We are proud to announce that Omega Point, a leading data analytics provider, has selected Databricks for its ability to apply advanced analytics to synthesize insights from disparate large-scale datasets.

Inferring insights from a multitude of large-scale data to inform business-critical decisions is an increasingly common practice across industries. Omega Point is yet another example of this trend in financial services, where a sliver of timely information could have millions of dollars of impact.

“Without data you’re just another person with an opinion” W Edwards Deming, Data Scientist

This is a very true statement, however it can equally said that too much data with too few opinions is equally ineffectual. Therefore the balance between too much and too little data is a key one in ensuring the good governance of firms. The area of non financial risk is one presents some of the most challeneges where this problem is concerned.

 Alibaba Group Holding Limited (NYSE: BABA) announced that more than USD 7 billion (RMB 47.5 billion) of gross merchandise volume (GMV) was settled through Alipay on Alibaba’s China and international retail marketplaces within the first two hours of the 2016 11.11 Global Shopping Festival. 

Soldo, the first multi-user spending account, has today announced the official consumer launch of its first product aimed at families who want to get a grip on their everyday finances .

In the first half of 2016 alone, there were more than one million incidents of financial fraud, an increase of 53 per cent on the same period last year; with identity fraud against individuals costing an estimated five billion pounds last year.

 Fiserv, a leading global provider of financial services technology solutions, has received the 2016 IDC Financial Insights FinTech Rankings Real Results Award for Customer Engagement for pioneering the use of Verifast™: Palm Authentication at Gesa Credit Union in Richland, Washington.

The Real Results Awards are published in conjunction with the annual IDC Financial Insights FinTech Rankings, based on 2015 calendar year revenues attributed to financial institutions. Fiserv ranked fourth out of 125 vendors in the latest IDC FinTech rankings.     

I consider myself a citizen of the world.  I guess that’s because I fly around so much.  Everywhere I go, I find the same thing.  Warm, fantastic people who welcome me like a brother and complain about the idiot running their country.  This is common to every country, just that some idiots are more extreme than others, which is why the people suffer while those in power gain.  That is our way of life.

oday, Citibank announced the launch of Citi Pay, a new digital wallet that will provide Citi customers with a simple and fast option for online, in-app and in-store payment needs.

Mizuho Bank’s Netherlands-based subsidiary has successfully implemented Wolters Kluwer’s OneSumXto provide a solution for risk calculations and multi country regulatory reporting. The leading Japanese bank is already an existing Wolters Kluwer customer across a number of European countries.