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Blockchain: The Fall of Traditional Centralized Systems in Business & Finance

Smart Data Collective

In the year 2009, a man under the alias of Satoshi Nakamoto invented the first digital currency called bitcoin and initiated the use of blockchains. Also, it states, in 2019 and 2020 cryptocurrencies have been on the road to recovery potentially entering a bull market. Facebook is the most popular social media platform in the world.

Finance 348
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Data Savvy Hackers Enhance Password Vulnerability In 2019

Smart Data Collective

A growing number of companies are starting to explore the need to utilize big data to enhance their digital security. This is, of course, unless you’re one of the carefree crowd which is still using the same password for absolutely everything you do online in 2019. We’re sure your online banking data is hard to crack.

Big Data 183
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Big Data Partnerships Drive Growth in the Global Remittance Market

Smart Data Collective

With so many consumers around the world using money transfer services, the global digital remittance market has experienced unprecedented rates of growth over the last few years. Recent revenue reports from its website show its digital partners increased more than 38% in 2020 from 2019.

Big Data 236
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Experts Warn AI And Social Engineering Lead To New Digital Scams

Smart Data Collective

A study by Juniper Research estimates that they will cost global companies $2 trillion in 2019! For example, he receives an email from what appears to be a legitimate source, such as a bank, with a wording that leads him to “click” on a link that is the fraudster’s website.

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How Can You Use Machine Learning to Optimize Pricing in FinTech?

Smart Data Collective

They expect something different from classically understood banking. According to Mordor Intelligence , the AI market in the sector will grow from $7.27B in 2019 to over $35.4B Financial software development company can save you a lot of trouble and create a performing digital product worthy of your customers’ attention.

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Data-Driven Strategies to Help Prevent ACH Fraud

Smart Data Collective

A growing number of banks, insurance companies, investment management firms and other financial institutions are finding creative ways to leverage big data technology. ACH payments allow users to transfer cash from one bank to another online. The market size for financial analytics services is currently worth over $25 billion.

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7 Key Industries Being Transformed by Data Savvy Virtual Agents

Smart Data Collective

billion in 2019. Banking has been gradually going digital for years now, but that shift was accelerated last year. Without being able to physically enter branches, more people were reaching out to their banks via phone or online. The overall IVA market is predicted to grow 34% by 2027, and it was valued at $3.7

Banking 224