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Finance

With billions of transactions processed daily, data is a key asset in the financial sector. Big Data allows that information to be leveraged, turning it into a competitive edge.

Data ScienceFinanceFinTech

Elephants in a Storm. Oil tankers take ages to move. Even when there’s a storm ahead, complex machinery, pulleys, engines and switches have to be enabled to make the smallest change in direction. Organizations and Big Data are the same, they use masses of compute power in order to gain

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Artificial IntelligenceFinanceMachine LearningNews

Banking giant UBS will harness Artificial Intelligence to provide its clients with personalized counsel.“Banking is one of the most rudimentary industries when it comes to digitalization,” Dirk Klee, chief operating officer for UBS wealth management and responsible for digital initiatives, said in an interview, reportsBloomberg.   “EBay, Amazon – everything

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Data ScienceFinanceNews

Kensho, a pioneering real-time statistical computing systems and scalable analytics architectures announced on Monday that it has acquired a $15 million funding round led by Goldman Sachs. The bank will roll out the platform across its business as well as to some of its big clients. The terms of the

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Finance

Weeks before the release of their paper, “Quantifying the semantics of search behavior before stock market moves”, Dataconomy met with Dr. Suzy Moat and Dr. Tobias Preis to discuss their research on predicting the stock market by analyzing Google and Wikipedia searches. The initial two studies — which asked the

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Data ScienceFinanceNews

Intersec, a provider of monetization solutions for mobile operators through big data collection, has landed $20 million in a series B funding round from Highland Capital Partners Europe and other existing investors. With headquarters in Paris and New York, and offices in Dubai, Saint Petersburg, Singapore, Abidjan, Sao Paulo,Madrid, and

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FinanceFinTech

Take a large quantity of jelly beans. Put them in a tall glass jar. Ask a group of children to guess how many are inside in exchange for a prize, then watch their faces light up with excitement. No one would call this an exercise in predictive analytics, but at

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Data ScienceFinanceNews

Credit Karma, a Web-based consumer finance and technology startup, procured $75 million in an add-on growth round of funding. Participation came from existing investors Google Capital, Tiger Global, Ribbit Capital and Susquehanna Growth Equity, bringing the total to $193.5 million in equity investments so far. Eight months after raising $85

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ConversationsFinance

We met with Toby Rush, the CEO of Eyeverify, at the Finovate conference in San Jose. Toby is a 13 year mobile and wireless veteran. As founder and CEO of two mobile ventures, his deep expertise in imaging, sensors and mobility gives him early insight into the trends and technologies impacting

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Data ScienceFinanceNews

Follow @DataconomyMedia The Financial Industry Regulatory Authority, a Wall Street authority responsible for overseeing brokerage firms, have announced they’re in the process of moving all their data to the cloud. It is hoped that the move will save the agency $10 million to $20 million a year, as well as

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Big DataFinanceNews

Jim Smith, Executive VP and Head of the digital channels group at Wells Fargo, has been discussing recent innovations within the company. Among these innovations is the establishing of Big Data lab, which will augment customer experience, help to identify and prevent fraud, and garner insights about who’s using their

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