We got in touch with Jeff Thorness, CEO and Founder of Forte Payments, through the FinDEVr Conference in San Francisco. As Founder of the company he bootstrapped the venture from inception in 1998 to a 115-people operation in 2014. Over time the company has become a leader in omni-channel payments

JP Morgan Chase, one of USA’s largest banks, has disclosed the scope of the massive data breach that the firm had suffered between June and August this year, in an SEC filing Thursday afternoon. As per the filing, data from 76 million households and 7 million small businesses was compromised

An investigation into last week’s JP Morgan data breach has revealed clues that hackers used a “global network of computers” for hire to reroute the data stolen from the bank to a major Russian city, according to sources close to the story. A report published by Bloomberg explains: a “bulletproof”

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

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

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

Big data is allowing Western Union to be proactive in fight against fraudulent wire transfers. They are using massive databases of customer information to analyse the risk that particular transactions may be fraudulent. If they believe any given transaction is the result of a scam, they have the power to

Follow @DataconomyMedia We caught up with Laurent Schüller, Head of Brand Management at Kreditech, to discuss innovations in the personal finance market and Kreditech’s plan for the future. Kreditech is a BIG DATA infrastructure that allows for credit bureau independent acquisition, identification, scoring, retention management in consumer lending. Can you tell us a little bit about Kreditech?

According to research conducted by Capgemini, the lack of consumer analytics in commercial banks is proving to be a large impediment to their growth and success. The research shows that banks applying analytics to customer data have a four-percentage point lead in market share over banks that do not, and

State and local officials in Iowa announced on Friday that Microsoft will begin constructing a new data center in Iowa. This will be Microsoft’s second data center in the region, bringing its total investment to nearly $2 billion, the largest in the state to date. “Records are made to be