Big data

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/markets

VTB Digital Investments Fund acquires stake in big data outfit ADS-Holding

The ‘Digital Investments’ fund, a closed-end mutual investment fund under the management of VTB Group, has acquired a stake in ADS-Holding, a company which owns a controlling stake in Arenadata – developer of an enterprise data platform designed for collection and storage of big data.

/regulation

BaFin sets out supervisory principles for Big Data and AI

On 15 June 2021, BaFin published supervisory principles for the use of algorithms in decision-making processes by financial institutions.

/wholesale

Quantexa doubles revenues

Quantexa, the data and analytics software company pioneering Contextual Decision Intelligence (CDI), today announced it more than doubled revenues during fiscal year 2020, with 67% coming from new client wins.

/cloud

AWS launches FinSpace analytics service for FS firms

Today, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), announced Amazon FinSpace, a purpose-built analytics service that reduces the time it takes FSI organizations to find, prepare, and analyze financial data from months to minutes.

/wholesale

VTB teams up with Moscow Institute of Physics and Technology on AI and big data

VTB and the Moscow Institute of Physics and Technology (MIPT) have agreed to open a joint research & development facility to support the activities of MIPT employees, which aim to develop the use Big Data technologies and artificial intelligence (AI) in banks.

/regulation

BIS reports on Big Data and machine learning in central banking

The world is changing and so is the way it is measured. For decades, policymakers and the private sector have relied on data released by official statistical institutions to assess the state of the economy.

/retail

Scotiabank applies AI and Big Data to better understand customer needs

Scotiabank today announces C.MEE, a new technology that leverages big data and artificial intelligence (AI) to enable even better customer experiences (CX) with the Bank.

/people

UniCredit names Marco Bressan group data and analytics officer

UniCredit today announced that it is appointing Marco Bressan, a renowned data scientist with a long-standing background and experience of data driven transformation, as Group Data and Analytics Officer.

/people

Quantexa expands advisory board

Quantexa, the data and analytics software company pioneering contextual decision intelligence, has today announced that former JP Morgan Chase CIO, Anabelle Bexiga, and former KPMG chairman, Simon Collins, have joined its advisory board.

/cloud

Tibco issues new analytics package

TIBCO Software Inc., a global leader in enterprise data, empowers its customers to connect, unify, and confidently predict business outcomes, solving the world’s most complex data-driven challenges.

/markets

Ravenpack enters data visualisation market with US election tracking tool

RavenPack, a leading big data analytics provider, has partnered with Cosaic, a leader in the field of interactive visualization tools, to create an entirely new way to visualize unstructured data.

/Big data

American Express invests in Indian behavioural sciences data lab

The American Express Data Analytics, Risk and Technology (DART) Laboratory was inaugurated at Indian Institute of Technology Madras on Thursday (3rd September 2020).

/retail

Clear Core signs Pyramid Federal Credit Union

Despite the COVID headwinds, the Tucson-based financial technology company, Clear Core signed an alpha partner this month, validating a market need for clean data that leads to actionable insights and accelerated data-driven decision making.

/covid-19

Equifax joins non-profit group in UK for Covid 19 response

Equifax UK has joined Emergent Alliance, a not for profit group of organisations specialising in data, analytics and technology, working together to help the UK’s recovery from COVID-19.

/regulation

UK consortium launches AI platform for regtech data

A new cross-sector consortium of major businesses and universities is set to provide the key to the suffocating challenge of data access for regulated industries through a Responsible AI powered industry-agnostic platform; the AIR Platform.

/markets

Sesamm sentiment and emotion data now accessible via Bloomberg

SESAMm disclosed today that its unique sentiment and emotion data on thousands of financial assets is now accessible to the financial industry through the Bloomberg Enterprise Access Point.

/markets

Microsoft acquires Big Data modeller ADRM

In advancing our mission to empower every person and organization on the planet to achieve more, Microsoft has been investing in the power of data and artificial intelligence (AI) to continuously innovate, influence and enhance customer experience and partner growth.

/startups

Data collaboration startup Cinchy raises $10m

Cinchy, the Data Collaboration company, secured $10M in Series A financing, led by Information Venture Partners (IVP) with additional funds coming from BDC, ScaleUp Ventures, Techstars, and Manulife Investment Management.

/payments

Barclays beefs up Spend Trends signal

Barclays Research is enhancing its franchise with the launch of UK Spend Trends 2.0 signals.

/covid-19

Sberbank builds online diagnostic tool for Covid-19

Sberbank welcomes everyone to pass the Sber Covid checker test for free to evaluate the possibility of being infected with the coronavirus and also having a course of disease in mild forms.

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