Data management

Jeff Banks intends to give bank staff easier access to data and clearer insights they can use to make decisions.

The industry's data burden in 2023 is likely to be substantial, experts say.

The upstate New York bank took criticism last year over layoffs tied to its acquisition of People's United Financial. Connecticut's attorney general now has additional questions about both the job cuts and problems with a recent systems conversion.

Silvio Tavares, the credit score company’s relatively new leader, is honing its models to be more inclusive, for instance by taking into account rent payment data and bank account data. 

Mastercard can add new customers after the Reserve Bank of India removed restrictions on the firm, effective immediately, citing compliance with data-storage rules.

The bank has developed Slingshot, a data management tool for customers of data company Snowflake, within its new business unit Capital One Software.

A clear, cross-agency regulatory framework is needed to help the industry embrace the promise of this new financial services paradigm.

Data connectivity is key to adding products and addressing customers, says Flinks' Yves-Gabriel Leboeuf.

Traditional methods have been around a long time and don't meet the current needs of a fintech-heavy market, says Akoya's Stuart Rubinstein.