Is Data an Asset or a Liability?
Hackers, regulators, and customers can all turn gathering data into a liability for financial services companies. The risks grow with the volume, variety, and velocity of data – all of which are increasing in our digitized society.
The big challenge with all this data is how can it help businesses solve problems? Adwait Joshi founded DataSeers to build tools to answer this question for banks and Fintechs.
In the latest episode of the IPA Payments Pod, we discuss the promise and peril of data and how the flows of data will affect the future of regulation and the industry itself in the years to come. You can listen here, or wherever you get your podcasts.
To learn more about DataSeers, you can visit their Web site at: An AI Solution for Banking and Payments - FinanSeer® (dataseers.ai).
ILex consulting sees opportunities for innovative and old school players in the new world by Teaching Banks and Fintechs to Work Together
In the brave new world financial services, there are opportunities for both innovative companies and traditional banks, but they need to understand one another if they want to thrive, says Joyce Mehlman, the founder of iLex Consulting Group.
In the latest episode of the IPA Payment Pod, we talk about why Fintechs need to understand the difference and relative value of Banking as a Service versus a direct issuer model of working with banks. We also discuss how traditional banks need to understand where Fintechs offer more in terms opportunities than competition.
In addition, she explained how the latest group of Fintechs and their founders are different in that they are more focused on building a business long-term than they are in building up a company that can be sold.
Listen to the new episode now.
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