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.
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
With Latest $75M Funding Intended for Growth and Product Development, Credit Karma Now Valued at Over $1 Billion
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
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
We met with Michael Carvin, the CEO & Co-founder of SmartAsset.com, at the Finovate conference in San Jose. SmartAsset is a finance platform that empowers users with highly personalized information and recommendations around financial decisions. It’s the Web’s first personal finance platform designed to empower people with highly personalized information and recommendations
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
Context Relevant, a predictive analytics startup, announced yesterday that it has raised $21 million in Series B funding. Formation 8 led the Series B investment, with participation from a large unnamed bank, an unnamed insurance agency, Bloomberg Beta, Madrona Venture Group and Vulcan Capital. Although there are a number of
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?
SAN DIEGO, CA – Dealstruck, Inc, selected as the exclusive crowdlending partner to demo at FinovateSpring 2014, April 29-30 in San Jose, today unveiled two new products. The first product is an application programming interface (API) for institutional investors, which provides them with the raw data for every deal presented on