FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

The Argument for ‘Little’ Data in Banking

JJ HornblassbyJJ Hornblass
February 8, 2013
in Banking
Reading Time: 2 mins read
0
Share on Facebook

shutterstock_86679832Never mind big data — you can’t go anywhere in the banking world without talk of BIG DATA.

But I argue that bankers should think about “little” data, too.

One of the hottest tech companies right now is Box.com. Box, similar to Dropbox and Google Drive in that it provides file storage in the cloud, has raised $312 million of venture funds as it guns for a 2014 IPO, ReadWrite reports.

As I read about Box, a marketing email from Simple about its new Attach a Photo feature arrived in my inbox. Here’s what Simple says the feature:

You can also use this handy feature to, for example, attach a PDF of your cable bill to the transaction where you paid it, or the receipt from purchasing your TV to the transaction where you bought it. Attach your boarding pass to your flight purchase for easy access in the security line. One customer even suggested adding photos of odometer readings to gas purchases.

This is what I would call “little” data — the data stuff people have and need to reference. There is an acute need to combine “little” data with banking information, as Simple suggests. If bankers think online banking is sticky, how much more sticky would online banking (and mobile banking, for that matter) be if the online banking platform was the “personal finance Box.com” for consumers. Personal financial management is hard enough; any incremental organizational help banks can offer to consumers should pay dividends.

“Little” data is outside a bank’s or social network’s control. It’s on a customer’s hard drive, camera, or scrap of paper. In other words, it’s not aggregate-able. But once customers see the benefits of pulling their own data into their financial lives, perhaps the idea of BIG DATA won’t seem so scary.

 

Learn more about this at Bank Innovation 2013. Request an invitation here. 

Tags: big datadataSimplestartups
Previous Post

Finding the Honey in Online Shopping

Next Post

The Strategy Behind Apple’s Payments Patents Campaign

Related Posts

Deals and Dollars: Billions pour into neobanks, established fintechs
Banking

Nubank sees efficiency in its AI model, invests in own GPUs

August 14, 2026
agentic
Banking

Glia launches 25 AI agents for customer service

August 12, 2026
Courtesy/Canva
Banking

Northrim Bank taps Narmi for AI-powered digital banking

August 12, 2026
Next Post

The Strategy Behind Apple's Payments Patents Campaign

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account