Tag Archives: Data

You don’t need to be an expert at artificial intelligence (AI) or machine learning to use data analytics effectively. In fact, the most sophisticated form of machine learning is the …

Data now rules our lives. But when data is of poor quality and/or not handled properly, both businesses and consumers can suffer. This makes good data governance of the utmost …

Our friends at Pepperdata examine 3 important ways leading financial institutions are leveraging Big Data and analytics to improve their bottom line in this quick but informative video.  How to …

Money laundering is a serious global problem, and financial institutions are under increasing pressure from regulators to help put a halt increasingly-sophisticated criminal laundering attempts. One of the primary tools …

Advances in data science have now reached the point where they allow for a more comprehensive and accurate picture of growth opportunities and potential performance improvements to be developed. Specifically, …

Consumers expect financial institutions to provide an expert level of security when it comes to sensitive data. Over the years, however, some of the biggest data breaches have involved, in …

Kazakhstani police are investigating the leak of the personal data of Kazakhstani citizens. Earlier this year, it was discovered that an online database containing the personal data of about 11 …

The Big Data Association has announced its intention to create a sandbox for working with the anonymized personal data of association customers, including data on purchases, payment types and mobile-related …

Amendments and additions to Uzbekistan’s criminal code and administrative responsibility code governing the use of personal data have been signed into law. The updated legislation outlines a schedule of fines …

According to an Accenture Plc study, most consumers around the world would be willing to share more personal data with financial institutions if it meant that they received better services. …

In an age where convenience, speed and efficiency are king, it is unsurprising that chatbots are quickly becoming a preferred method of customer service. In fact, 69% of consumers have …

With all the recent news about cyberattacks and data leaks, one might sometimes wonder if he/she is really a target. After all, why would someone be interested in the data …

It has become obvious to most business that data is a necessary part of doing business; however, businesses must go beyond simply collecting data for it to be useful. Here …

In an environment where financial institutions are facing the regulatory need for increased transparency alongside a continued increase in data volume and velocity, the “ability to leverage data to analyze …

Check out this short video for an overview of how Big Data analytics is supporting digital transformation in the financial sector. 10 charts that explain IoT’s growth Bank BGZ BNP …

With the rise of Big Data also comes the concept of a data lake – a repository of information so large it is somewhat like a vast body of water …

Financial institutions have long used data as a way to minimize risks. This data, however, typically comes from traditional sources (credit bureaus, SEC filings, etc.). But many (79% according to …

Financial institutions sit atop huge pools of data, but they won’t enjoy the value of it if they keep using yesterday’s tools. The sad reality is that most financial institutions …

Despite the progress personalization has made in other sectors, financial institutions are falling short. The trouble is that personalization can’t be bought; it can only be built through data. And …

Data is the hottest new commodity around the world. For financial institutions, much data is already readily available to them (e.g. basic client information, client transaction histories, etc.); however, digitalization …