Latest Big data News: Finextra Research

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

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

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

News/Big data

Aviva succumbs to allure of robo-advice with Wealthify purchase

UK insurer Aviva has acquired a majority stake in a startup robo-adviser for an undisclosed sum.

05 October 2017

News/Big data

BBVA uses big data to redraw city maps

BBVA is using commercial card data to redraw the maps of urban areas based on the purchasing patterns and movements of consumers as they criss-cross the city landscape.

26 September 2017

News/Big data

China Citic and Baidu to rely on AI for joint venture bank

Internet search giant Baidu and China Citic Bank have received regulatory approval to launch a direct banking joint venture offering loans and deposit accounts to Chinese consumers.

22 August 2017

News/Big data

Citi taps into Cornell Tech talent

Citi is teaming up with Cornell University, leasing space at the Ivy League school's engineering campus in order to engage with students and faculty on areas such as blockchain and machine learning.

24 July 2017

News/Big data

Thomson Reuters launches startup incubator

Thomson Reuters is opening an incubator in Switzerland, giving startups working in areas such as big data, analytics, AI and distributed ledgers access to its famed data and content sets.

06 July 2017

News/Big data

Asset managers failing to adapt to digital world

Less than half of global asset managers and asset owners think that they are adapting technology quickly enough to support their business growth needs, according to a survey from State Street.

27 June 2017

News/Big data

CIBC opens Waterloo data lab

The Canadian Imperial Bank of Commerce (CIBC) is backing a new data hub in the city of Waterloo, posting a team of data scientists at the spot to work with local students and fintech startups.

12 May 2017

News/Big data

Palantir pays $1.66m to settle hiring discrimination suit

Palantir Technologies, a Peter Thiel-founded big data outfit which claims the SEC among its clients, will pay $1.66 million to settle a US government complaint that it discriminated against Asian job applicants.

26 April 2017

News/Big data

Swift Business Forum, London - live blog

Welcome to Finextra's live coverage of the Swift Business Forum in London. This year’s conference will focus on the key issues affecting the financial industry, particularly as they impact UK and global markets. In an ever-increasing ‘instant’ world, the agenda will look at how financial institutions can stay resilient and secure, while continuing to innovate and navigate change.

25 April 2017

News/Big data

Bank of England accelerator to tackle Big Data and privacy in distributed ledgers

The Bank of England is inviting applications for its latest accelerator project with an emphasis on conducting proofs of concept around machine learning and privacy in distributed ledgers.

19 April 2017

News/Big data

Fintech lender Tala scores $30 million funding round

LA-based mobile technology and data science lending startup Tala has has raised more than $30 million in Series B financing, led by IVP and joined by Ribbit Capital. Additional participants include existing investors Lowercase Capital, Data Collective, Collaborative Fund and Female Founders Fund (F3).

18 April 2017

News/Big data

BBVA creates global head of data role

BBVA has installed veteran David Puente as global head of data, a new position at the "highest level" of the Spanish banking group.

29 March 2017

News/Big data

Poland's Alior to slash branch network in 'digital disruptor' push

Poland's Alior Bank is vowing to cement its place as a leading 'digital disrupter' over the next three years, slashing the size of its branch network and pumping money into technology.

17 March 2017

News/Big data

Singapore and Abu Dhabi sign fintech co-operation agreement

Regulatory authorities in Singapore and Abu Dhabi have inked an agreement to support fintech startups entering each territory and undertake joint project on the application of new technologies in finance, including mobile payments, distributed ledgers and big data.

08 March 2017

News/Big data

Acadian Asset Management taps Microsoft big data tech for investment guidance

Acadian Asset Management is set to start using a Microsoft prediction engine which draws on data from social media and Web searches to guide investment decisions.

08 March 2017

News/Big data

DBS launches hackathon to identify top coding talent

Singapore's DBS is to run a coding challenge and hackathon to identify fresh talent and fill 100 new developer jobs.

20 February 2017