A How-To Guide for Monetizing Open Banking and CDR data

Accenture

In our last post, we shared the two emerging business models that are powered by Open Banking application programming interfaces (APIs) and open data—banking as a platform and banking as a service. Uncategorized APIs CDR Open Banking Open Data

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Beyond Open Banking Compliance: The Opportunity for Commercial Banks

Accenture

Open Banking, accelerated by the Consumer Data Right (CDR) in Australia, aims to give customers control of their data and….

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Kroger Reports Data Breach; Customer Data Hacked

PYMNTS

Kroger has confirmed it was among the companies affected by the data security incident that hit Accellion , according to a press release. Chairman Jay Clayton said corporate America needs to do more to make sure its data is safe.

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Online Shopping Trends: Mobile Payments Are Mighty

Mobile Payments Today

He shares data and insight on how 2020 may have changed shopping forever The holiday online shopping trend jumped from over 13% in 2019, to nearly 20% in 2020, according to Mastercard. Jordan Reynolds leads the e-Commerce and Marketplace verticals at Ekata.

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Why B2B Contact and Account Data Management Is Critical to Your ROI

64% of successful data-driven marketers say improving data quality is the most challenging obstacle to achieving success. Given data’s direct impact on marketing campaigns, reporting, and sales follow-up, maintaining an accurate and consistent database is a top priority for B2B organizations. This latest eBook aims to help marketing leaders understand the impact of data management on their company’s ROI.

Invisibly Wants Brands To Pay Data Dividends To Consumers When They Get, Use Their Data

PYMNTS

The problem is, businesses create fortunes on the astronomical amounts of data that are collected about all of us, without our knowledge and certainly without our consent. They know that Big Tech companies like Facebook are making hundreds of billions of dollars off their data.

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Biden’s Banking Order Backs Data Accessibility, But The Portability Debate Remains Unsettled

PYMNTS

In financial services, the push for data portability is nothing new. The Dodd-Frank Act , in section 1033, set the tone when it said that consumers should be able to obtain that data in usable electronic form. At a high level, he said, “this isn't about access to data only.

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Data Brief: 51 Pct Of Brazilian Consumers Want SMB Loyalty Data Managed By Banks

PYMNTS

On the issue of data and who they trust with it, consumers in Brazil see banks and financial institutions as having the resources and wherewithal to best manage this aspect of loyalty. Loyalty & Rewards brazil data data brief loyalty News PYMNTS Study SMBs

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Solving The Data Problem For Trade Finance Organizations

PYMNTS

Data remains at the heart of some of the most critical processes of financing, trade finance included. But there comes a point when more data fails to correlate to greater efficiency or less risk. Digging Into The Data.

Data 207

Safety First: How to Handle Supplier Banking Data

ATM Marketplace

She shares with ATM Marketplace her insight and more than 30 years of leadership in banking how to safely handle customer data Angela Anastasakis is the senior vice president of operations and customer success for Nvoicepay, a FLEETCOR Company.

Payment Optimization & PCI Solutions: Combining Offense and Defense With a Single Provider

Speaker: P. Andrew Sjogren, Sr. Product Marketing Manager at Very Good Security and Matt Doka, Co-Founder and CTO of Fivestars

In this webinar, our esteemed panelists will discuss using Zero Data as the defense and payment optimization as the offense. A startup will have a well-rounded security approach that enables them to get to market sooner, grow their business faster, and minimize costs for both security and compliance.

Data Security’s Secret Sauce? ‘Zero Data’

PYMNTS

Transferring money, or data, or sensitive personal information (OK, pretty much anything) across the web means that data can be copied as it moves from place to place. That also means data is vulnerable as it moves. Zero Data .

The growth of data in banking is unstoppable

Accenture

Accessing this source of Big Data is simply the latest way for banks to deliver on their core promise: to listen to customers, create a…. The post The growth of data in banking is unstoppable appeared first on Accenture Banking Blog. Uncategorized Big Data Data-driven Banking Open DataBanks occupy a privileged and trusted position. Social media companies may have insight into what is attracting our attention, but banks can see what people are willing to pay for.

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What Biden's data portability push means for banks

American Banker

Data sharing Customer data

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Data Integration Takes B2B Payments Modernization To The Next Level

PYMNTS

EVO Payments President of the Americas Brendan Tansill recently spoke with Karen Webster about the opportunity for robust data integration strategies to elevate value for buyers and suppliers willing to embrace change. It’s also around the availability of data.”.

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ABCs of Data Normalization for B2B Marketers

Data normalization. It’s not a far stretch to suggest that the topic isn’t exactly what gets marketers excited in their day-to-day workflow. However, if lead generation, reporting, and measuring ROI is important to your marketing team, then data normalization matters - a lot. In this eBook, we’ll break down the ins and outs of data normalization and review why it’s so critical for your marketing strategies and goals!

Data Rails Anonymize Card Info Through Aliases And Data Teleportation

PYMNTS

Data teleportation. As Very Good Security Co-founder and CEO Mahmoud Abdelkader told Karen Webster, data teleporting — specifically through aliasing — can offer a level of protection beyond tokenization or encryption. VGS is data teleportation,” he told Webster.

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Mastercard’s Finicity Teams With Green Dot To Advance Data Access 

PYMNTS

Open banking platform Finicity , a Mastercard company, signed a data access agreement with the digital banking platform Green Do t. . The partnership will offer direct data access via Finicity’s API. Its open banking platform puts control of financial data in the hands of its users.

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Data Brief: 75 Pct Of Consumers Bank With Username/Password; Just 42 Percent Prefer It

PYMNTS

Finding that three-quarters of consumers employ usernames and passwords to access bank accounts, yet only 42 percent prefer them, the data sheds light on new login leanings. Authentication authentication banking data brief Digital Banking News Nok Nok Labs PYMNTS Study Security

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NEW DATA: Credit Unions’ Innovation Priorities Reflect FinTech Competitive Pressures

PYMNTS

Sixty-three percent of CUs say they lack the data analytics capabilities they need to create personalized member products, and 51 percent say their core systems’ capabilities do not allow them to innovate the types of products needed to meet members’ expectations.

The 2019 Technographic Data Report for B2B Sales Organizations

In this report, ZoomInfo substantiates the assertion that technographic data is a vital resource for sales teams. In fact, the majority of respondents agree—with 72.3% reporting that technographic data is either somewhat important or very important to their organization. The reason for this is simple—sales teams value technographic data because it makes essential selling activities easier and more efficient.

Why The Data Breach Decline Is Bad News For Businesses

PYMNTS

The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were actually down in 2020 year-over-year. 19 percent fewer data breaches occurred in the U.S.

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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. Last week we had our first meetings of Nordic Finance Innovation, the largest networking group in the Nordic region for people involved in finance and technology which I happen to chair.

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Finastra to help clients improve customer data management

Bank Innovation

Banking technology company Finastra is enhancing the rollout of its customer data strategy as clients face new competition. As part of this effort, the London-based company hired Lisa Fiondella as its first-ever chief data officer in November.

Data 195

Building The Credit Card Rails For Data Requires The Help Of An Alias

PYMNTS

Very Good Security (VGS) CEO and Co-Founder Mahmoud Abdelkader told Karen Webster that data aliasing leads to payments optimization — and, eventually, to the connected economy functioning smoothly, with the safe exchange of information across a continuum of services. Setting Up the Data Proxy.

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4 Data-Driven Steps To Drive Successful B2B Demand Generation

Fact: Good data lives at the core of every successful B2B demand generation strategy. Without quality data, it’s nearly impossible to identify and segment your target audience and create messaging that speaks to their values and interests. Whether you’re stepping into a new position or you’re new to demand generation, learning the tricks of the trade can be, well, tricky. In this eBook, you’ll discover how to improve your demand generation program—and your bottom line.

Data Brief: 59 Pct Of Those Who Never Held Crypto Interested In Using It For Purchases

PYMNTS

Cryptocurrency Bitpay cryptocurrency data brief Digital Payments News PYMNTS Study

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Amazon Expands Data-Driven Fashion Push

PYMNTS

But if a firm were looking to collect a lot of customer fit data for their fashion business, T-Shirts are a pretty obvious place to start since they’re inexpensive enough to be highly accessible to consumers.

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Banks, fintechs must reframe data privacy debate

Payments Source

Financial firms could lose access to data that’s critical to their businesses if Congress passes a privacy bill. To change lawmakers’ minds, they need to show how data in the right hands has the power to improve customers’ lives. Fintech Data privacy Consumer banking

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Kount, Snowflake Team To Offer Customer Data Insights

PYMNTS

1) that it is working with data cloud provider Snowflake to provide enhanced, artificial intelligence- (AI) driven insights into customer behavior, according to an emailed press release. Data on Demand is the key to unlocking huge amounts of both new and existing data from many sources.”.

Data 222

How ZoomInfo Enhances Your ABM Strategy

For marketing teams to develop a successful account-based marketing strategy, they need to ensure good data is housed within its Customer Relationship Management (CRM) software. More specifically, updated data can help organizations outline key accounts for their campaigns. And to begin the targeting process, marketing teams must develop an Ideal Customer Profile (ICP) with appropriate firmographic and behavioral data to ensure they’re going after the correct audience.Download this eBook to learn how to start improving your marketing team's data!

US Retailers Confront Data Privacy Shifts

PYMNTS

Collecting and sharing data is a critical part of business today — especially during this period where most work and payments are being conducted online — and that means regulators have tough choices to make when determining what banks, businesses or even consumers have access to data and why.

Data 239

NJ Legislators Propose Tighter Data Privacy Regulations

PYMNTS

Lawmakers in New Jersey are proposing a bill to solidify data privacy guidelines and inflict tougher limits on the tech industry, The Wall Street Journal reported on Monday (March 2). New Jersey joins Washington, Illinois and other states and regions in introducing data privacy laws.

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Telegram: Breach Exposed Millions Of Users’ Data

PYMNTS

Messaging app Telegram said a data breach has exposed a database containing the personal information of millions of users, according to a Cointelgraph report. Data breaches have not slowed during the pandemic.

Data 285

Data Brief: 16 Pct Of Restaurant Customers Will Boost Spend For Loyalty Rewards

PYMNTS

While loyalty and rewards are standard issue on the restaurant game of 2021, there’s more to it as researchers learned by analyzing data around how top performers got to the top. Restaurant innovation data brief digital shift loyalty rewards mobile order ahead News Restaurants

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Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.