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Databricks extends vertical industry reach with analytics libraries for financial services

Hivemind Partners with Databricks to Drive Business Value with Unified Data Analytics

Hivemind Partners with Databricks to Drive Business Value with Unified Data Analytics Services built on Databricks Unified Data Analytics Platform to provide complementary parallelised machine and human compute Hivemind, the versatile data preparation platform that streamlines and systematises human data work, today announced they have partnered with Databricks, the data and AI company that offers an open and unified platform for data analytics and AI. Databricks and Hivemind provide complementary parallelised machine and human compute, allowing mind and machine to work better together to build, prepare, and analyse datasets end-to-end. Databricks Unified Data Analytics Platform, built on a modern Lakehouse architecture in the cloud, radically simplifies enterprise data infrastructure by combining the best elements of data warehouses and data lakes. It enables massive-scale data engineering, collaborative data science, full-lifecycle machine learning and business analytics. Cus

Hivemind s associe à Databricks pour générer de la valeur commerciale grâce à l analyse des données unifiée

Hivemind s associe à Databricks pour générer de la valeur commerciale grâce à l analyse des données unifiée
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Why open banking will disrupt finance, and how firms can prepare

3) Create massive value for disrupters and adapters Open banking is about faster, more flexible banking services Open banking represents a paradigm shift for banks. It transfixes the open mindset and open-software principle to the rigid world of finance. Open banking is about leveraging technology to create platforms for transactions and banking services that are more flexible and faster than what is available today. It is about enabling fintechs and other financial startups to drive innovation and offer consumers more choice at lower prices.  But mostly, open banking is about data. Specifically, it systematizes the reality that the most important asset for a financial service institution (FSI) today is no longer capital or scale, but rather data.  It opens up access to customer data to third-party developers, leveling the playing field in a sector that consistently ranks among the lowest in its ability to innovate.

Databricks exec explains why open banking will disrupt finance the same way open source upended software

Advertisement Advertisement Open banking is about faster, more flexible banking services Open banking represents a paradigm shift for banks. It transfixes the open mindset and open-software principle to the rigid world of finance. Open banking is about leveraging technology to create platforms for transactions and banking services that are more flexible and faster than what is available today. It is about enabling fintechs and other financial startups to drive innovation and offer consumers more choice at lower prices. But mostly, open banking is about data. Specifically, it systematizes the reality that the most important asset for a financial service institution (FSI) today is no longer capital or scale, but rather data. It opens up access to customer data to third-party developers, leveling the playing field in a sector that consistently ranks among the lowest in its ability to innovate.

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