News Topic: Analytics
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A new kind of British invasion: Regtech hackathons
Tech sprints that bring regulators together with bank officials, data scientists and software companies originated in the U.K. and have crossed the pond into the U.S. ... Read full article
PayPal’s crackdown on human trafficking
The payments company is working with nonprofit organizations, law enforcement authorities, victims and others to make it harder for the criminals behind the modern slave trade to move money. ... Read full article
Online lender Petal hires Kabbage’s chief risk officer
Kaustav Das was part of Kabbage’s effort to transform small-business lending by using new data analytics, and the CEO of Petal wants him to help it do the same in consumer credit cards. ... Read full article
The reason Even waited on rolling out automated savings
The financial wellness fintech focused initially on building an app that helped people understand their financial picture, CEO Jon Schlossberg says. ... Read full article
Visa’s Plaid deal shows you can teach an old dog new tricks
The acquisition will vastly expand Visa's platform, giving it nearly Amazon-like influence. ... Read full article
A tech solution to the pot banking problem
New data analytics could help provide more comfort to banks in doing business with the cannabis industry, despite restrictive federal laws. ... Read full article
Bank vendors hungry for small-business analytics
Jack Henry's acquisition of Geezeo and NCR's purchase of D3 Technology are fueling predictions that more small-business data firms will be takeover targets for legacy techs trying to court small bank and credit union customers. ... Read full article
Fintech MX gets $100 million in funding to expand operations
The fast-growing fintech, which says its mission is helping banks be better consumer advocates, will use its cash infusion for hiring, software development and new partnerships. ... Read full article
Citi's latest executive moves in consumer analytics, private banking
Citigroup has hired Murli Buluswar as head of analytics and information management in its U.S. consumer banking segment. It also has promoted Tracey Warson from head of Citi Private Bank, North America, to chairman of the unit. ... Read full article
Equifax, FICO join forces to give banks one-stop analytics product
The new cloud-based solution is intended to help financial institutions make quicker credit decisions by integrating consumers’ histories with advanced software. ... Read full article
Fintechs try wooing banks back to construction lending
Software startups say bringing borrowers, builders and lenders onto one digital platform can remove some of the risks lenders faced during the crisis. ... Read full article
How some banks, fintechs are tackling the tech-talent shortage
Bank of America, MX and Carolina Fintech Hub are training refugees and nontechies to become developers while at the same time showing corporate citizenship. ... Read full article
AI fintechs flush with venture capital sharpen focus on bank market
ComplyAdvantage, Cinnamon and Zoovu recently raised millions of dollars to fuel expansion of their automated risk management, data-scanning and customer service products geared toward financial services companies. ... Read full article
Citi Ventures invests in consumer analytics firm Second Measure
Citigroup's venture capital arm is investing in technology that provides real-time analysis of millions of consumers' card transactions. ... Read full article
Disney executive joins Union Bank to head data insights team
Una Fox will be in charge of using AI and other data-driven technology to figure out what customers want from digital banking and how they want it. ... Read full article
Can crowdsourcing mitigate a dearth of data scientists for banks?
Data scientists from NASA, Google and hundreds of other places are working for financial firms in their spare time. Is this a good idea? ... Read full article
Making business analytics as easy to use as a smartphone
Envestnet|Yodlee wants accessing data to be as simple as selecting a song to play, while bringing institutional analytic power to the bank branch level. ... Read full article
What is KeyCorp's 'data factory'?
A big investment in data and analytics is paying off for KeyCorp, says Chief Information Officer Amy Brady. ... Read full article
Citizens Bank mines big data to drive loan, deposit growth
At Beth Johnson's insistence, the bank built an analytics platform that can anticipate customers' needs. It's an investment that is paying off in big ways. ... Read full article
