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FinovateFall Day 1: APIs, Biometrics, Big Data Analytics

Bank Innovation

The technology presented ranged from the latest in biometrics, including voice and facial recognition, the latest in how to create insights for big data use–and Read More. Today FinovateFall debuted in New York, where thirty-nine fintech companies debuted their newest toys to an appreciative, fintech-hungry audience.

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Mastercard: Online Platforms – And Data – Help Cities Tackle Urban Challenges

PYMNTS

Bright lights, big (and small) cities and Big Data. In the drive to modernize, scale and handle burgeoning populations, cities are harnessing the power of data collection and analytics to improve infrastructure and services.

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IoT, Big Data And The Tech Fueling Better B2B eCommerce

PYMNTS

Andy Brown, NCR’s marketing director of payments, says IoT and other emerging technologies are critical to this initiative, especially in B2B commerce and payments. Today, any shopper on Amazon can make a purchase and then automatically be recommended similar products they might enjoy, thanks to data analytics technology.

Big Data 146
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Redefining banking through AI and big data

NCR

Banking isn’t exempt from the disruption caused by new technologies. Artificial intelligence (AI) and data science will most likely be the fuel of the new approach to finance. The answer comes down to understanding that AI is an umbrella name for multiple technologies built on big data and neural networks.

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HSBC, Alibaba Link Up On Quick eCommerce Loans

PYMNTS

Banking giant HSBC and Cainiao Network Technology, which is a logistics arm of Alibaba Group , have announced they will offer rapid finance approvals to online merchants that use Chinese shopping site Tmall, according to reports. The paper said that HSBC hasn’t ever used third-party data to approve trade financing.

Big Data 203
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Fraudsters Target Financial Services with Small Stealth Attacks

Bank Innovation

Fraud campaigns targeting online financial services tend to be smaller, and subtler than fraud campaigns conducted for other online platforms.

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In The Age Of Big Data, Why Are We Still Flying Blind?

PYMNTS

Yet, according to Fung Global Retail & Technology, 6,985 stores closed in 2017 , up 229 percent from 2016, and well above the number of stores which closed in the year that started physical retail’s death spiral: 2008. Part of the disconnect with the Census data is that it measures averages, but nothing is ever average.

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