Big Data and Banking – More than Hadoop
blog.infochimps.com
on 05/01/2013
Excerpt: Fraud is definitely top of mind for all banks. Steve Rosenbush at the Wall Street Journal recently wrote about Visa’s new Big Data analytic engine which has changed the way the company combats fraud. Visa estimates that its new Big Data fraud platform has identified $2 billion in potential annual incremental fraud savings. With Big Data, their new analytic engine can study as many as 500 aspects of a transaction at once. That’s a sharp improvement from the company’s previous analytic engine, which could study only 40 aspects at once. And instead of using just one analytic model, Visa now operates 16 models, covering different segments of its market, such as geographic regions.... read the full post.
Tags: Banking, Data, Financial, Hadoop
3 Big Data Use Cases in Banking
nosql.mypopescu.com
on 04/25/2013
Excerpt: The first and the third are common across multiple fields.... read the full post.
Tags: Banking, Data
The bigger the bank, the higher the complaint rate - Sunlight Foundation Blog
sunlightfoundation.com
on 04/01/2013
Excerpt: Stay up to date on Sunlight’s work in D. C. , throughout the country and around the world, as well as the latest open government, transparency and technology news. The bigger the bank, the higher the complaint rate
by Lee Drutman and Alexander Furnas April 1, 2013, 6:30 a. m. The bigger the bank, the higher the rate of consumer complaints. That is the general pattern of a new Sunlight Foundation analysis of just-released consumer complaint data from the Consumer Financial Protection Bureau (CFPB). The relationship is hardly surprising.... read the full post.
Tags: Banking, Data
Balanced Releases Its Payouts API As Standalone Product
thenextweb.com
on 02/16/2013
Excerpt: Marketplace payment service Balanced has announced the official release of its Balanced Payouts, a standalone API that allows developers to tap into next-day ACH deposits . While not a new feature for the company, it is the first time it has been released on its own — previously it was part of the company’s full marketplace payments offering. This is the latest update from the Y Combinator alumnus, formerly known as PoundPay. Since last October, the company tells us that it has seen growth increase five-times and has seen 100,000 API calls per day. What the service does is help facilitate all the financial issues a marketplace typically needs to worry about.... read the full post.
Tags: API-Evangelist, API-Stack, Banking, Googlereader, Hacker, Ifttt, News, Payment
Open Bank Project Aims for Transparency and Banking as a Serivce
feedproxy.google.com
on 02/15/2013
Excerpt: TESOBE, Berlin-based software development firm, has launched the Open Bank Project with the hopes of bringing more transparency to the world’s banking community. To accomplish its goal, the Open Bank Project provides an API that banks utilize to provide transaction data to interested parties. Given the hypersensitivity of financial information, the Open Bank Project must persevere through many obstacles. However, should the idea catch hold, it could be the first example of open banking as a service. Although the concept and rollout of the project continues to develop, TESOBE has witnessed impressive applications built through the project’s API.... read the full post.
Tags: API-Evangelist, API-Stack, Banking, Finance
Dwolla Blog | We made Guest Send & Facilitator even better
blog.dwolla.com
on 01/25/2013
Excerpt: Last week, we were really proud to introduce our newest API endpoint – Guest Send. In short, Guest Send allowed you to send money from any bank account, to any person, in just one line of code. Over the past week, we’ve gotten a ton of feedback, and decided to fine tune that method. So today, we’re announcing two new features:
Guest Send now has the ability to send money to any person – Dwolla user, or not. Simply set the ‘destinationType‘ parameter to Dwolla, Email, or Phone. If the receiver isn’t yet a Dwolla user, we’ll hold the money until they come claim it. Facilitator fees now let you split payments as many times as you want to.... read the full post.
Tags: API-Evangelist, API-Stack, Banking, Googlereader, Hacker, Ifttt, News, Payment
P2P: The Next Big Revenue Opportunity For Banks
blog.dwolla.com
on 01/18/2013
Excerpt: This past fall, Dwolla partnered with one of the leading mobile banking service providers, mFoundry, and their mobile banking product, Fin. X.
Your phone has become your record player, your music store, your concert hall. Your phone is your newspaper, your magazine, your access to world-renowned research. It’s become your map, your movie theater, your physical trainer, your post office. As you know, it’s also become your bank, your ATM, your check, and the way you pay rent, a friend, or a business. No industry is left untouched. Dwolla is re-imagining a payments network built using 21st century technology and the internet, providing access on both the web and your phone.... read the full post.
Tags: API-Evangelist, API-Stack, Banking, p2p, Payment
Introducing a Suite of Wolfram|Alpha-Powered Finance Apps
blog.wolframalpha.com
on 01/16/2013
Excerpt: Wolfram| Alpha has released a suite of apps that cover all of your financial needs. The apps are profoundly powerful tools, allowing you to stay informed about your business’s finances and the marketplace at large while in the office or on the go. The Wolfram Stock Trader’s Professional Assistant is ideal for those seeking computational knowledge as it pertains to the stock market. You can query nearly anything related to:
Technical Charting
Market Quotes
Equity Valuation
The various features are powerful, so let’s explore them a bit.... read the full post.
Tags: API-Evangelist, API-Stack, Artificial Intelligence, Banking, Business Intelligence, Finance, Mathematics, Money
Excerpt: The first and the third are common across multiple fields.... read the full post.
Tags: Banking, Data
The bigger the bank, the higher the complaint rate - Sunlight Foundation Blog
sunlightfoundation.com
on 04/01/2013
Excerpt: Stay up to date on Sunlight’s work in D. C. , throughout the country and around the world, as well as the latest open government, transparency and technology news. The bigger the bank, the higher the complaint rate
by Lee Drutman and Alexander Furnas April 1, 2013, 6:30 a. m. The bigger the bank, the higher the rate of consumer complaints. That is the general pattern of a new Sunlight Foundation analysis of just-released consumer complaint data from the Consumer Financial Protection Bureau (CFPB). The relationship is hardly surprising.... read the full post.
Tags: Banking, Data
Balanced Releases Its Payouts API As Standalone Product
thenextweb.com
on 02/16/2013
Excerpt: Marketplace payment service Balanced has announced the official release of its Balanced Payouts, a standalone API that allows developers to tap into next-day ACH deposits . While not a new feature for the company, it is the first time it has been released on its own — previously it was part of the company’s full marketplace payments offering. This is the latest update from the Y Combinator alumnus, formerly known as PoundPay. Since last October, the company tells us that it has seen growth increase five-times and has seen 100,000 API calls per day. What the service does is help facilitate all the financial issues a marketplace typically needs to worry about.... read the full post.
Tags: API-Evangelist, API-Stack, Banking, Googlereader, Hacker, Ifttt, News, Payment
Open Bank Project Aims for Transparency and Banking as a Serivce
feedproxy.google.com
on 02/15/2013
Excerpt: TESOBE, Berlin-based software development firm, has launched the Open Bank Project with the hopes of bringing more transparency to the world’s banking community. To accomplish its goal, the Open Bank Project provides an API that banks utilize to provide transaction data to interested parties. Given the hypersensitivity of financial information, the Open Bank Project must persevere through many obstacles. However, should the idea catch hold, it could be the first example of open banking as a service. Although the concept and rollout of the project continues to develop, TESOBE has witnessed impressive applications built through the project’s API.... read the full post.
Tags: API-Evangelist, API-Stack, Banking, Finance
Dwolla Blog | We made Guest Send & Facilitator even better
blog.dwolla.com
on 01/25/2013
Excerpt: Last week, we were really proud to introduce our newest API endpoint – Guest Send. In short, Guest Send allowed you to send money from any bank account, to any person, in just one line of code. Over the past week, we’ve gotten a ton of feedback, and decided to fine tune that method. So today, we’re announcing two new features:
Guest Send now has the ability to send money to any person – Dwolla user, or not. Simply set the ‘destinationType‘ parameter to Dwolla, Email, or Phone. If the receiver isn’t yet a Dwolla user, we’ll hold the money until they come claim it. Facilitator fees now let you split payments as many times as you want to.... read the full post.
Tags: API-Evangelist, API-Stack, Banking, Googlereader, Hacker, Ifttt, News, Payment
P2P: The Next Big Revenue Opportunity For Banks
blog.dwolla.com
on 01/18/2013
Excerpt: This past fall, Dwolla partnered with one of the leading mobile banking service providers, mFoundry, and their mobile banking product, Fin. X.
Your phone has become your record player, your music store, your concert hall. Your phone is your newspaper, your magazine, your access to world-renowned research. It’s become your map, your movie theater, your physical trainer, your post office. As you know, it’s also become your bank, your ATM, your check, and the way you pay rent, a friend, or a business. No industry is left untouched. Dwolla is re-imagining a payments network built using 21st century technology and the internet, providing access on both the web and your phone.... read the full post.
Tags: API-Evangelist, API-Stack, Banking, p2p, Payment
Introducing a Suite of Wolfram|Alpha-Powered Finance Apps
blog.wolframalpha.com
on 01/16/2013
Excerpt: Wolfram| Alpha has released a suite of apps that cover all of your financial needs. The apps are profoundly powerful tools, allowing you to stay informed about your business’s finances and the marketplace at large while in the office or on the go. The Wolfram Stock Trader’s Professional Assistant is ideal for those seeking computational knowledge as it pertains to the stock market. You can query nearly anything related to:
Technical Charting
Market Quotes
Equity Valuation
The various features are powerful, so let’s explore them a bit.... read the full post.
Tags: API-Evangelist, API-Stack, Artificial Intelligence, Banking, Business Intelligence, Finance, Mathematics, Money
Excerpt: Marketplace payment service Balanced has announced the official release of its Balanced Payouts, a standalone API that allows developers to tap into next-day ACH deposits . While not a new feature for the company, it is the first time it has been released on its own — previously it was part of the company’s full marketplace payments offering. This is the latest update from the Y Combinator alumnus, formerly known as PoundPay. Since last October, the company tells us that it has seen growth increase five-times and has seen 100,000 API calls per day. What the service does is help facilitate all the financial issues a marketplace typically needs to worry about.... read the full post.
Tags: API-Evangelist, API-Stack, Banking, Googlereader, Hacker, Ifttt, News, Payment
Open Bank Project Aims for Transparency and Banking as a Serivce
feedproxy.google.com
on 02/15/2013
Excerpt: TESOBE, Berlin-based software development firm, has launched the Open Bank Project with the hopes of bringing more transparency to the world’s banking community. To accomplish its goal, the Open Bank Project provides an API that banks utilize to provide transaction data to interested parties. Given the hypersensitivity of financial information, the Open Bank Project must persevere through many obstacles. However, should the idea catch hold, it could be the first example of open banking as a service. Although the concept and rollout of the project continues to develop, TESOBE has witnessed impressive applications built through the project’s API.... read the full post.
Tags: API-Evangelist, API-Stack, Banking, Finance
Dwolla Blog | We made Guest Send & Facilitator even better
blog.dwolla.com
on 01/25/2013
Excerpt: Last week, we were really proud to introduce our newest API endpoint – Guest Send. In short, Guest Send allowed you to send money from any bank account, to any person, in just one line of code. Over the past week, we’ve gotten a ton of feedback, and decided to fine tune that method. So today, we’re announcing two new features:
Guest Send now has the ability to send money to any person – Dwolla user, or not. Simply set the ‘destinationType‘ parameter to Dwolla, Email, or Phone. If the receiver isn’t yet a Dwolla user, we’ll hold the money until they come claim it. Facilitator fees now let you split payments as many times as you want to.... read the full post.
Tags: API-Evangelist, API-Stack, Banking, Googlereader, Hacker, Ifttt, News, Payment
P2P: The Next Big Revenue Opportunity For Banks
blog.dwolla.com
on 01/18/2013
Excerpt: This past fall, Dwolla partnered with one of the leading mobile banking service providers, mFoundry, and their mobile banking product, Fin. X.
Your phone has become your record player, your music store, your concert hall. Your phone is your newspaper, your magazine, your access to world-renowned research. It’s become your map, your movie theater, your physical trainer, your post office. As you know, it’s also become your bank, your ATM, your check, and the way you pay rent, a friend, or a business. No industry is left untouched. Dwolla is re-imagining a payments network built using 21st century technology and the internet, providing access on both the web and your phone.... read the full post.
Tags: API-Evangelist, API-Stack, Banking, p2p, Payment
Introducing a Suite of Wolfram|Alpha-Powered Finance Apps
blog.wolframalpha.com
on 01/16/2013
Excerpt: Wolfram| Alpha has released a suite of apps that cover all of your financial needs. The apps are profoundly powerful tools, allowing you to stay informed about your business’s finances and the marketplace at large while in the office or on the go. The Wolfram Stock Trader’s Professional Assistant is ideal for those seeking computational knowledge as it pertains to the stock market. You can query nearly anything related to:
Technical Charting
Market Quotes
Equity Valuation
The various features are powerful, so let’s explore them a bit.... read the full post.
Tags: API-Evangelist, API-Stack, Artificial Intelligence, Banking, Business Intelligence, Finance, Mathematics, Money
Excerpt: Last week, we were really proud to introduce our newest API endpoint – Guest Send. In short, Guest Send allowed you to send money from any bank account, to any person, in just one line of code. Over the past week, we’ve gotten a ton of feedback, and decided to fine tune that method. So today, we’re announcing two new features: Guest Send now has the ability to send money to any person – Dwolla user, or not. Simply set the ‘destinationType‘ parameter to Dwolla, Email, or Phone. If the receiver isn’t yet a Dwolla user, we’ll hold the money until they come claim it. Facilitator fees now let you split payments as many times as you want to.... read the full post.
Tags: API-Evangelist, API-Stack, Banking, Googlereader, Hacker, Ifttt, News, Payment
P2P: The Next Big Revenue Opportunity For Banks
blog.dwolla.com
on 01/18/2013
Excerpt: This past fall, Dwolla partnered with one of the leading mobile banking service providers, mFoundry, and their mobile banking product, Fin. X.
Your phone has become your record player, your music store, your concert hall. Your phone is your newspaper, your magazine, your access to world-renowned research. It’s become your map, your movie theater, your physical trainer, your post office. As you know, it’s also become your bank, your ATM, your check, and the way you pay rent, a friend, or a business. No industry is left untouched. Dwolla is re-imagining a payments network built using 21st century technology and the internet, providing access on both the web and your phone.... read the full post.
Tags: API-Evangelist, API-Stack, Banking, p2p, Payment
Introducing a Suite of Wolfram|Alpha-Powered Finance Apps
blog.wolframalpha.com
on 01/16/2013
Excerpt: Wolfram| Alpha has released a suite of apps that cover all of your financial needs. The apps are profoundly powerful tools, allowing you to stay informed about your business’s finances and the marketplace at large while in the office or on the go. The Wolfram Stock Trader’s Professional Assistant is ideal for those seeking computational knowledge as it pertains to the stock market. You can query nearly anything related to:
Technical Charting
Market Quotes
Equity Valuation
The various features are powerful, so let’s explore them a bit.... read the full post.
Tags: API-Evangelist, API-Stack, Artificial Intelligence, Banking, Business Intelligence, Finance, Mathematics, Money
Excerpt: Wolfram| Alpha has released a suite of apps that cover all of your financial needs. The apps are profoundly powerful tools, allowing you to stay informed about your business’s finances and the marketplace at large while in the office or on the go. The Wolfram Stock Trader’s Professional Assistant is ideal for those seeking computational knowledge as it pertains to the stock market. You can query nearly anything related to: Technical Charting Market Quotes Equity Valuation The various features are powerful, so let’s explore them a bit.... read the full post.
Tags: API-Evangelist, API-Stack, Artificial Intelligence, Banking, Business Intelligence, Finance, Mathematics, Money
