big data

Jun
15

Alibaba moves to transform Australian fintech

Alibaba Group’s innovative facial recognition, artificial intelligence and data analytics technology is coming to Australia’s financial services sector, under a partnership with local technology group TAS. The landmark deal between TAS and Alibaba’s cloud computing arm, Alibaba Cloud, will provide Australian businesses with the opportunity to access cutting edge cloud computing and data centre services. […]

By Reposted by Australian FinTech | FinTech
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May
15

Alibaba Cloud and TAS announce partnership to lead the way in cloud services for Financial Industry in Australia

TAS, a leading technology partner for the financial services sector and Alibaba Cloud, the cloud computing arm of Alibaba Group, have announced a partnership that marks a new era of cloud services to the financial services industry (FSI) in Australia. In this partnership, TAS and Alibaba Cloud will provide a managed, compliant and secure cloud […]

By Australian FinTech | FinTech
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Apr
11

Australia lags on digital banking revolution: Oracle survey

Would you be prepared to give a little-known business access to your most sensitive financial data, if it meant getting a better deal on your home loan? This type of question is set to become increasingly relevant in the coming years, as the big data revolution joins forces with a push for greater competition in […]

By Reposted by Australian FinTech | Banking . FinTech . Lending . Peer-to-Peer . Robo-Advice
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Jan
31

Pocketbook connects to Macquarie in data sharing deal

Retail banking data is flowing between a bank and a fintech in Australia for the first time, after the budgeting app Pocketbook connected with Macquarie Bank’s new ‘open banking’ platform in a move the fintech says will improve its offering to customers. The data-sharing deal will allow Pocketbook, which has 400,000 users, to provide real-time […]

By Reposted by Australian FinTech | Banking . FinTech
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Oct
31

Data revolution to transform four pillars model

You’re browsing through Facebook when a message pops up, asking if you’d like to check whether you’re getting a decent interest rate on your savings. Curious, you tap the screen to find out more. It asks you to provide a bit more information about your financial goals – you’re saving for a deposit on a […]

By Reposted by Australian FinTech | Banking . FinTech
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Oct
09

Netwealth founders say AI, data mining to shape $750b platform market

The founders of financial planning platform Netwealth predict artificial intelligence and data mining will lead innovation in the fast-growing platform market, ahead of an expected $900 million sharemarket listing of the family company later this year, which could catapult its founders onto the Financial Review Rich List. Michael Heine, his brother Leslie Heine and and […]

By Reposted by Australian FinTech | FinTech . Investing
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Oct
09

Banks want to charge for handing over customer data

Major banks want to charge fintech businesses in exchange for handing over data on the banks’ customers, a sign of the likely tensions to emerge as the government looks to break open the banks’ information vaults. In a move that could have far-reaching implications for banks and their customers alike, Treasurer Scott Morrison earlier this […]

By Reposted by Australian FinTech | Banking . FinTech
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Sep
27

Nothing to fear from robo-advice: Magellan

Magellan Asset Management chief executive and chief investment officer Hamish Douglass believes financial advisers should not fear robo-advice in an era where artificial intelligence and big data can dominate discussion. Speaking at Magellan’s financial adviser national roadshow recently, Douglass said if advisers remain true to their trusted roles within financial services there is little to […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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