Tag: Big Data

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.

Payments juggernaut PayPal has strengthened its partnership with Google Cloud to help it process transactional data at a larger scale.

A report by Verizon has found that over 85% of data attacks in 2020 involved some form of human interaction.

Hot cloud storage company Wasabi has raised $112m from a Series C funding round led by Fidelity Management & Research Company.

Danish data management company CluedIn has raised $15m from a Series A funding round led by Dawn Capital.

Castlepoint helps businesses sift through complex data to reduce risk and create actionable insights.

Despite the hype around big data and data analytics, questions are placed on if it has it even come close to living up to the potential placed upon it.

Automated cash reporting software Trovata has netted $4.3m in its oversubscribed seed funding round, which was led by J.P. Morgan

A surge in financial fraud, more people owning connected devices and a desire to predict cash flow could drive the growth of the predictive analytics in banking market to increase at a compound annual growth rate of 20.8% by 2026.

Getting big data right can help businesses make money and follow the law. So why do financial firms get it wrong?