Tag: Big Data

The FCA has initiated an inquiry into the data asymmetry between technology companies and traditional financial services firms.

The digital transformation of the insurance industry has been underway for many years. Carriers have drastically improved their efficiency, speed and accuracy through the implementation of new technologies. Now the sector may be looking towards data analytics to make the latest leap in the space. 

Bright Money, a consumer FinTech firm, has announced a successful closure of its latest funding round, amassing an impressive $62m.

In a world that is becoming ever-more globalised, the need and use of data is becoming central to establishing yourself as bigger and better than the rest.

Quantexa has found 95% of organisations suffer from the data decision gap, which is an inability to bring together internal and external data needed to make accurate decisions.

A research study by MHR Analytics has discovered finance teams want to have greater control of their own digital and data futures instead of being run by external consultants.

The CEO of Apple has warned that a proposed new European Union technology law aimed at reigning in tech behemoths could ‘destroy the security of the iPhone’.

China National People Congress (NPC) has passed its first data security law aimed at strengthening the government hand over the data produced and stored in the country.

The SmartStream Reference Data Utility (RDU) was founded with Tier 1 partner banks to help them improve operational control, cut cost and comply accurately with the regulators. In a short space of time, the company has already onboarded an extensive list of clients for its reference data services, but it plans to go one step further by extending its offering with an instantly deployable suite of APIs.

Getting to grips with the threat of financial crime looms large in the minds of banks, especially as more of the world goes online. Not being able to manage modern financial crime could be terminal for them, but data could be the key to the solution.