24 October 2017
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Latest big data news

Sibos 2017: How to profit from the data goldrush
Wholesale banking

Sibos 2017: How to profit from the data goldrush

18 October 2017  |  4006 views  |  0 comments | 5 tweets | 6 linkedin

The billion dollar question at today's Sibos Future of Money session: Who is going to be able to successfully extract the gold from the data mine and become the Amazon of the financial services world?

Thomson Reuters commits $100m to Toronto technology centre
Artificial Intelligence

Thomson Reuters commits $100m to Toronto technology centre

12 October 2017  |  4506 views  |  1 comments | 16 tweets | 11 linkedin

A year on from its launch, Thomson Reuters is doubling down on its Toronto technology centre, committing another US$100 million to the project, which will eventually be home to 1500 staffers working on areas such as cloud computing, big data and AI.

Aviva succumbs to allure of robo-advice with Wealthify purchase
Start ups

Aviva succumbs to allure of robo-advice with Wealthify purchase

05 October 2017  |  4633 views  |  0 comments | 7 tweets | 9 linkedin

UK insurer Aviva has acquired a majority stake in a startup robo-adviser for an undisclosed sum.

BBVA uses big data to redraw city maps
Cards

BBVA uses big data to redraw city maps

26 September 2017  |  9137 views  |  0 comments | 18 tweets | 25 linkedin

BBVA is using commercial card data to redraw the maps of urban areas based on the purchasing patterns and movements of consumers as they criss-cross the city landscape.

China Citic and Baidu to rely on AI for joint venture bank
Retail banking

China Citic and Baidu to rely on AI for joint venture bank

22 August 2017  |  6563 views  |  0 comments | 6 tweets | 6 linkedin

Internet search giant Baidu and China Citic Bank have received regulatory approval to launch a direct banking joint venture offering loans and deposit accounts to Chinese consumers.

Citi taps into Cornell Tech talent
Security

Citi taps into Cornell Tech talent

24 July 2017  |  11112 views  |  0 comments | 5 tweets | 6 linkedin

Citi is teaming up with Cornell University, leasing space at the Ivy League school's engineering campus in order to engage with students and faculty on areas such as blockchain and machine learning.

Thomson Reuters launches startup incubator
Wholesale banking

Thomson Reuters launches startup incubator

06 July 2017  |  9307 views  |  0 comments | 12 tweets | 8 linkedin

Thomson Reuters is opening an incubator in Switzerland, giving startups working in areas such as big data, analytics, AI and distributed ledgers access to its famed data and content sets.

Asset managers failing to adapt to digital world
Blockchain

Asset managers failing to adapt to digital world

27 June 2017  |  8773 views  |  0 comments | 17 tweets | 17 linkedin

Less than half of global asset managers and asset owners think that they are adapting technology quickly enough to support their business growth needs, according to a survey from State Street.

CIBC opens Waterloo data lab
Retail banking

CIBC opens Waterloo data lab

12 May 2017  |  4991 views  |  0 comments | 4 tweets | 3 linkedin

The Canadian Imperial Bank of Commerce (CIBC) is backing a new data hub in the city of Waterloo, posting a team of data scientists at the spot to work with local students and fintech startups.

Palantir pays $1.66m to settle hiring discrimination suit
Retail banking

Palantir pays $1.66m to settle hiring discrimination suit

26 April 2017  |  4389 views  |  0 comments | 4 linkedin

Palantir Technologies, a Peter Thiel-founded big data outfit which claims the SEC among its clients, will pay $1.66 million to settle a US government complaint that it discriminated against Asian job applicants.

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