Big data

More and more banks are using advanced geographic information systems to help make decisions around branch consolidation, lending in low-income communities, monitoring fraud and even deploying talent.

Let's clear up some of the ambiguity around credit unions and big data.

The Open Financial Exchange has 7,000 installations. More than a decade ago, the industry saw the data standard as the solution to screen scraping, a practice that bedevils them today.

Luminate Capital Partners has made an investment in Financial Information Technologies (Fintech), a company that sells data management, payment and software to the spirits industry.

One of the big ideas payment technology execs push is the backgrounding of the transaction — often called the "Uberization" because of how well the ride-sharing app Uber accomplishes this feat.