We're super excited to share our latest product update; our new and improved Frame. Clients who have tested it tell us that they've received positive feedback from their customers (our end-users), and that they love the improved user experience.
The rate of data growth is quite staggering. According to George Lee, CIO at Goldman Sachs, 90% of the world’s data has been created in just the past two years alone. With more and more data available, many agree that stricter regulations are needed to protect the rights of consumers’ personal data. Particularly in light of the recent Facebook data breach, it is important that measures are put in place to protect consumers’ rights as well as clarify how companies can interpret data to ensure these rights are protected.
Back in the day, spreadsheets were enormous sheets of paper, taking up office tabletops, with bankers pondering over them and making meticulous calculations. Then, as computers became the norm, these spreadsheets could fit onto a single screen – and progress has continued exponentially since; to a level where autonomous AI-based solutions can execute whole operations.
You are probably familiar with our income and ID verification products. Now, after seven years, 250 bank integrations, 22 markets, and millions in end-user-usage, our product portfolio is evolving.
Incumbent banks might view the arrival of Open Banking as a threat since it makes things much easier for their newer, more nimble rivals. But there are significant advantages if they think and act positively.
(Image credit: Olga DeLawrence)
Millennials are well known for disrupting the well-established methods of their elders. Are they doing it again with credit ratings?
Assessing credit worthiness through an individual’s credit score has been around for a long time. But for Millennials, this method often doesn’t work because their preference for non-traditional banking solutions, render conventional credit rating methods ineffective.
The GDPR is anxiously anticipated in the financial sector as banks and other financial institutions rely heavily on customer data. What can marketers do to ensure the successful transition to achieving GDPR compliance?
The GDPR is European wide legislation to harmonise data protection guidelines across all 25 member states. The new regulations will significantly shake up some marketing approaches by giving consumers the power to determine which data they will share with companies.
The General Data Protection Regulation (GDPR) is now a fact of life for any company that gathers and processes the personal data of European Union citizens. It is not just EU companies and organisations that must conform; data-collecting entities around the world will have to deal with the new rules.