Tag Archive for financial data

USAA and IBM Join Forces to Serve Military Members

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by Angela Guess In a new report out of IBM, the company has announced that “the cognitive capabilities of IBM Watson technology are now available to USAA members. USAA is the first to commercialize the use of Watson as a consumer-facing application. USAA, a financial services provider for the military community, is offering IBM’s Watson Engagement Advisor in…

Collibra Releases New Data Governance Suite for Banks

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by Angela Guess Compliance Week reports, “Collibra, a global data governance provider, has released a new product suite, designed to help large, complex financial institutions directly address some of their most challenging regulatory compliance and data reliability challenges. Designed for scalability, ease-of-use, and quick deployment, Collibra’s new Data Governance Center for Financial Services can be deployed…

Improving Data Governance at the Bank

Mass job creation and the space-time lifecycle view of entrepreneurship and investment

by Angela Guess Julie Benson of Banking Tech recently wrote, “Recently there has been a significant number of new regulations requiring financial institutions to increase the amount of data fields they have on their customer records – whether it’s FATCA indicia or EMIR classifications… We are also seeing more swingeing fines imposed by the regulators when…

Why Analytics Teams Should Run Their Own Tech

Tug-o-war

by Angela Guess Toby Wolpe of ZDnet reports, “Analytics teams need dedicated infrastructure or risk being held back by their own IT departments, according to the head of data insights at a major UK bank. The Royal Bank of Scotland, which generates copious data from more than 400 branch-based transactions for businesses per second, has just…

Executing an Effective Data Agenda in the Financial Sector

Money

by Angela Guess Hyong Kim of Ernst & Young recently laid out the key principals financial institutions must follow in order to execute an effective data management strategy. He writes, “Regardless of size and shape, and whether they are from Main Street or Wall Street, all financial services institutions struggle with a common issue–turning data into…

Do You Need a Chief Data Officer?

The Donatello Boardroom

by Angela Guess Richard Lee of Information Age recently wrote, “Since the crash of 2008, the role of ‘chief data officer’, or CDO, has emerged in the financial services and insurance industries to help them address their growing regulatory requirements. In each of these sectors, the need for more rigorous governance and provenance schemes forced…

Improving Big Data at Banks with an Innovation Lab

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by Angela Guess Steve Ranger of ZDnet reports, ” A 12-week programme which aims to help young financial technology companies accelerate their product development, while giving them access to top banking executives, is looking for applicants. The FinTech Innovation Lab is run by Accenture with support from banks including Bank of America, Barclays, Citi, Credit…

Managing Human Risks with Big Data

Planet Orange

by Angela Guess Steve Hunt of GigaOM reports, “An overwhelming increase in the amount of available data coupled with logarithmically expanding bandwidth and the increasingly global nature of financial transactions has created security challenges for banks and financial institutions that were unimaginable just five years ago. During those same five years, the technology landscape within…