Latest Big data News: Finextra Research

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

Company update/Big data

Big data firm RavenPack scores $5 million funding

RavenPack, the big data analytics provider for financial services, is today excited to announce it has secured $5 million backing from Draper Esprit (AIM:GROW, ESM: GRW), a leading venture firm involved in the creation, funding and development of high-growth technology businesses.

21 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

Company update/Big data

Poland's mBank turns to Cloudera for big data processing

Cloudera, the provider of the leading global platform for machine learning and advanced analytics built on the latest open source technologies, today announced that the fourth largest bank in Poland, mBank, has selected Cloudera to manage the company’s big data demands.

08 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

Company update/Big data

Advanced Logic Analytics ships core big data platform

Advanced Logic Analytics (ALA), a provider of enterprise wide big data and finance analytics solutions for buy- and sell-side institutions and other financial firms, is pleased to announce the release of its core big data analytics platform, ‘ALA OneLogic’.

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

Company update/Big data

Thomson Reuters opens Singapore data science lab

Thomson Reuters today announced the official opening of Thomson Reuters Labs – Singapore.

21 February 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

News/Big data

Singapore's MAS sets up data analytics group

The Monetary Authority of Singapore (MAS) continues its relentless march towards the digital future through the creation of a data analytics group.

14 February 2017

News/Big data

Visa bids to strengthen Silicon Valley ties with new Palo Alto site

Stressing its technology credentials, Visa has opened a massive new office in Silicon Valley to house its data and research teams.

08 February 2017

News/Big data

SocGen builds startup database

French bank Societe Generale is setting up an internal platform, dubbed Startup Radar, where staffers can access information about experimental projects and recommend interesting fintech firms.

20 January 2017

News/Big data

Deutsche Bourse turns to fintech partners to build 'Exchange 4.0'

Deutsche Bourse is promising to cooperate with fintech firms and tap new technologies such as big data, AI and, above all, blockchain as it moves toward the creation of an 'Exchange 4.0', says CEO Carsten Kengeter.

18 January 2017

Company update/Big data

European Supervisory Authorities consult on Big Data

The Joint Committee of the European Supervisory Authorities (ESAs) today launched a public consultation about the potential benefits and risks of Big Data for consumers and financial firms to determine whether any further regulatory or supervisory actions may be needed.

19 December 2016

News/Big data

Banks should be liable for scam victims' losses says consumer group

Consumer group Which? has accused the UK's Payment System Regulator (PSR) of letting banks off the hook by not forcing them to reimburse customers who fall victim to online money transfer scams.

16 December 2016

Company update/Big data

ABN Amro introduces Gradefix: ‘risk-as-a-service’

Gradefix is a new service that uses transaction data to perform analyses and risk assessments for clients.

28 November 2016

News/Big data

Big Data and distributed ledgers key to beating financial crime - FCA chief

A combination of Big Data analytics and distributed ledger technology could help financial institutions combat escalating levels of financial crime, says the chief executive of the UK's Financial Conduct Authority, Andrew Bailey.

16 November 2016

News/Big data

Standard Chartered launches personalised investment tool for affluent clients

Standard Chartered is joining the digital wealth management revolution, introducing a personalised investment tool that harnesses the power of big data to help its relationship managers advise affluent clients in Singapore.

15 November 2016

News/Big data

Mizuho opens Tokyo innovation lab

Japan's Mizuho is the latest banking giant to set up an innovation lab as it bids to nurture a fintech ecosystem and build up relationships with startups.

24 October 2016