Big Data

Data Enrichment Key to Enhancing Accuracy of AI Models in Fintech

Data enrichment, the process of enhancing internal data with relevant, contextual data obtained from external sources, is critical for financial services companies looking to get the most out of their investments in artificial intelligence (AI), allowing them to build more

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Why Disconnected Data Sources Mean Lenders Are Missing the Big Picture

Traditionally, core banking systems have been regarded as a lender’s main database. While many banks rely on this core banking database, they also administer a range of other databases covering other aspects of the business. These independent data sources are

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Here Are 9 Key Pains Points Up-And-Coming Fintechs Should Look Out For

In a fintech startup’s race to scale up, they will face challenges across many fronts, including improving product profitability, recruiting and retaining talent, managing risks as well as complying with regulations. In this article, Oracle NetSuite addresses the 9 key emerging

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Fintech Alliance.PH Condemns Irresponsible Data Harvesting by Online Lenders

The Fintech Alliance.PH, the National Privacy Commission (NPC) and various industry players have joined forces in condemning the insidious practice of illegal and irresponsible data harvesting of some online lending applications. Several online lending platforms have been found to be

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Welcome Bank Links up With FinScore for Alternative Credit Scoring

Philippines-based alternative credit scoring provider FinScore has partnered with Welcome Bank (Rural Bank), one of the subsidiaries of Korea’s Welcome Financial Group. The partnership will enable Welcome Bank to integrate FinScore’s predictive credit scores into it credit risk models. FinScore’s

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Philippines Must Not Overlook Fraud Prevention in It’s Financial Inclusion Journey

Digital technologies and online platforms can help emerging markets advance financial inclusion by providing banking services to Gen Z’s, low-income households, and small businesses with typically little to no access to traditional financial institutions. But while unbanked populations can benefit

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Banks Must Gear Up for Upcoming Data-Intensive Era, Experts Say

Changing customer expectations, the rise of big techs, and COVID-19 are accelerating banks’ digital transformation, forcing them to upgrade their infrastructure to meet the requirements of the data-intensive era, experts said. At the Huawei APAC FSI Data Storage Summit virtual event, experts

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Philippines’ Ayala Corp Raising US$150-M Fund for Disruptive Early-Stage Startups

The Ayala Corporation, Philippines’ oldest conglomerate, is raising a new venture capital fund worth US$150 million, dedicated towards investing into early stage startups engaged in e-commerce, as well as what the company deems as disruptive technologies; like fintech, healthtech, artificial intelligence,

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