their customers’ data, they face potential financial and legal repercussions.

Facebook Gives Academics Access To Data


More than 60 academics from around the world will receive access to Facebook ‘s data for the first time. Facebook Academics Data Access data privacy Data Research elections News user data What's Hot

Data 153

Do you shuffle data or use it?

Perficient Financial Servies

To be successful with your data, you need to know if your company is focused on reporting the data or analyzing the data for intelligent decisions. The attendees of the meetings are sent a spreadsheet with lots of numbers and data to review.

Data 78

Today In Data: The Future Of Faster Payments


All this, Today in Data. Data: 850: The number of stores online retailers are forecasted to open from this year until 2023.

Data 220

Kubernetes Meets Big Data


Organizations yearn order and simplicity over chaos and confusion, but the data-driven era we live in challenges these desires on a daily basis. Seemingly every day, massive amounts of transactional and streaming data is being introduced into enterprises.

2018 Data Breaches: The List No One Wanted To Make


So far this year (and there’s still one more day), Verizon reported that there have been 2,216 confirmed data breaches across 65 countries. Facebook’s 2018 regarding the stewardship of user data and privacy was one it would like to soon forget. about a potential data security incident.

Data 285

Experian ‘Boost’ Improves FICO Scores Via Data


Consumers with low or subprime credit scores often face higher interest rates, with data showing that a subprime credit score costs the average consumer approximately $200,000 more over the course of their life.

Data 252

Today In Data: Banks Give Consumers Confidence Amid Data Breaches


Banks give consumers confidence that their data won’t fall into the wrong hands when they make purchases or reservations, thanks to investments in fraud detection and prevention.

Data 141

Using a big data approach to overcoming banking regulatory requirements

Insights on Business

The data they must analyze is overwhelming. Regulatory pressure is creating a financial data analytics crisis. But the sheer amount of data in all its forms that must be analyzed is a sticking point. Integrating big data technology with risk management for a complete solution.