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BNY Mellon, Microsoft launch data and analytics solution

BankInovation

Bank Of New York Mellon launched three new data and analytic products with Microsoft last week to provide data services to investment institutions. The three products, namely, Data Vault, Distribution Analytics and ESG Data Analytics, will be available on Microsoft Azure.

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Sky’s The Limit For Cloud Computing

PYMNTS

In a study published this month, “Cloud Computing — Thematic Research,” GlobalData , the London-based analytics company, reported cloud computing has grown significantly in recent years. In simple terms, cloud computing is storing and accessing data and programs over the internet instead of a computer’s hard drive.

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REPORT: Payment Tech Tops FIs’ Innovation Agendas

PYMNTS

PYMNTS surveyed more than 200 FI decision-makers to examine the specific innovation areas in which banks are focusing on, now, and in the years ahead. We also analyzed how the areas that FIs are focusing on relate to such factors as level of investment, on-time performance and innovation strategy.

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Where Credit Unions Invest To Get The Best ROI

PYMNTS

The new Credit Union Tracker highlights the latest solutions to emerge from these partnerships and how CUs are finding innovative ways to engage with their members, collect data insights and improve services. Around the Credit Union World. About the Tracker.

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What Does and Gen AI Strategy Look Like for a Community Bank?

South State Correspondent

Because Gen AI enterprise use is in the nascent stages, a workable strategy should highlight how Gen AI will be governed, monitored, and managed. In addition, a Gen AI strategy should also be interconnected with any data/analytics strategy since many Gen AI applications will be powered by the banks data.

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How Innovation Priorities Are Evolving for FIs

PYMNTS

Fraud and security innovation has seen a slight decline, from 50.0 Data analytics is ready for a surge in interest, however. The index component of the PYMNTS Innovation Readiness Index is a score from zero to 100 in terms of innovation readiness, based on a survey of more than 200 executives from United States banks.

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PSCU: Owner CUs Saw Rising Debit, Credit Sales Volumes Over The Holidays

PYMNTS

PSCU’s Data & Analytics and Advisors Plus workforces collected and examined information from credit unions that harnessed PSCU for credit and/or debit processing during the 2020 and 2019 holiday seasons to calculate the 2020 holiday data. Payments credit union service organization (CUSO) PSCU reported 11.4