In 2022, DataSeers tracked two significant events: the shrinkage of funding and related losses in the venture capital investment world and the significant turmoil in the crypto world, most recently capped off by the FTX collapse. From FTX, BlockFi, and Voyager to Celsius, it has been a tough year out there for cryptocurrencies. On the …
Fighting Fraud Will Remain a Top Priority in 2023 Read More »
Financial institutions and businesses are extremely familiar with the guidelines of KYC (Know-Your-Client or Know-Your-Customer). The minimum of these regulatory standards includes the customer identification program, customer due diligence, and ongoing monitoring or enhanced due diligence. The goal of KYC standards is to verify the identity, suitability, and risks of current or potential customers to …
Running a financial institution in today’s market can feel like a never-ending game of catch up. As soon as a bank adapts to one threat, they’re facing a new one. Two of the main issues banks face today are understanding today’s consumer and what they want from a modern bank and guarding themselves against ever-increasing …
Four Steps to Creating a Data-Centered Culture (But Don’t Forget Step Zero) Read More »
Big Data has been around since 2005 but not everyone understands it. A couple of years ago, a potential client called me because they had a problem with their Big Data project. They said, if I volunteered my time to help them, I would have a chance to win the project. Naturally, due to the …
There is a lot of hype around machine learning and AI in the technology industry today. Banks and FIs are making bold steps towards implementing an AI roadmap. If you are startup and have AI in your name you are virtually guaranteed to get funded. However, what most people are missing is that AI is …
