Author Archives: Tom Groenfeldt

About Tom Groenfeldt

I write - mostly about finance and technology, sometimes about art, occasionally about politics and the intersection of politics and economics. My work appears on Forbes.com and and occasionally in The American Banker and Banking Technology in London.

Shazam! Experts Fell For a Fake Product From A Nonexistent Company In A Fraud Test

Cyber security pros and risk analysts should be better than the average person at detecting fraud, but a little over three percent submitted their personal identification information to sign up for an app described as “Shazam for voice identification.” Credit … Continue reading

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Gates Foundation Supports Expansion Of An Open Mobile Banking Platform in Africa

Two of Africa’s largest mobile operators and mobile money providers, Orange Group and MTN Group, have announced they will use open source financial services technology that was sponsored by the Bill and Melinda Gates Foundation. The two companies call their … Continue reading

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Social Security? The Numbers Say To Get In Early As Possible

Take Social Security as soon as you can — at 62 advises Steve Maersch, contradicting just about everyone in the retirement advice business. He even lists some of them: The Wall Street Journal, Forbes, Kiplinger magazine, Consumer Reports, Motley Fool, … Continue reading

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Does Anyone Outside PR Firms Think Surveys Are Newsworthy?

In a recent blog at Articulate Communications I wrote about the number of surveys that public relations firms send out, and how useless many of them are. I just reviewed my Inbox to see what the recent evidence is…the results … Continue reading

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SAS Beefs Up Cyber Protection With New Fraud and Security Unit

SAS has created a new global Fraud and Security Intelligence Division to help organizations better detect and combat threats from fraudsters and hackers. The division will further focus and sharpen the SAS efforts to combat fraud and cybersecurity threats. The … Continue reading

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Consumers Prefer AI Supplemented By Human Interaction

Consumers are more comfortable with AI in healthcare than other industries, according to an SAS survey. Lack of human interaction is the most cited reason for discomfort with artificial intelligence. While the buzz around artificial intelligence (AI) can seem ominous, … Continue reading

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Celent Seeks Nominations For Model Bank Awards

Dan Latimore, Celent SVP, said that after attending multiple conferences, including Sibos and Money2020 back to back, not to mention Finovate earlier in the autumn conference season, the Celent team remained coherent and was able to define some conclusions.   … Continue reading

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Big Data = New Oil — What’s That Even Mean?

During Teradata’s annual Partners conference in Anaheim, CA toward the end of October an executive  almost inevitably referred to big data as the new oil. Antony Peyton, deputy editor of London-based Banking Technology asked what that meant, which led to … Continue reading

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To Compete, Companies Need To Use Data Better

Corporations have to decide what they want to be when they grow up, said Oliver Ratzesberger, EVP and chief product officer of Teradata. They need to learn how to incorporate data in their corporate strategy and decision-making, added Ratzesberger, co-author … Continue reading

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Teradata Focuses On Top 500 To Leverage Scarce Resources — Data Scientists, Analysts

Teradata faces a challenge – how to grow a company when a key resource — data scientists and top data analysts — is limited. Victor Lund, who was named president and CEO of Teradata a year and a half ago, … Continue reading

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