Smart Data Collective

MAY 11, 2023

The recent slew of bank failures have created a lot of concerns about the state of the global economy. The good news is that big data technology is helping banks meet their bottom line. The banking sector, in particular, can use big data technology to improve the actuarial analysis of the loan underwriting and approval process.

Data Mining 261

Data Mining Banking Competitive Landscape Predictive Analytics 261

CIO

NOVEMBER 4, 2024

In the real world Some early LLM deployments trained on internal data have come from the larger banks and consulting firms. Morgan Stanley, for instance, used prompt tuning to train GPT-4 on a set of 100,000 documents relating to its investment banking workflows.

Business 750

Business Banking Algorithm Competitive 750

CIO

NOVEMBER 14, 2024

Financial institutions, like banks and lenders, can now collect, store, and analyze more data than ever, thanks to advancements in cloud computing and data management technologies. Cloudera , a data solutions provider and vendor of eight of the top ten global banks, recently achieved Level 1 PCI DSS compliance.

Finance 405

Finance Banking Loss Algorithm 405

Smart Data Collective

JANUARY 14, 2022

One of the sectors most impacted by big data has been banking. Big data is even more important to the banking sector as more of their services become digitalized. The market for analytics technology in the banking sector is projected to be worth over $5.4 Banks turn to Data Analytics as Demand for Digital Services Grows.

Banking 279

Banking Retail Finance Security 279

CIO

MAY 22, 2024

Hariprasad Chede, CISO, National Bank of Fujairah (NBF) 14. Rashid AlMuawada, Head – Information Security, Ajman Bank 25. Shafiullah Ismail, CISO, Mubadala Capital 27. Zaheer Shaikh, CISO, Al Maryah Community Bank LLC (Mbank) 30. Grigorios Fragkos, Head of Cyber Security Center Sharjah Cyber Security Center (SCSC) 12.

Security 640

Security Security Banking Finance 640

CIO

OCTOBER 7, 2024

billion restructuring plan with its banks and shareholders. But on Monday Atos said the government revised its offer on September 30, and the two parties were unable to agree terms by the time the offer expired on October 4. That wasn’t enough to get it back into the black, though, and its net loss in the first half of the year grew to €1.91

Loss 694

Loss Banking Capital Security 694

Zoominfo

JULY 14, 2023

That’s the problem Capital One’s Commercial Banking business faced before it partnered with ZoomInfo. Today, with ZoomInfo’s Data as a Service delivered into Snowflake, Capital One’s team is able to run a modern go-to-market motion, reclaiming vast amounts of prospecting time for its sales professionals. “My

Capital 130

Capital IT Banking Sales 130

CIO

DECEMBER 22, 2023

Singapore’s Trust Bank (also known simply as Trust) is a new financial institution that’s enjoyed a strong first year of operations, capturing 12% market share in Singapore since launch and setting new benchmarks in customer experience and innovation. As a bank, you cannot fail.” For us, we move fast and you don’t fail.

Banking 616

Banking Benchmarking Win Capital 616

CIO

AUGUST 1, 2023

The deal will spell an end to the current one-stop shop for IT services that it offers its enterprise customers, but will free up capital and cash-flow for it to invest in more modern activities: digital transformation , smart digital platforms, cloud technology, cybersecurity, high-performance computing and AI. Technology Industry

IT 614

IT Capital Banking Loss 614

CIO

SEPTEMBER 9, 2024

Tencent Cloud’s expansion in Asia Pacific (APAC) reflects its strategic efforts to capitalize on the growing demand for Artificial Intelligence (AI) and cloud computing services. Nevertheless, Tencent Cloud faces stiff competition from more established cloud providers like AWS, Google Cloud, and Microsoft Azure in the region.

Innovation 762

Innovation Marketing Marketing Commerce 762

CIO

SEPTEMBER 26, 2024

With his strong focus on people, process, and technology (in that order) he has helped to elevate the IT operations in organizations such as Merrick Bank, Content Watch, Access Data, W.J. Bradley Mortgage Capital, Credit.com, and Avalon Healthcare.

Airline 828

Airline Banking Security Security 828

CIO

SEPTEMBER 14, 2023

Exchange expands into SaaS, AI For many, the word Nasdaq conjures images of opening bell ceremonies, a stock trading floor, and the Bull of Wall Street sculpture, traditional symbols of American capitalism. To power its pivot, Nasdaq restructured into three divisions: Market Platforms, Capital Access Platforms, and Anti-Financial Crimes.

Banking 724

Banking Capital Value Chain Innovation 724

CIO

SEPTEMBER 26, 2024

This is proving true for generative AI, whose ability to create image, text, and video content from natural language prompts has organizations scrambling to capitalize on the nascent technology. Your C-suite peers may be banking on it, as executives surveyed by KPMG cited revenue growth as their top driver for GenAI investment.

Banking 876

Banking Capital Knowledge Competitive 876

Alpha Sense BI

FEBRUARY 23, 2024

Over the last decade, the investment banking sector has been completely transformed by a myriad of factors —the mounting prevalence of digital transformation, shifting economic paradigms, and opportunities in trending areas such as sustainable finance, blockchain , RegTech, etc.

Banking 111

Banking Due Diligence Competitive Landscape Benchmarking 111

Alpha Sense BI

AUGUST 12, 2024

In recent times, the European Banking Authority (EBA) has heightened its regulatory scrutiny over capital buffer assessments for banks. AT1 bonds emerged following the Global Financial Crisis of 2008, designed to buffer a bank’s capital structure during periods of volatility. The collapse of three U.S.

Banking 52

Banking Due Diligence Capital Loss 52

CIO

FEBRUARY 13, 2024

For example, if you are in banking, your organization is likely to measure itself by profitability ratios such as net interest margin (the difference between interest income generated and interest expenses) or PCL (provision for credit losses). Marketing and sales had measured success by how many new card accounts were opened.

Business 689

Business Banking Loss Human Resources 689

CIO

SEPTEMBER 17, 2024

On Monday of last week, former European Central Bank chief Mario Draghi presented his “long-awaited” report on the EU’s competitiveness, which the Commission tapped him to produce a year ago. The report will form the basis of the policy work going forward for the new commission that will soon take office.

IT 845

IT Pharmaceutical Innovation Banking 845

CIO

JUNE 14, 2024

billion in new debt, including €300 million in bank guarantees, €250 million of equity, including €175 million from the Onepoint consortium and €75 million from creditors. According to Atos, Onepoint’s offer includes the following parameters: €2.9 billion of existing debt are to be converted into equity, €1.5

Finance 699

Finance Capital Banking Management 699

Alpha Sense BI

JULY 10, 2024

While sustainability initiatives continue to take center stage for banking and financial institutions globally, U.S. policymakers regarding the appropriate approach and level of involvement to institute climate regulations for large banks. Its 45 members comprise central banks and bank supervisors from 28 countries.

Banking 52

Banking Globalization Due Diligence Finance 52

CIO

JULY 29, 2024

Vikram Nafde, executive vice president and CIO at Webster Bank, says having a customer-centric mindset helps drive a robust business strategy orientation. Nafde put that practice into action early when he joined Webster Bank during a period when the firm was embarking on a merger of equals with another bank.

Win 777

Win IT Banking Profiling 777

CIO

MAY 6, 2024

The loss-making IT services company is struggling to repay or reschedule its debts and has been looking for new sources of capital for almost two years , including the sale of various parts of the company, so far without success. Atos has given itself a month to choose between the offers. billion (€1.5

Capital 658

Capital Loss Banking Management 658

Fuld

MARCH 4, 2024

Finalis supports independent Investment Banks (IBs) that do not have internal compliance and support by automating and accelerating every step of the deal life cycle. We help them fill critical gaps in their internal capabilities by providing direct and rapid access to a wide range of services often restricted to the big investment banks.”

Banking 64

Banking Capital Competitive Intelligence Research 64

Alpha Sense BI

MARCH 13, 2023

It’s no surprise that Silicon Valley Bank (SVB) catered to a specific type of startups, venture capitalists, and tech firms. For 40 years, SVB has provided banking services to nearly half of the country’s venture capital-backed tech and life-science companies. Two days is far from what anyone would call a slow fall from grace.

Banking 98

Banking IT Capital Loss 98

Alpha Sense BI

MAY 28, 2024

The venture capital landscape continues to test the discipline and diligence of investors and startups alike. Like many other asset classes, venture capital continues to be impacted by lingering macroeconomic factors affecting funding and liquidity prospects. Interest rates are high.

Capital 69

Capital Startups Biotech Due Diligence 69

Alpha Sense BI

DECEMBER 26, 2023

Over the last 12-18 months, both venture capital investors and start-up firms have felt the aftershocks of ongoing economic volatility. Following a ‘dry powder’ run in 2021, venture capital investment in the US nearly doubled from 2020. Similar to other asset classes, venture capital deal patterns mirror macroeconomic sentiment.

Due Diligence 59

Due Diligence Capital Algorithm Banking 59

CIO

JULY 25, 2023

A college internship in Puerto Rico with Microsoft gave him the spark of an idea, and after working for six months in IT for a bank, also located on the island, he saw his opportunity. There’s Act 60, which provides investors with a 100% tax exemption from Puerto Rico income taxes on dividends, capital gains, and interest.

Intellectual Property 617

Intellectual Property Travel Business Banking 617

Alpha Sense BI

APRIL 19, 2023

​​ This past week, policymakers gathered for the 2023 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) to discuss a troubling forecast. Addressing these matters entails structural changes that will speed up debt restructuring, including everything from debt standstills to sharing World Bank-I.M.F.

Banking 98

Banking Globalization Capital Finance 98

CIO

OCTOBER 17, 2023

NetSuite is adding generative AI and a host of new features and applications to its cloud-based ERP suite in an effort to compete better with midmarket rivals including Epicor, IFS, Infor, and Zoho in multiple domains such as HR, supply chain, banking, finance, and sales.

IT 821

IT Finance Benchmarking Capital 821

Wink Intel

NOVEMBER 13, 2024

7, 2024 /PRNewswire/ — Northwestern Mutual Capital (NMC), which manages approximately $19 billion of private equity-related assets, today announced it has closed on fundraising for its Northwestern Mutual Capital Equity Fund VII and its parallel fund, which secured $473 million in commitments. MILWAUKEE , Nov.

Capital 40

Capital Retail Security Security 40

CIO

JULY 13, 2022

AAA National CISO Richard Latayan will lead a discussion on building resiliency into third-party relationships with Alex Attumalil, global CISO of Under Armour , and Ronald Banks, executive vice president and CISO of Texas Capital Bank.

Alliance 780

Alliance Banking Security Security 780

CIO

JANUARY 6, 2023

Several economists, a bank president, and a couple of reporters walk into a bar. The bank president wails, “ Economic hurricane.” Mike McSally, a human capital advisor with 20-plus years of experience in executive recruiting, does not believe recruiting has to be a problem. Stop me if you’ve heard this one before.

Briefing 762

Briefing Banking Capital Knowledge 762

CIO

AUGUST 20, 2024

After the 2019 data breach of Capital One, which affected approximately 100 million customers in the U.S., the bank faced not only regulatory fines but also a significant erosion of customer trust.

Security 760

Security Security Loss Education 760

Alpha Sense BI

APRIL 29, 2024

Heading into the second half of 2024, venture capital investors remain cautious as they acknowledge persistent challenging dynamics in the landscape. While dry powder reserves have reached record highs, investors are wary about deploying capital with certain recent macroeconomic factors still fresh in mind.

Capital 52

Capital Due Diligence Biotech Startups 52

Alpha Sense BI

JULY 13, 2023

Venture capital (VC) funding in startups experienced a significant decline as funding has been cut in half across North America and Europe firms. However, VCs raised over $540 billion of “dry powder,” capital that has yet to be invested, by the end of Q1—a record for the industry. The major forces behind this fundraising activity?

Capital 52

Capital Startups Due Diligence Finance 52

CIO

MARCH 9, 2023

Tackling one of today’s hottest IT trends – AI – is Don Goin, executive vice president and CIO of Texas Capital Bank. Compucom’s Troy Baldwin, product management director, will share tips for improving employee experience and building “remote right” strategies that connect digital workforces across the world.

Innovation 617

Innovation Learning IT Banking 617

TBR

SEPTEMBER 25, 2024

Inflation rates, higher interest rates and ongoing economic uncertainty have pushed financial services companies, primarily within the banking space, to reduce budgets and prioritize cost cutting. The company continues to struggle to fully capitalize on existing client relationships and create upselling opportunities.

Banking 162

Banking IT Capital Innovation 162

CIO

JUNE 23, 2023

Banking on industry cloud One such service VW has developed, Paint IT, is a cloud monitoring system that evaluates various aspects of an automobile’s paint coating criteria, such as layer thickness, color tone, and structure, which may be sold to interested parties.

Banking 659

Banking Value Chain Globalization Learning 659