Credit union leverages data to launch pandemic products

Bank Innovation

Sound Credit Union is leveraging the data of its members to understand how their banking behaviors and needs are shifting during the pandemic, and which financial tools to prioritize to better meet those needs. “We

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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.

Data 418

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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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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.

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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.

CRE Loan Delinquency Data

Banker to Banker

While it is too soon to get the data on bank commercial real estate (CRE) portfolio delinquencies and forbearances, we take our benchmarks from the commercial mortgage-backed securities market as of May 14 th.

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How Fifth Third creates a data-driven CX

Bank Innovation

Melissa Stevens, chief digital officer of the 160-year-old Fifth Third Bank, is using data to advance the bank’s innovation and customer service strategy, one that hinges on being a relationship-based bank.

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Industry consortium on financial data sharing adds 25 new members

Bank Innovation

The Financial Data Exchange, an nonprofit industry consortium dedicated to unifying the financial industry around a common standard for secure and convenient consumer and business access to financial data, this week confirmed that it had added 25 new members in the second half of 2019.

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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Bankers and aggregators disagree on data-sharing approaches

Bank Innovation

While data aggregators and bankers participating in the forum agreed on the principle that consumers should have the right […].

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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!

Remote work heightens risk of data breach

Bank Innovation

Carousel Corporate Banking Exclusive Innovation Strategy Lending Premium Retail Banking Security & Risk Aite Group cybersecurity data breach Procircular remote work Security security risk two-factor authentication VPNAs financial institutions transition employees to working remotely during the coronavirus pandemic, cybersecurity threats have made them more vulnerable, according to information and cybersecurity experts.

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Behind Mastercard’s approach to data security and privacy

Bank Innovation

Mastercard has unveiled a series of principles that underline its approach to data security and privacy. In a report about global data responsibility, the payments company outlined six guiding principles that companies can abide by when protecting their customers’ data.

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.

Mastercard Debuts COVID-Recovery Data Tools For Business, Gov’t

PYMNTS

Mastercard ‘s new Recovery Insights tool will attempt to help businesses and governments assess data during the pandemic in order to make smarter decisions, according to a press release. Mastercard data economy Government MasterCard News recovery Recovery Insights SMBs What's Hot

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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 Breach Leaks 198M Car Buyers’ Personal Data

PYMNTS

A massive data breach has compromised the records of 198 million car buyers. Fowler said that it was “unclear if DealerLeads has notified individuals, dealerships or authorities about the data incident,” and as a result “potential customers may not know if their data was exposed.”.

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Protecting data 'at rest' isn't protecting data

Payments Source

Data protection strategies need to consider how data travels and how that impacts vulnerabilities and breach risk, according to comforte AG's Jonathan Deveaux. ISO and agent Data breaches Payment fraud Security risk

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The future of banking is about data-driven experiences and not products: HSBC

Bank Innovation

Instead, it will offer embedded “experiences” based on data the institution has on its customers, according to a report released by HSBC this month. The bank of the future will cease to be about specific products and services.

Data 302

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.

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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!

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.

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Overcoming The Pre-Accounting Hurdle Of Data

PYMNTS

However, other players have warned that, despite the promises of technology, accountants have yet to elevate their positions into a more strategic collaboration with SMBs — manual data entry remains one of the largest burdens, for instance. Data Integration Opportunities.

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Fintech task force deliberates pros and cons of ‘big data’

Bank Innovation

quintillion bytes of data are created every single day. As such, lenders are collecting vast amounts of consumer information and calling it “big data,” a key product to generate insights, support decision making, and enable automation. More than 2.5

Open Banking Targets SMB Apps, Payments Data

PYMNTS

The Australian Competition and Consumer Commission (ACCC) has now formally released the Consumer Data Right (CDR) rules that will set the stage for Open Banking in the country, which will take effect on July 1 of this year. Nacha Unlocks Payments Data.

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Data-Driven Marketing 101

This eBook highlights how data-driven strategies empower marketing campaigns through personalization tactics.

GoodData Partners With Visa On Data Insights

PYMNTS

The companies said they will develop data products to improve the lives of consumers and companies. Earlier this month, GoodData announced several new capabilities have been added to its Accelerator Toolkit, which is used by companies to add data analytics.

Decentralisation demands data safes

Chris Skinner

In fact, in HBO’s excellent series Silicon Valley, the guys at Pied Piper recently did a pivot to try to create exactly … The post Decentralisation demands data safes appeared first on Chris Skinner's blog.

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Poland country data-sheet

Mobile Payments Today

Country data-sheet: mobile payments in Poland

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Can Banks Safely Monetize Consumer Data?

PYMNTS

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.

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Best Practices for a Marketing Database Cleanse

As frustrating as contact and account data management can be, this is still your database – a massive asset to your organization, even if it is rife with holes and inaccurate information. Entrusting a vendor to help maintain its accuracy and completeness is no ordinary engagement. Download ZoomInfo’s latest data-driven eBook aimed to help marketing leaders understand the best practices around choosing a B2B contact data provider.

T-Mobile Hacked, User Data Stolen

PYMNTS

Telecom giant T-Mobile suffered a data breach that exposed the personal information of employees and customers to unknown hackers, according to reports. “We Fraud Attack Cyberattack Data Breach fraud hack News t-mobile What's Hot

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Unencrypted Vistaprint Database Exposed Personal Customer Data

PYMNTS

At this time, we do not know whether this data has been accessed beyond the security researcher who found it.”. Other information included order numbers and postal tracking data. Security & Fraud customer data Data Breach database encryption News Security Vistaprint What's Hot

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Google Quits Cookies As Data Privacy Regs Show Fangs

PYMNTS

As we know, mostly anonymous corporations have been collecting consumer data online for years, usually without explicit permission, selling it or using it for ad retargeting and personalization. That’s a bad moon rising for some Big Data operators.

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Utility Data’s New Identity

PYMNTS

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.

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The Time-Saving Power of Intent Data for Sales

By using the power of intent data, capturing buyer interest has become more feasible for sales. Not only that, but using it will save immense time during your workflow; a win-win on all fronts.