DataSeers: Taming the Data Demon

Published in insightssuccess. com

In the past few years, the banking and payments industry has seen disruptive innovation. Payments have become both faster and simpler. On the other hand, traditional business functions are still based on outdated technologies that cannot necessarily handle the extreme data complexity of today’s payments space. With the volume, variety, and velocity level at which this data floods in, payment companies and banks that can’t competently handle it face a real danger of fraud losses, ...

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Big Data Analytics Advance Sutton Bank Forward

Sutton Bank is an FDIC-regulated, Ohio state-chartered bank. They have been in the payment business about 20 years, specifically in the prepaid space. 

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Sutton initially identified three areas where they wanted to see improvement:

  • Increasing the speed at which new client data was added to the system
  • Improved fraud reporting and regulatory compliance
  • Greater flexibility and expanded choices for data end-users

Because Lewis ( Jeff Lewis, Senior Vice President of Payments and Prepaid Card Services at Sutton Bank ) had ...

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Taming the Data Demon: DataSeers and the Value of Actionable Data

Data is a vital part of any business in the payments industry. Almost all divisions within a company must deal with data in some capacity, yet many companies lack a uniform, comprehensive approach to data. With faster payments becoming more common, the need for better data handling is even more pronounced, especially for a company’s treasury executive.

Therefore, fintechs are trying to fill this gap by offering products which process, tag, and handle data across the company. One such fintech is ...

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More Than Money: How Predictive Analytics in Payments Can Help Prevent Human Trafficking

Adwait Joshi, Chief Seer at DataSeers and an expert on big data analytics, talks about how predictive analytics can be used in fighting human trafficking.

As an industry, we’ve come a long way in utilizing data analytics and cybersecurity tools to find and prevent payments fraud, an issue we fight daily. However, there is a problem even more nefarious that we, as an industry, could be addressing more fervently with the use of the data we already have at hand: ...

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Data Lakes: The Future of Data Warehousing?

In this special guest feature, Adwait Joshi, CEO of DataSeers, sees data lakes as a modern take on big data. When you think of a lake, you cannot define its shape and size, nor can you define what lives in it and how. Lakes just form—even if they are man-made, there is still an element of randomness to them and it’s this randomness that helps us in situations where the future is, well, sort of unpredictable. Adwait Joshi is a Chief ...

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