DataSeers Partners with Central Payments

ATLANTA, Oct. 24, 2019 — Atlanta-based fintech DataSeers, Inc. today announced a partnership with Central Payments, the South Dakota-based payments division of Central Bank of Kansas City, to expand the bank’s end-to-end use of big data and streamline data flow for fintech partners in the payments ecosystem.

Central Payments will use FinanSeer, DataSeers’ premier SaaS, to clean, prep, and analyze transactional data before conducting full data reconciliation, compliance scans, fraud detection, and 360-degree analytics.  FinanSeer uses both machine learning and ...

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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 On the other hand, traditional business functions are still based on outdated technologies that cannot necessarily handle the extreme data complexity of today’s payments space.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

The entire article was originally published in Medici and can be accessed here.

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: human trafficking.

Human trafficking cases have hit a 13-year record ...

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