Data/analyticsRSS

Softbank gets hard for data-powered AI

softbank

“Those who rule chips will rule the entire world. Those who rule data will rule the entire world. That’s what people of the future will say.” The words of Softbank’s founder and CEO Masayoshi Son, who was bigging up his company at a presentation in Tokyo and laying down some future plans that artificial intelligence […]

Data Pitch launches European accelerator

data pitch 1

Data Pitch has unleashed its new accelerator in the search for start-ups and SMEs across Europe with fresh ideas for data products and services. The plan is to connect data providers “with nagging business problems” to firms with the right solutions. It’s not limited to fintech, but successful applicants will receive up to €100,000 equity […]

Absa targets African millennials with Hello Soda partnership

Absa

Absa Bank, a subsidiary of Barclays Africa, has partnered with multilingual text analytics and big data firm, Hello Soda, as it looks to tap into the millennial market. The bank says it wants to make sense of unstructured social data to better understand its consumer base. According to Absa, Hello Soda provides new ways for […]

Ephesoft earns $15m investment from Mercato Partners

Ephesoft 1

Document capture and data analytics company Ephesoft landed $15 million in Series A funding from Mercato Partners. This marks the company’s first round of funding since it was founded in 2010, reports Finovate (Banking Technology’s sister company). “Mercato’s investment will help Ephesoft realise its vision of liberating meaning through machine learning technology,” says Ike Kavas, Ephesoft’s founder. […]

Europe has another go at getting more access to private data

European Commission

An inevitable consequence of the recent spate of terrorist incidents has been calls for greater access to private data and now the European Commission has joined in, reports Telecoms.com (Banking Technology‘s sister publication). According to a Reuters report the European Union (EU) wants to make it easier for authorities to get hold of private data […]

What happens to banks when they overlook their CRM data?

CRM

Keeping high data quality in customer relationship management (CRM) should be among banks’ top priorities! We explore how outdated customer profiles and poor data quality may hurt banks’ efficiency.

StatPro to acquire risk and performance analytics business from UBS

UBS and StatPro agree acquisition deal

UBS is selling its risk and performance analytics service, UBS Delta, to StatPro Group, a provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry.

White paper: data science for banking and insurance

Dataiku

The disruptive threat is real, but the battle is not lost. Download this white paper for practical advice on surviving and thriving in the era of internet giants and fintech start-ups.

Data gets greater with new Singapore group

Monetary Authority of Singapore

The Monetary Authority of Singapore (MAS) has set up a new Data Analytics Group (DAG) with effect from 15 March 2017 as it looks to improve the financial sector and digital economy. DAG will use data analytics for insights, “enhance the supervision” of financial institutions, make regulatory compliance better for financial institutions, and improve work […]

CIBanco deploys Swift’s compliance services suite

Fighting financial crime with Swift's tools

Mexico-based CIBanco has signed for a compliance services suite from Swift, which comprises compliance analytics and sanctions screening tools and KYC Registry.

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