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.
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
The London fintech scene is on the rise. London is not only the financial hub of Europe, it has also taken the place of the global fintech capital. Building on its traditional strength in financial technology services, it is able to draw on the expertise of around 135k employees in