Noteworthy Links: Fintech Industry

November 3rd, 2016 Financial services organizations can gain a unique advantage by effectively using data, given both the nature and the enormous volume of data that is available to them. Using this data, every aspect of a customer’s experience can be improved upon—from providing a seamless experience across multiple channels to customized products and personalized wealth management. As new data sources become available, data science enables banks to be more data-driven in their decision making, and at the same time empowering their customers to do the same. A bank’s risk management practices and functions, including fraud detection, credit scoring, money laundering, and financial crime prevention and stress testing can all be materially improved. Emergence of new data sources and competition from fintech firms has also presented opportunities for innovation and…


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