Big Data

Financial Institutions Turn to Huawei’s Converged Data Lake Solution to Accelerate Banking Innovation

Like many other areas of the economy, the financial services sector is undergoing a data revolution. Every day, the global banking industry generates massive amounts of data by processing hundreds of billions of financial transactions as well as through interactions

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How Data Privacy Affects Engagement in Financial Services

It may be a challenge for brands in highly-regulated spaces, but meeting customer expectations is both possible and essential. To get there, marketers need to ensure that they strike the right balance between data privacy/security and innovation. Let’s explore the

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How to Get Customer Messaging Right in Financial Services

If fintech brands aren’t mindful of today’s looming threats, they may find themselves losing out not just to banks, but to non-financial brands. Think Apple’s wildly successful credit card debut, with over $10 billion dollars of extended credit within two

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3 Big Customer Engagement Drivers for Financial Services

In financial services, the growing number of fintech startups and incumbents’ late-to-the-game focus on technology has led to some of the fiercest competition of any industry. Banks are throwing multi-billion-dollar technology budgets into digital transformation initiatives, while fintech brands are

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Finastra Launches Its Fusion Data Cloud Platform

Finastra announced the launch of its data platform, the Fusion Data Cloud. The suite of solutions is designed to help financial institutions improve customer engagement, grow revenue, digitise processes for efficiency, and manage risk. Underpinned by the FusionFabric.cloud open developer

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Banks Must Gear Up for Upcoming Data-Intensive Era, Experts Say

Changing customer expectations, the rise of big techs, and COVID-19 are accelerating banks’ digital transformation, forcing them to upgrade their infrastructure to meet the requirements of the data-intensive era, experts said. At the Huawei APAC FSI Data Storage Summit virtual

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GBG Invests US$7M in CredoLab’s Series A Funding Round

GBG, an identity data intelligence specialist, announced that it has led the US$7 million Series A investment round in CredoLab, a developer of bank-grade digital risk scorecards. Established in Singapore in 2016, CredoLab is said to have approved over US$2

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Data Science at the Heart of the Fintech Revolution

Data science, which involves developing methods of recording, storing and analyzing data to extract useful information and gain insights, has created a drastic change in the financial services industry. Considered as the core of fintech, data science and its allies

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Unlocking the Value in Payments Data With Technology and Partnerships

Over the years, banks have been creating exponentially growing mountains of data – much of it with huge potential value. However, despite their ability to create it, banks have not always been good at making the best use of it.

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Cloud Computing, a Major Tech Trend in Finance This Year, Also in Singapore

Many financial institutions are already using cloud-based software-as-a-service (SaaS) applications for business processes, but 2020 is set to be the year that adoption accelerates, experts and industry participants say. Cloud computing: one of the biggest trends of 2020 Cloud computing

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