"75 percent of respondents at banks with over $100 billion in assets say they're currently implementing AI strategies, compared with 46 percent at banks with less than $100 billion in assets," UBS Evidence Lab reports.
Artificial Intelligence (AI) has become an integral part of the most demanding and fast-paced…Continue
Added by Aileen Scott on June 23, 2021 at 3:30am — No Comments
How do modern banks use Big Data?
Recently, we have been hearing about Big Data more and more often. In today's digital world, this technology is being actively used in the financial industry as…Continue
Added by Artsiom Balabanau on June 17, 2021 at 9:00pm — No Comments
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Added by Aria Barnes on April 27, 2021 at 11:20pm — No Comments
Driven by developments in artificial intelligence and big data, the whole financial industry is undergoing a fundamental change that will become even more pronounced in the coming years. The associated changes entail many opportunities, but also numerous risks. It is already foreseeable that there will be both winners and losers, especially since the degree of maturity of the use of artificial intelligence in banks is very different.
But how can a bank actually notice that it is being…
Added by Dr. Dimitrios Geromichalos on June 25, 2018 at 12:30am — No Comments
At the Mobile World Congress, MasterCard recently announced that it was teaming up with Facebook to provide small businesses in Africa and Asia with an affordable and simple on-ramp for accepting mobile payments.
The partnership will help unbanked retailers and merchants in the regions open bank accounts…Continue
Added by Deena Zaidi on April 30, 2018 at 9:30am — No Comments
To understand how skills in actuarial science can be applied to investment banking we need to understand what actuarial science deals with.
So what is actuarial science?
Actuarial science can be defined as the application of mathematical skills to social science to solve important issues. Most of the time the actuaries use statistics to solve the issues by reducing risks in the insurance industry, government, business and in academic research. Actuaries use…Continue
On the basis of regional analysis, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America region is generating highest market share in Core Banking Solutions Market owing to higher technology implementation. The implementation of core banking solution software by both small and medium enterprises is increasing rapidly. In US region, the implementation of core banking solution software in BFSI sector accounted for…Continue
Added by Sagar kadam on June 26, 2017 at 11:30pm — No Comments
Please watch this video and learn how we take multiple channels of data: Bank systems, IVR, Call Center Notes, Clickstream, and others to perform behavioral churn prediction. We do this at data scale and not using samples.
Added by John Thuma on July 11, 2015 at 9:30am — No Comments
Digital banking offers unprecedented opportunities both for banks as well as customers. It has provided banks breadth and ease in delivering their products and services to customers. As for customers, it has pushed service options and expectations to a new high. Given the opportunity spectrum, it is no surprise that banks have invested heavily in upgrading their digital preparedness. 2015 promises more investments in digital banking.
A definition of digital banking will be of help…Continue
With immense growth in technology, financial institutes, skyscrapers and malls, one can find that the number of consumers have increased exponentially in the Middle East over the past few years. Reports suggests that 91% of the population comprises of expats in UAE enjoying high salaries and tax free benefits.
Moreover, the options to spend your money have gotten bigger and better with UAE working towards the initiative to build Smart Cities setting strong infrastructure fundamentals…Continue
Added by IPSITA on November 22, 2013 at 12:02pm — No Comments