Why we need digital banks

We often hear from retail bank customers that they aren't satisfied with the revenue captured through digital channels. It was therefore with great interest that I embarked on the mission to understand Chris Skinner’s book Digital Bank. Why we need digital banks The book starts by painting the landscape of […]

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Big data improves speed, accuracy and automation for credit lenders

Credit lending is a fast-paced business that relies on large amounts of customer and transaction data. Premier Bankcard’s primary purpose has been to provide even customers with damaged credit histories an avenue to obtain credit and demonstrate positive financial patterns. To stay competitive, the company uses analytics to predict and […]

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Leveraging big data for financial services, insurance, telco and more

Lots of buzz around SAS High-Performance Analytics in the news lately!  In case you missed it, here are a couple of great reads: In the latest issue of BAI Banking Strategies, SAS CTO Keith Collins talks about leveraging data with high-performance analytics.  He explains that financial institutions need to deploy […]

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In a small (and uncertain) world

The start of the year seems to have been full of uncertainty for European financial markets. This seems to apply to everything from Greek debt to bankers’ bonuses and, despite access to so much information about what is happening globally, it remains difficult to understand what is certain fact and […]

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Could the financial sector be doing more with their models if they borrowed innovation from elsewhere?

As the Basel Accords continue to drum up attention in the global financial markets, many institutions are looking at how they can strike a balance between capital requirements and competitive advantage. One area of focus is consumer credit risk modelling and scoring, as the more accurate and robust the models […]

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Social media, a Zuckerberg and revolutionary banking

In mid-October, at BAI Retail Delivery in Chicago, I went to one of the most widely attended sessions of the conference. It was a Q&A style interview of Randi Zuckerberg by Ron Insana, Senior Analyst, CNBC. Zuckerberg is the former Head of Marketing at Facebook and Founder and CEO of R […]

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How to market to the Einsteiners - Generation Z

You've heard of them - even if you haven't heard them called Generation Einsteiners yet. According to Conny Dorrestijn, Co-Founder of CrossFinance, this generation (most of them just entering high school) is the first since World War II to experience real crisis. This idea may be debated by many who see […]

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Six marketing trends you cannot ignore

I'm in Chicago this week for the 2011 BAI Retail Delivery. It's a retail banking conference where executives meet to discuss best practices and learn about the newest vendor solutions. I've found that many of the best practices discussed can actually be applied across industries; for example, Roger Peverelli (Co-Author of Reinventing Financial […]

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Doesn’t everyone use an anti-money laundering solution?

Recently I had the privilege to attend two customer events hosted at SAS’ new Executive Briefing Center. The first was a two-day SAS anti-money laundering (AML) customer connections workgroup which was then followed by the 7th Annual Terrorism Financing and Money Laundering Forum. Some of you may be thinking, “Isn’t anti-money […]

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Partnering to fight financial crimes

"Viewed by law enforcement, there is no line between money laundering and fraud; the distinction is the underlying activity." That was Dan Wager's opening remark to his discussion of fraud convergence during the 7th Annual Terrorism Financing and Money Laundering Forum hosted in Cary, North Carolina. Wager is Senior Vice […]

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