Schrodinger’s Open Banking

By David Andrzejek, head of financial services, DataStax Schrodinger’s Cat is a quantum mechanics thought experiment in which a hypothetical cat can be considered to be both alive and dead simultaneously. I can’t help but think of open banking in the United States — it’s not here, and, at the same time, it’s very much…

The 10 most in-demand IT jobs in finance

The US financial services industry has fully embraced a move to the cloud, driving a demand for tech skills such as AWS and automation, as well as Python for data analytics, Java for developing consumer-facing apps, and SQL for database work. The push is part of an industrywide trend toward making banking more accessible by…

4 Reasons Why Companies are Using AutoML

The meager supply and high salaries of data scientists have led to a decision among many companies totally in keeping with artificial intelligence ― to automate whatever is possible. Case in point is machine learning. A Forrester study found that automated machine learning (AutoML) has been adopted by 61% of data and analytics decision makers in companies…

Why cyber fraud prevention is better than cure

There’s a cyber security arms race happening right now – and the criminals are winning. Estimates predict the cost of cybercrime will top $10.5 trillion by 2025, with financial institutions being particularly vulnerable. One study found the average cost of cybercrime to financial services companies was $18 million – 40% higher than the average cost…