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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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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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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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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5 Things a Data Scientist Can Do to Stay Current

DataRobot together with Snowflake – a leading cloud data platform provider — is helping data scientists stay current with the latest technology and data science best practices so that they can excel in an increasingly AI-driven workplace. Five Things a Data Scientist Can Do to Stay Current offers data scientists guidance for thriving in AI-driven enterprises.

Finicity Extends API Expertise; Signs Data Access Agreement With Brex

PYMNTS

18) that it has signed a data access agreement with Brex , a company that provides financial services that help scale early-stage businesses. According to Finicity, the move extends its leadership in providing direct data access through the use of APIs to the FinTech category.

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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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T-Mobile: Hackers Accessed Customer Call Data

PYMNTS

A web page to which some customers were pointed states that the stolen data “may have included phone number, number of lines subscribed to on your account and, in some cases, call-related information collected as part of the normal operation of your wireless service.”.

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Amid Rising Disruption, Fleet Data Smartens Up To Cut Costs

PYMNTS

The need for integrated data analytics has never been more significant and impactful given our current climate," he said. But with fleet managers struggling to coordinate across a range of platforms and a sea of data, tightening the grip over operations can be a challenge.

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Poland country data-sheet

Mobile Payments Today

Country data-sheet: mobile payments in Poland

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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.

Swap.com Uses Data Analytics To Fight Post-Holiday Fraud Surge

PYMNTS

The 2020 holiday season’s unprecedented online presence made it a honeypot for fraudsters looking to steal data, funds and use stolen credit cards.

Mastercard’s Vosburg: Trusted Intermediaries Will Drive Consumer Data Aggregation

PYMNTS

There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. Big data, it used to be called. He argued that data sharing is also an area that the U.S.

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New Data: Consumers Want Banks To Use Location Data To Keep Accounts, Transactions Fraud-Free

PYMNTS

Being granted access to their customers’ true geographic locations could give financial institutions (FIs) crucial access to data that could protect consumers’ accounts, especially as more of them use mobile channels to shop and pay.

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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. Her mandate is to help client banks and institutions use customer data more effectively, allowing them to build […].

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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.

PwC Creates LIKEZERO For Enhanced Data Capture

PYMNTS

PwC has spun out its technology for proprietary intelligent data capture to help create a new business, LIKEZERO , focused on next-generation data capture, a press release says. B2B Payments accounting B2B data Innovation LIKEZERO News partnerships PWC What's Hot In B2B

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ISPs Reinstate Data Caps For US Employees Working From Home

PYMNTS

The mass increases of people working and learning from home during the pandemic have resulted in changes in habit for internet use, but also new strategies to keep bills down as internet service providers (ISPs) start putting data caps back into play, The Wall Street Journal (WSJ) reported.

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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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Instacart Denies Reported Data Breach Affecting 280K Users

PYMNTS

Hundreds of thousands of Instacart customers are having their personal data sold on the dark web, including the last four digits of their credit cards, and the data could include people who used the popular delivery app as recently as this week, according to a BuzzFeed News report.

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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!

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.

Data 193

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 Carousel Credit Unions Exclusive Lending Premium Product Design Retail Banking Coronavirus data reporting data structure Information Builders Inc pandemic Sound Credit Unioin

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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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How EDI Keeps The Invoice Data Flowing

PYMNTS

Data sharing with business partners, particularly suppliers, has evolved from a beneficial strategy that drives efficiency, to a vital way to keep business operations moving amid the pandemic. Achieving Data Clarity.

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How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Optimizing Data To Unlock Trade Finance Collaboration

PYMNTS

Moving data and assets between those partners around the world continues to be both challenging and expensive, but automated technology can help ease the burden and open the door up to trade financing opportunities.

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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. Compliance Exclusive Innovations Insurance Open Fintech Risk Startups 3 Startups to Watch AI data analytics machine learning

JPMorgan: Using Transaction Data To Help Merchants Optimize Cash Flow

PYMNTS

As merchants accelerate their digitization roadmaps, the volume of data they’re able to work with increases. said Wimmer, who oversees the data and analytics efforts of firm’s payments-focused businesses. The Nine Levers Of Data Optimization.

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Amazon To Pay Consumers For Their Shopping Data

PYMNTS

Named the Amazon Shopper Panel, it will pay users in exchange for the data and answering some short surveys. Participants will reportedly earn as much as $10 per month if they share data on receipts for purchases not made on Amazon. That data will be used anonymously, the company says.

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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.

Return To Sender: Address Data Costs U.S. Businesses Billions

PYMNTS

Mailing is a huge problem, data quality is a core problem and there are statistics out there that say [improper addressing] costs U.S. But Walker said the good news is that faulty-data delivery problems are almost always avoidable — and easy to correct. “It

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

PYMNTS

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?

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How open data can help in the post-pandemic era

Accenture

As I illustrated in my last post, there are already plenty of examples of open data innovations being used to help with the unprecedented disruption and uncertainty that the COVID-19 crisis has caused. The question now is: What’s next for Open Banking and open data more broadly?

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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

Data 110

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.