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Uk Regulator Warns Insurers Banks About Responsible Use Of Customers Big Data - Latest News

UK watchdog warns financial firms over Big Data

LONDON (Reuters) - Britain’s banks and insurers ... firms have been using Big Data on customers, which can include social media use, for example to price motor or health insurance more accurately. But ... read more

I couldn't fix broken banks - so I started my own, says tech geek behind Starling Bank

But she was far from alone in spotting an opportunity to take on the big players ... and the bank launched two years later in 2017. McPike's background in data analysis drew him to Boden's idea to use ... read more

Sky Views: Why insurers are displacing the banks

All the big commercial banks now carry on their websites mission statements discussing their social purpose and how they are helping first-time buyers, small businesses, farmers, charities and other d... read more

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EU Welcomes Big Data Legislation

Each country, concerned about citizens’ personal data, big data analytics and security, was attempting to come up with its own legislation to control data. The EU decided to enact General Data Protect... read more

Big Banks May Lose $185B in AWOL Customers

NEW YORK (MainStreet) -- The next year might be a particularly bad one for the nation's largest banks if they don't begin to address their customers ... the big banks certainly have reason to worry th... read more

Why I'm Closing My Bank Accounts While I Still Can

Not long ago I walked into a local branch of my bank – the 13th largest bank in the United States based on consolidated banking assets, according to the Federal Deposit Insurance Corporation's (FDIC) ... read more

5 Things to Remember as the Big Data Debate Heats Up

But banking has also lost touch with the intangible social elements of someone’s life that help a bank really know its customers well. Big Data ... A responsible, sophisticated, and transparent use of ... read more

Journeys in big data and AI across the transport networks of London & Paris

We should take notice of the pioneering work in big data and ... SNCF is responsible for 6,200 trains a day that carry 3.2 million passengers on the Transilien network between the suburbs and the city ... read more

Wells Fargo hit with subpoenas over auto insurance scandal

A New York regulator subpoenaed two Wells Fargo divisions Tuesday, demanding the big ... insurance program in September 2016 and the bank takes "full responsibility for our failure." Wells Fargo also ... read more

How will open banking help reimagine the future for banks?

Consequently, banks in India will have to equip themselves for this tectonic shift. In fact, UK market watchdog Competition and Market Authority has taken the lead in stipulating time-bound adherence ... read more

City Watchdog Warns Of Buy-To-Let Clampdown

Sky News has learnt that the Financial Conduct Authority (FCA) has written to companies for which it has sole regulatory responsibility to warn that it is considering intervening in one of the fastest ... read more

FCA warns financial firms over Big Data

LONDON (Reuters) - Britain’s banks and insurers must take the lead in spelling out how they will use data collected ... firms and their customers. And regulation is central because it will help define ... read more

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