Build new products, personalized banking experiences or analytics for customers
Leverage data to drive ML/AI Innovation
Sell data insights externally to drive new revenue stream
In today’s digital world, there are billions of daily transactions, insights, and touchpoints producing mountains of data that can be leveraged to drive greater customer experiences, enable scientific breakthroughs, produce greater products and services, and introduce new revenue streams. One of the biggest challenges facing organizations today is how can you unlock the power and value of financial data while ensuring privacy is protected?
In a recent podcast and article with PYMNTS.com, Facteus (Formerly ARM Insight) CEO, Randy Koch outlined why the “perceived fear of data monetization is higher than the actual risk.” Facteus already safely and securely monetizes data for more than 1,000 financial institutions and has outlined the lessons learned in a “Road Map to Safe Data Monetization.”
The Facteus Refinery data engine enables you to ingest data from any input; aggregate, clean, and transform it; then port it to any PCI-compliant cloud platform. Facteus has worked with all of the major data warehouses and clouds. In some cases, we’ve worked with multiple partners for the same client.
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