Tag: banking data

Capital and Risk, Operational

Seven Ways Banks Can Benefit From Data Analytics

April 26, 2022

Via: Bank Director

There is a pervasive data conundrum throughout the financial services industry: Banks have an inordinate amount of data, but antiquated and siloed solutions are suppressing incredible, untapped opportunities to use it. Data analytics offer banks seven distinct and tangible benefits; […]

Capital and Risk, Operational

Small New York bank reports data breach

March 14, 2022

Via: American Banker

Lake Shore Savings Bank in Dunkirk, New York, disclosed in a financial statement to investors that it had suffered a data breach after hackers gained access to customers’ personal information. The bank, which recently reported it has just under $600 […]

Capital and Risk, Channels, Operational

Accepting Payments? Here’s How To Avoid Internal Data Conflicts

December 27, 2021

Via: TechBullion

Business owners know that data entry errors can lead to a lot of wasted time and money. But they also may not realize the extent to which those errors could be avoided by taking small precautions. For example, if you’re […]

Capital and Risk, Operational

Unlocking the benefits of unstructured data in banking

October 20, 2020

Via: FinTech Futures

But the sector wasn’t always as open to embracing new technologies. Until the arrival of challenger banks like Monzo and Starling Bank a little over five years ago, who showed the benefits that taking a digital-first approach could bring, traditional […]