BankUnderground

JUNE 25, 2020

But potential fragmentation of the global data supply chain now poses a novel risk to financial services. In this blog post, we first discuss the importance of data flows for financial services, and then potential risks from blockages to these flows. Big Data and financial services. 15 of this report ).

Data 131

Data Big Data Regulation Risk Management 131

PYMNTS

MAY 17, 2018

According to a press release Wednesday (May 16), the European Central Bank (ECB), based in Germany, has chosen OpenLink to provide treasury and risk management technology to manage its euro-dominated investment portfolio, foreign reserves and other asset purchase programs.

Management 108

Management Risk Management Analytics Big Data 108

PYMNTS

MAY 19, 2016

The procurement of raw materials can expose an organization to some serious market volatility, the risk management software firm said, and much of the solutions these firms are using to mitigate risk, like ERP solutions, don’t quite make the grade when covering a business’ exposure to commodity trade risk.

Management 101

Management Risk Management System Marketing 101

PYMNTS

JULY 22, 2016

Investors seem confident in the industry’s startups and their ability to provide adequate risk management and underwriting for their loans; VCs provided more than $11.5 million in B2B venture capital was divided among alt-finance, supplier payments and Big Data services startups this past week. Seed funding for U.S.-based

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

MAY 5, 2017

In addition to the new funding, the company revealed Goldman Sachs Principal Strategic Investment group Managing Director Rana Yared would join its board as an observer. Based in China, IceKredit wields Big Data to provide credit evaluation services for small businesses. and international operations.

Fintech 137

Fintech Big Data Capital Data 137

Celent Banking

NOVEMBER 5, 2014

Perhaps reflecting the post-recession environment in which US corporates operate, I noticed little talk of traditional cash management topics like optimized sweeps or new investment vehicles. Rather, most of the buzz seemed to be around risk management, Big Data, and treasury dashboards.

Conference 157

Conference Washington Boston Big Data 157

PYMNTS

MAY 18, 2017

“They’re looking to reduce internal management of infrastructure, they’re looking to centralize the support of their operations, they’re looking to better manage their costs and they’re looking for new technologies to manage operations.”. And they have different systems across geographies.”

Fintech 101

Fintech Risk Management Management Data 101

Insights on Business

DECEMBER 15, 2015

Because traditional banks are often burdened with inflexible and costly legacy systems, they often struggle to redefine new operating and business models. Analytics : applying predictive analytics based on big data and cognitive computing, in particular, will enable banks to deepen and scale workforce capabilities.

Risk Management 120

Risk Management Analytics Big Data Leadership 120

PYMNTS

DECEMBER 11, 2018

In addition to cyber threats, professionals named the rapid pace of innovation and development of disruptive technologies, privacy and information security, and the inability to deploy big data analytics as major concerns. On the whole, researchers noted, the c-suite perceives 2019 risks as greater than in years past.

North Carolina 163

North Carolina Survey America Big Data 163

PYMNTS

NOVEMBER 30, 2018

Operating in the enterprise cloud space as well, Wave Computing announced $86 million in funding this week for its AI technologies, enabling companies to take advantage of its data with deep learning capabilities. The firm said it will use the investment to focus on operational expansion. Wave Computing. Cybersprint.

Capital 156

Capital Management Technology Operations 156

PYMNTS

OCTOBER 25, 2019

Reports in VentureBeat said the company plans to use the investment to further develop a range of products designed to manage and boost visibility of procurement spend, improve supplier management, minimize purchase order volume via bundling features and more. As part of its rebrand , blockchain payments firm BitPesa is now AZA Group.

Capital 101

Capital Fintech blockchain Management 101

FICO

JULY 16, 2019

In addition, the lender was also experiencing challenges to collection work and risk control due to human resource limitations. So, to improve the risk management of its business and break through the limitations of traditional human collection agents, SPDB looked to intelligent automation and introduced FICO’s CCS system in 2016.

Cards 40

Cards Big Data Strategy Risk Management 40

FICO

JULY 16, 2019

In addition, the lender was also experiencing challenges to collection work and risk control due to human resource limitations. So, to improve the risk management of its business and break through the limitations of traditional human collection agents, SPDB looked to intelligent automation and introduced FICO’s CCS system in 2016.

Cards 40

Cards Big Data Strategy Risk Management 40

Insights on Business

DECEMBER 15, 2015

Because traditional banks are often burdened with inflexible and costly legacy systems, they often struggle to redefine new operating and business models. Analytics : applying predictive analytics based on big data and cognitive computing, in particular, will enable banks to deepen and scale workforce capabilities.

Risk Management 70

Risk Management Analytics Big Data Leadership 70

Insights on Business

DECEMBER 15, 2015

Because traditional banks are often burdened with inflexible and costly legacy systems, they often struggle to redefine new operating and business models. Analytics : applying predictive analytics based on big data and cognitive computing, in particular, will enable banks to deepen and scale workforce capabilities.

Risk Management 70

Risk Management Analytics Big Data Leadership 70

Insights on Business

DECEMBER 15, 2015

Because traditional banks are often burdened with inflexible and costly legacy systems, they often struggle to redefine new operating and business models. Analytics : applying predictive analytics based on big data and cognitive computing, in particular, will enable banks to deepen and scale workforce capabilities.

Risk Management 70

Risk Management Analytics Big Data Leadership 70

PYMNTS

JULY 11, 2017

More than two-thirds told researchers that compliance and regulatory requirements are holding them back from providing more trade finance in the short term, while cost control pressures were identified as the top challenge for FIs’ (financial institutions) trade finance operations.

Analytics 109

Analytics Risk Management Fintech Data 109

NCR

MAY 30, 2017

There are many areas of technological innovation that are having a big impact on how the banking industry operates. The report noted that financial institutions can use AI to gain advantages such as greater efficiency, more effective risk management, better fraud detection and improved customer service.

Fraud 51

Fraud Big Data Risk Management Innovation 51

FICO

APRIL 29, 2016

“Success comes from a thoughtful combination of long term strategy and short term delivery,” said Ivan Cavinato, head of credit risk management at Unicredit. Our business case was based on increasing revenue, reducing operating cost and improving risk cost,” said Ivan Cavinato, head of credit risk management at Unicredit.

Analytics 40

Analytics DC Risk Management Washington 40

Gonzobanker

DECEMBER 20, 2019

Yes, because across the board Capital One’s executive team is committing to and delivering in the new world of Tech – cloud, big data, AI, open source, five-minute digital accounts – it’s big, expensive stuff and it’s hard work. The bank that got hacked via AWS wins the tech award? Might be time to. It’s game on.

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

MARCH 8, 2018

Credit underwriting is more reliant than ever on Big Data, and one of the industries in which this is most pronounced is the construction industry. Lenders have to mitigate risk on complicated building projects with lengthy timelines and a crowded supply chain that stretches far beyond the direct borrower.

Lending 100

Lending Data Fintech Industry 100

Gonzobanker

AUGUST 17, 2016

C-level managers see themselves as enterprise digital leaders rather than functional silo leaders. As a leadership tool, BI can be used to give banks insight into their operations that can point to low-cost innovation opportunities. This gets Lending, Retail, HR, Marketing, Finance and Risk Management all involved.

Leadership 60

Leadership Tools Big Data Risk Management 60

FICO

FEBRUARY 22, 2021

Explainable AI ensures that we know how the model operates, and we can provide reasons and explanations as to why a decision was made at an individual level. AI and Big Data has spawned two new job descriptions: chief analytics officers (CAOs) and chief data officers (CDOs). by Nikhil Behl.

Analytics 52

Analytics Data Software Digital Strategies 52

Bussman Advisory

SEPTEMBER 11, 2017

Digitalization is also changing how businesses operate. There is no end to opportunities, from improving the end-to-end client journey, enabling radical automation and process streamlining, and more efficiently managing capital — to using advanced analytics to increase share of wallet — or big data to pursue pricing excellence.

Industry 64

Industry Innovation Fintech Big Data 64

Tefkin

MAY 6, 2015

It may sound cliché but the Innovator Dilemma effect is playing at full when most of your current revenue base depends on traditional distribution / management methods. Oscar’s mobile experience not only reduces its operational cost but helps redefine the link between carrier, customer and physician and potentially affect risk levels.

Industry 50

Industry Examples Google Big Data 50

CB Insights

JULY 16, 2017

And most recently, Allianz made a strategic investment in US online homeowners and renters insurance carrier Lemonade , which currently operates in New York, Illinois, and California. ” In this area, AmFam has made investments in startups including Cozy , a rent management startup, and mobile used car marketplace Instamotor.

Strategy 28

Strategy Marketing Analytics Innovation 28

FICO

FEBRUARY 12, 2023

The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. Unlike traditional methods rooted in price sheets, loan prices now emerge from very granular Big Data-driven analytic segmentation of customer populations.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

CB Insights

DECEMBER 5, 2017

These include wireless home monitoring startup Notion (XL Innovate, Liberty Mutual Strategic Ventures), on-demand homeshare insurance startup Slice Labs (XL Innovate, Munich Re/HSB Ventures), virtual auto claims operations firm Snapsheet (USAA, Liberty Mutual), and contract-related insurance startup Bunker (American Family Ventures, Hiscox).

Strategy 28

Strategy Marketing Analytics Innovation 28

Tomorrow's Transactions

NOVEMBER 6, 2016

I tend to focus on the business models around identity, but I’m sure there are others in big data, analytics, risk management and so on. Here I am engaged in a heated debate with a noted retail banker over the likely future identity and verification ecosystem. People talk a lot of rubbish about the blockchain.

blockchain 52

blockchain United States Payments social media 52

Tomorrow's Transactions

NOVEMBER 6, 2016

I tend to focus on the business models around identity, but I’m sure there are others in big data, analytics, risk management and so on. Here I am engaged in a heated debate with a noted retail banker over the likely future identity and verification ecosystem. People talk a lot of rubbish about the blockchain.

blockchain 46

blockchain United States social media Fintech 46

Tomorrow's Transactions

DECEMBER 19, 2016

The focus on APIs increased through the year and not only for the interfaces to 3rd parties but also as a mechanism for restructuring internal processes and operations. 2017 will see the emergence of the next generation of innovation in fintech that addresses risk management and regulation for the bank. We got this one right.

Mobile 30

Mobile Retail Trends Security 30

Gonzobanker

DECEMBER 22, 2014

and Operations center in a building they recently purchased as they look to double in size over the next five years: Cornerstone: Do you think you should build out your I.T. Execution Matters Big-Time Award – Data warehouse. Risk Management. ??? The “If We Build It, Will They Come?” Then again, maybe not ….

Los Angeles 101

Los Angeles Apple Risk Management California 101

FICO

APRIL 17, 2021

And break the spells that are holding your big data projects back. Computer systems are not yet ready for operational use (though the IBM® 7090 is the butt of multiple jabs throughout the movie). To get started, check out our new " Optimizing Success " program. Chernin Entertainment). Before the Door Pictures).

Data 139

Data Analytics Management Meeting 139

Fintech Labs Insights

JULY 16, 2015

Advisor Software uses APIs and apps in a hybrid cloud architecture to steer investment advisors away from traditional wealth management software that’s too rigid, difficult to integrate, expensive, and hard to scale. ID Analytics brings patented analytics and real-time behavioral insight to consumer risk management.

Company 12

Company Mobile Software Big Data 12

Fintech Labs Insights

JULY 14, 2016

CrowdFlower tapped Microsoft to lead a $10 million round to further its big data analytics. Bank operating system. Data analytics platform. Risk Focus. Risk management for capital markets. Tags: Institutions, compliance, risk mananagement, trading, investing. Buzz Points grabbed $1.8

San Francisco 12

San Francisco Company Fintech California 12

Gonzobanker

DECEMBER 19, 2016

The big bang project is over.” Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. From Hancock Bank’s Jennifer Wilson at FIS Connect. Best Free Market Research a Retail Banker Will Ever Get. see [link] ).

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

The big bang project is over.” Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. From Hancock Bank’s Jennifer Wilson at FIS Connect. Best Free Market Research a Retail Banker Will Ever Get. see [link] ).

Utah 60

Utah System Community Marketing 60