Sectors » Financial Services


The Past, Present and Future of Finance

Sep 23, 2016 |

Until recently, the personal finance industry was stuck in the past. Consumers could only capture data and insights on spending that had already occurred. Today, people are creating and given access to more data than ever from just about every aspect of their lives – including bank, insurance, healthcare, education, and legal data. Read more…

Financial Statements Now Audited by Big Data

Sep 22, 2016 |

Investors around the world rely on financial statements to determine whether they should buy or sell equities. But how can they know if those statements are accurate? Now auditing firms like KPMG are using the power of big data analytics to get a clearer picture of a firm’s financial health, and to identify potential fraud. Read more…

Why Data Science Needs To Be Simpler for Marketers

Sep 20, 2016 |

Overall IT budgets might be flat, but marketing budgets are growing as companies try to maximize outreach to customers across multiple channels. For the data-savvy marketer, the world of big data and data science offers tantalizing opportunities to create a one-to-one relationship with customers and leap ahead of competitors. Read more…

Can Hadoop Be Simple Again?

Sep 19, 2016 |

In the beginning, Hadoop had two pieces: HDFS and MapReduce. Developers knew how to use them to build applications, and IT teams knew what it took to operate them. Fast forward to 2016, and developers have a cornucopia of technologies and frameworks at their disposal. Read more…

Forrester Sees Steady Growth for Big Data, Hadoop, and NoSQL

Sep 16, 2016 |

A new report from Forrester predicts the big data market growing at nearly 13% rate over the next five years, with “non-relational” platforms like Hadoop and NoSQL segments growing nearly twice as fast. Read more…

News In Brief

ODPi Tackles Hive with Latest Hadoop Runtime Spec

Sep 27, 2016 |

ODPi today unveiled the second major release of its Runtime Specification that’s geared at setting a standard for Hadoop components to ensure greater interoperability among distributions and third-party products. New additions to the spec include Apache Hive and the Hadoop Compatible File System (HCFS). Read more…

Survey: Spark Going ‘Mainstream’

Sep 27, 2016 |

That rumbling sound you hear is Apache Spark entering production deployments in public clouds along with surging use of the cluster-computing framework’s streaming and machine learning capabilities, according to a new vendor survey that also found more diverse users and use cases. Read more…

MemSQL Delivers an ‘Exactly Once’ Real-Time Pipeline

Sep 26, 2016 |

MemSQL today unveiled a new release of its in-memory relational database that can process a real-time flow of messages from Apache Kafka using “exactly once” semantics. The NewSQL database accomplished the feat by creating a new “Create Pipeline” Read more…

Inflexible Data, Analytics Fueling Failures, Survey Finds

Sep 26, 2016 |

You would be hard pressed to find a business executive who does not believe data initiatives are critical to company growth. Still, a large number of companies say their initial data initiatives have failed due to issues like “data inflexibility.” Read more…

AWS Redshift Feels the Heat

Sep 22, 2016 |

Amazon Web Service’s Redshift data warehouse service is taking a beating this week, with database analytics competitors Oracle Corp. and Cloudera claiming their platforms run much faster for less money. Read more…

This Just In

InfluxData Secures $16M in Financing

Sep 21, 2016 |

SAN FRANCISCO, Calif., Sept. 21 — InfluxData, creator of InfluxDB and the leading open-source platform for managing the increasing volume of “time-series” data, today announced it has secured $16 million in Series B financing led by global investment firm Battery Ventures. Read more…

Zoomdata Announces Investment and Development Agreement With In-Q-Tel

Sep 8, 2016 |

SAN MATEO, Calif., Sept. 8 — Zoomdata, developers of the world’s fastest visual analytics platform for big data, today announced it has signed a strategic investment and technology development agreement with In-Q-Tel (IQT), the strategic investor for the U.S. Read more…

Adaptive Computing Acquired by ALA Services

Sep 7, 2016 |

PROVO, Utah, Sept. 7 — Adaptive Computing, provider of award-winning workload and resource orchestration software, announces it has been acquired by ALA Services LLC (ALA), the investment entity of Arthur L. Read more…

Macquarie Group Utilizing DataStax Enterprise

Sep 7, 2016 |

Sept. 7 — DataStax, the leading provider of database software for cloud applications, today announced that global financial services provider Macquarie Group leverages DataStax Enterprise (DSE) to help deliver a world-class digital customer experience for the company’s Banking and Financial Services Group. Read more…

DBS Leverages Big Data Analytics to Reduce Trade Anomalies

Sep 1, 2016 |

Sept. 1 — DBS Bank, which is shaping the future of banking, continues to blaze a path in the industry, including in the traditionally paper-based trade finance business.

The bank said today that working in partnership with A*STAR’s Institute for Infocomm Research (I2R), Singapore’s largest ICT research institute, and Cloudera, the leading provider of a data management and analytics platform built on the Apache Hadoop ecosystem, it has established a groundbreaking programme that will enable it to leverage big data technology to detect abnormal transaction activities in the trade finance space. Read more…