PYMNTS-MonitorEdge-May-2024

data

Data are individual units of information. A datum describes a single quality or quantity of some object or phenomenon. In analytical processes, data are represented by variables. Although the terms "data", "information" and "knowledge" are often used interchangeably, each of these terms has a distinct meaning.

Source: en.wikipedia.org

Will FinCen’s Customer Identification Program Burden Banks and Consumers?
Will FinCen’s Customer Identification Program Burden Banks and Consumers?
May 24, 2024  |  Regulation

The fight between financial institutions and fraudsters is an eternal one, and a key battlefield remains identifying customers at the initial point of interaction and onboarding. In short, making...

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European Data Protection Authorities to Investigate OpenAI’s ChatGPT
European Data Protection Authorities to Investigate OpenAI’s ChatGPT
May 24, 2024  |  Regulation

A task force of the European Data Protection Board (EDPB) released a report that will guide member countries’ data protection authorities (DPAs) as they investigate OpenAI’s chatbot, ChatGPT. The report provides preliminary...

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Transaction and Consumer-Level Data Help Personalize Card-Linked Rewards Programs
Transaction and Consumer-Level Data Help Personalize Card-Linked Rewards Programs
May 22, 2024  |  Data

Recent announcements from some marquee names in financial services, and commercial partnerships, underscore the use of data, down to the consumer level, in crafting ever-more-relevant...

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OpenAI and Reddit Partner on Data Licensing, AI-Powered Features, Advertising
OpenAI and Reddit Partner on Data Licensing, AI-Powered Features, Advertising
May 16, 2024  |  Partnerships

OpenAI will be using Reddit content to train its artificial intelligence (AI) models. That’s one component of a new partnership formed by the AI company and the social media...

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Lawmakers Urge Regulators to Make Financial Data More Accessible
Lawmakers Urge Regulators to Make Financial Data More Accessible
May 16, 2024  |  Regulation

Members of Congress from both houses and both parties sent a letter Tuesday (May 14) to the heads of eight federal financial regulatory agencies, urging them to implement the Financial...

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VantageScore Unveils Credit-Scoring Model That Includes Alternative Open Banking Data
VantageScore Unveils Credit-Scoring Model That Includes Alternative Open Banking Data
May 15, 2024  |  Financial Inclusion

VantageScore unveiled a new credit-scoring model that uses both traditional credit data and alternative open banking data. The combination gives lenders a predictive lift of up...

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Verizon Expects to Double Network Thanks to AI Demand
Verizon Expects to Double Network Thanks to AI Demand
May 14, 2024  |  artificial intelligence

Verizon Communications is reportedly placing a significant bet on artificial intelligence (AI) as its next major growth driver. The company, which is the largest retail wireless...

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Transforming Back-Office Functions Lets Firms Move Forward With Certainty
Transforming Back-Office Functions Lets Firms Move Forward With Certainty
May 10, 2024  |  B2B Payments

Innovation across the payments sector has taken off over the last decade. Driven by automation, speed, security and convenience, electronic payments advances are reshaping back-office...

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Balsam Brands Uses Real-Time Data to Make Its Holiday List
Balsam Brands Uses Real-Time Data to Make Its Holiday List
May 08, 2024  |  Retail

With the first quarter recently in the books and Q2 well underway, most companies have their collective eye on an uncertain economy and an inconsistent...

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