Latest Big data News: Finextra Research

Power in numbers: Two Capital One staff charged for mining database to predict stock prices

Two Capital One employees have been charged with insider trading by the Securities and Exchange Commission after they mined customer transaction data to successfully predict stock performance.

30 January 2015

News/Big data

North American banks disillusioned with big data analytics - Aite survey

Despite the hype surrounding big data, three quarters of North American bankers are dissatisfied with analytics technology, according to research from Aite Group.

09 January 2015

News/Big data

AmEx creates Silicon Valley tech hub

American Express is opening a technology hub in Silicon Valley that will house a team building up the card giant's capabilities in big data, cloud computing and mobile.

12 December 2014

News/Big data

Insufficient data the greatest obstacle to better risk management - bank execs

Despite ever-growing volumes of data, just over half of banks still think that not having enough is the greatest obstacle to better risk management, according to a survey from the Economist Intelligence Unit.

11 December 2014

News/Big data

BBVA acquires big data startup Madiva

BBVA has acquired Spanish big data and cloud computing startup Madiva Soluciones as part of its strategy to buy up companies that are developing new technologies and disruptive business models.

10 December 2014

News/Big data

Goldman takes stake in data analytics platform Kensho

Goldman Sachs has led a $15 million investment round in Kensho, a startup that is seeking to supplant human equity analysts with intelligent big data mining bots.

24 November 2014

News/Big data

BNY Mellon establishes Silicon Valley innovation centre

Investment management and services group BNY Mellon has set up an innovation centre in Silicon Valley as it seeks to harness the power of big data, cloud computing and the Internet of Things.

18 November 2014

News/Big data

Barclays and CommBank explore open source collaboration pact

Barclays Bank is to work with Commonwealth Bank of Australia on the development of open source tools for analysing large data sets in an effort to break free from the tyranny of vendor licensing fees.

03 November 2014

News/Big data

Standard Bank deploys IBM's Watson to crunch customer data

Standard Bank of South Africa has become the latest financial institution to enlist IBM's Watson cognitive computing platform to help it make the most of customer data.

24 October 2014

News/Big data

Ex-Pimco boss El-Erian invests in P2P lender Payoff

Former Pimco chief executive Mohamed El-Erian has become the latest big name from the world of traditional financial services to take an interest in P2P lending, making an investment in US outfit Payoff.

22 October 2014

News/Big data

First Derivatives to take controlling interest in Kx Systems

First Derivatives has agreed a £36 million deal to acquire a further 46.47% stake in high performance database outfit Kx Systems, giving the firm a leg-up into the market for big data systems in capital markets and other vertical industries.

17 October 2014

News/Big data

CME venture fund finds value in big data

Liquidity Ventures, the strategic tech innovation fund set up by the Chicago Mercantile Exchange, has completed its fourth transaction this year with an investment in big data company Powerlytics.

10 October 2014

News/Big data

Accenture brings Fintech Innovation Lab to Dublin

Accenture's Fintech Innovation Lab is landing in Ireland, with banking and tech giants throwing their weight behind the Dublin-based accelerator programme.

09 October 2014

News/Big data

Yodlee Interactive adds location-based insight to financial data API

Yodlee Interactive is launching a private beta programme that will marry its transactional data with geo-location information in an effort to make app offerings more personalised.

30 September 2014

News/Big data

Big Data firm Context Relevant secures funding; signs BofA and Goldman as clients

US-based risk analytics outfit Context Relevant has completed $13.5 million in Series B-1 funding and signed strategic partnerships with Bank of America Merrill Lynch and Goldman Sachs.

26 September 2014

News/Big data

Barclaycard buys The Logic Group

Barclaycard is boosting its capabilities in the lucrative rewards market through the acquisition of payments and loyalty specialist The Logic Group. Financial terms have not been disclosed.

08 September 2014

News/Big data

Former PayPal founder Levchin wants to upend consumer finance

Former Paypal co-founder Max Levchin is looking to disrupt the payments market once again with the launch of a new service that lets online merchants advance credit to consumers at the point of sale.

10 July 2014

News/Big data

Santander launches $100m fintech venture fund

Spanish banking giant Santander has launched a $100 million, London-based fintech venture capital fund as it bids to get in on the ground floor at startups leading the financial services digital revolution.

03 July 2014

News/Big data

Finextra Leadership: Sberbank's digital adventurer

As head of Digital Ventures at Russia's Sberbank and a partner at fintech VC firm SBT Venture Capital, Mircea Mihaescu is helping to shape the future of financial services. He talks to Finextra about how giant incumbents and upstart challengers are approaching the digital revolution.

20 June 2014

News/Big data

Fintech Innovation Lab lands in Hong Kong

Accenture has teamed up with some of the world's biggest banks to bring its Fintech Innovation Lab to Asia Pacific.

12 June 2014