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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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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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.

Four ways data can improve banks’ bottom line

Accenture

Banks that are mastering data-driven analysis to unlock a detailed understanding of their customers are using that information to drive tenfold returns on investment. The post Four ways data can improve banks’ bottom line appeared first on Accenture Banking Blog.

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Solving the Payments Data Security and Compliance Problem By Getting Rid of the Data

PYMNTS

To improve compliance, ensure data privacy and cut costs, there are two ways to do it, Mahmoud Abdelkader , CEO and co-founder of Very Good Security , told Karen Webster. That’s really the whole point of Zero Data,” said Abdelkader. “It Moving Data Out of Reach. Zero Data’.

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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California Pizza Kitchen Warns Employees of Personnel Data Breach

PYMNTS

15) that personal data the company held, including names and Social Security numbers, may have been accessed by digital intruders during a September cyberattack. The form states that the data was accessed via a computer hack.

UK Targets Global Partnerships For Data Sharing

PYMNTS

Australia, Korea, Singapore, the Dubai International Finance Centre and Colombia are initial partnership targets in its quest to realize “data adequacy” for its residents in the wake of its Brexit departure from the European Union. Data is also at the heart of the U.K. The U.K.

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The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

Facebook Takes Steps To Improve Data Portability

PYMNTS

9) announced several updates to its Transfer Your Information (TYI) data portability tool that will make it easier for users to transfer a copy of their data from the social media platform to other services, including Photobucket, Google Calendar and the new Facebook Events.

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CFPB to Gather Comments on Data Collection in Mortgage Lending

PYMNTS

The CFPB wants comments from the public to make sure it can use the data collected by the HMDA rule in order to meet its goals, the release stated. The CFPB has an online tool to look into public loan data, the release stated.

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 .

Dormant Data Vs. Intentional Data: The Difference Is More Than Delighted Customers

PYMNTS

Data – well, it’s pretty much at work everywhere these days, but as is the case with so much in life, it’s what you do with the information that counts. Used effectively, said Lukasik and Bannos, data can be leveraged to craft experiences that can delight end users.

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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!

How Banks Can Bridge The Data Sharing Privacy Gap

PYMNTS

Consumers have become enamored of digital banking’s conveniences, especially as the technologies underpinning them make it easier than ever to share data and receive personalized insights into spending or new products.

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How intelligent data can benefit auto & equipment lenders

Accenture

I’ve been thinking a lot lately about the power of the massive datasets available today, and how auto and equipment finance companies could make better use of that data. In our latest Technology Vision, I see data as being a critical component of all the trends companies are facing.

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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.

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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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.

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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Data Brief: 27% of Consumers Plan to Dine Out in Next Three Months 

PYMNTS

But the data shows that concerns still linger: About 62% of those surveyed said they still have economic concerns tied to the pandemic, and nearly half still have health concerns. Data data data brief food and beverage News PYMNTS Study Restaurants

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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.”.

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Data Leak At Alibaba’s Shopping Site Taobao Exposed Billion Bits Of User Info

PYMNTS

billion pieces of data from Alibaba ’s Taobao shopping platform, the Wall Street Journal (WSJ) reported on Tuesday (June 15), referring to a court verdict in China. The court said that Alibaba reported the data leak to the police when the breach was noticed, WSJ reported.

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Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

JPMorgan: A Digital Strategy Without A Data Strategy Is No Strategy

PYMNTS

To get there, “underpinning all of this are two things,” said Davis, “data and architecture.”. You may also like: PYMNTS Data Brief: 84 Pct Of Consumers Expect New SMB Merchants To Guard Data. Delving Into The Data. Data can be messy, she said, a bit tongue in cheek.

Driven by Data

ABA Community Banking

The post Driven by Data appeared first on ABA Banking Journal. Community Banking Featured Mutual Banks Retail and Marketing Careers in banking Customer relationship management Data analysis Data strategy Diversity Leadership

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China’s Latest Tech Regs Fixated On Data Control

PYMNTS

New legislation passed last week and in April will make most data-related activities in China subject to government oversight, the Wall Street Journal (WSJ) reported. The new Data Security Law, which will take effect on Sept. In Europe, for example, data privacy is the emphasis.

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Solving B2B’s Payment And Data Problem

PYMNTS

In B2B, you cannot solve the payments problem without solving the data problem. The payments are complex, and as Dean Leavitt , CEO of Boost Payment Solutions , told Karen Webster, there is always some element of data associated with the transaction that both sides need to reconcile.

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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.

In conversation: Facebook, data sovereignty, and why GDPR is flawed

Dataconomy

In recent weeks, the topic of data privacy, data security, data sovereignty, and how social media platforms harvest and use our information has reared its head again. Interviews Contributors Featured data privacy Data Security data sovereignty Interview polypoly

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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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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A clear-eyed approach to the data dilemma in sustainable banking

Accenture

With this post, I’m joined by my colleague Prithika Priyanshi, Senior Principal from the Center for Data & Insights at Accenture, who specializes in AI-powered sustainability. Uncategorized banking sustainability Digital Transformation ESG data

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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!