Latest Big data News: Finextra Research

JPMorgan-backed FinLab competition calls for applications from women and people of colour

The Financial Solutions Lab (FinLab), an innovation programme backed by JPMorgan Chase, is looking to make fintech a little less male and white, calling on entrepreneurs of colour, women and people with disabilities to take up its latest challenge to develop products that can support under-represented communities - and, in the process, bag a slice of a $3 million prize fund.

01 March 2018

News/Big data

Human traders out of pocket as buy-side shifts budget to technology spend

Institutional investors are shifting budgets away from human traders to spend more on technology, according to research conducted by Greenwich Associates.

13 February 2018

Company update/Big data

Siren raises EUR3 million seed round; appoints ex-Bloomberg exec as CEO

Siren today announced it has raised a €3M seed round to deploy world-leading semantic data investigation technology in new sectors, as an addition to their existing work with law enforcement agencies.

07 February 2018

Company update/Big data

Trifacta raises $48 million

Trifacta, the global leader in data wrangling, announced $48 million in financing from new strategic investors, including Columbia Pacific, Deutsche Börse, Ericsson, Google, and New York Life along with participation from existing investors Accel, Cathay Innovation, Greylock Partners, Ignition Partners, and Ridge Ventures.

31 January 2018

News/Big data

GoCompare opens up APIs to fintech firms

UK price comparison site GoCompare is opening up its APIs to fintech firms, letting them pump in anonymised transaction data for analysis.

31 January 2018

News/Big data

Sbanken opens developer portal and invites customers to build their own digital bank

Norway's Sbanken has opened a developer portal through which customers can use a host of open APIs to build their own digital banking platforms, with the best efforts winning cash prizes.

19 January 2018

Company update/Big data

Houlihan Lokey acquires Quayle Munro to build new data and analytics service

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it has agreed to acquire Quayle Munro Limited (Quayle Munro), an independent advisory firm that provides corporate finance advisory services to companies underpinned by data & analytics, content, software, and services.

16 January 2018

News/Big data

Europe begins Open Banking era in subdued style

The EU's second Payment Services Directive (PSD2) took effect on Saturday 13 January, bringing with it the start of Open Banking, however the prospect of a sudden revolution is likely to be thwarted by unresolved technical and regulatory issues and a lukewarm reception from consumers.

15 January 2018

News/Big data

Exchanges call for global fintech standards

As new technologies such as AI and DLT transform the capital markets landscape, the World Federation of Exchanges (WFE) has called on regulators to hold new fintech entrants to the same standards as established players.

11 January 2018

Company update/Big data

Iguazio opens Apac HQ in Singapore

Iguazio, the leading data platform powering continuous analytics and event-driven applications, announced today the opening of its Asia Pacific (APAC) regional headquarters in Singapore.

07 December 2017

News/Big data

Big data and software robots crunch compliance costs for Credit Suisse

Credit Suisse says that a new big data platform and the intelligent deployment of software robots is reversing years of rising compliance costs.

01 December 2017

Company update/Big data

Quebec regulator appoints Moad Fahmi director, fintech and innovation

The Autorité des marchés financiers (the "AMF") is pleased to announce the appointment of Moad Fahmi to the new position of Director, Fintech and Innovation.

22 November 2017

News/Big data

Boardroom ignorance holding back bank's tech plans

Bank's IT departments are unable to pursue innovation with the latest digital technologies because they have lost influence in the boardroom with senior managers that do not properly understand new technology.

16 November 2017

News/Big data

Singapore offers $20m grant for banks' AI and data projects

Singapore has stepped up its fintech ambitions with the offer of a S$27m ($19.91m) grant to promote the further use of artificial intelligence and data analytics in the financial services market.

15 November 2017

News/Big data

NAB goes on tech hiring spree

As it kicks off a three-year programme designed to simplify the bank and reshape its workforce for the digital age, Australia's NAB is promising to immediately hire 600 technology specialists in the areas of software engineering, data, architecture and security.

10 November 2017

Company update/Big data

Credit Suisse kickstarts AI-based stockpicking

Credit Suisse announced today the launch of the Credit Suisse RavenPack Artificial Intelligence Sentiment (AIS) Index, a result of its collaboration with RavenPack to create quantitative investment strategies from news analyses leveraging RavenPack's artificial intelligence algorithms.

30 October 2017

Company update/Big data

Advanced Logic Analytics appoints Ryan Shuttleworth as CTO

Advanced Logic Analytics (ALA), a provider of finance and trading analytics solutions for buy- and sell-side institutions and other financial firms, is delighted to announce the appointment of Ryan Shuttleworth as Chief Technology Officer.

24 October 2017

News/Big data

Sibos 2017: How to profit from the data goldrush

The billion dollar question at today's Sibos Future of Money session: Who is going to be able to successfully extract the gold from the data mine and become the Amazon of the financial services world?

18 October 2017

Company update/Big data

FNA ships Graph Analytics Platform

Today, FNA is officially launching the first Graph Analytics Platform for Financial Institutions.

18 October 2017

News/Big data

Thomson Reuters commits $100m to Toronto technology centre

A year on from its launch, Thomson Reuters is doubling down on its Toronto technology centre, committing another US$100 million to the project, which will eventually be home to 1500 staffers working on areas such as cloud computing, big data and AI.

12 October 2017