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How Money Laundering Concerns Require New AI Monitoring Solutions

Smart Data Collective

Artificial intelligence has created a number of amazing opportunities for the financial sector. They state that this warrants the need to invest in AI to fight money laundering in 2020. Here’s how these solutions can help protect your company: Transaction Monitoring, Defined. The benefits of AI are endless.

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8 Ways Machine Learning Can be Used to Make Cities Smarter

Smart Data Collective

It’s no secret that artificial intelligence and technology has been developing quickly in recent times, with applications such as CAPTCHA that prevent bots from accessing sites, thermostats that adapt to our daily schedules or even algorithms that could choose potential vacation destinations for us.

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Promising Benefits of AI in the Financial Technology Market

Smart Data Collective

Artificial intelligence (AI) is all the rage now. According to P&S Intelligence , AI in the fintech market is expected to grow to $47 billion in 2030 from $7.7 billion in 2020. What is artificial intelligence? How do fintech companies apply artificial intelligence?

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Using Artificial Intelligence to Make Sense of IoT Data

BizAcuity

There is a coherent overlap between the Internet of Things and Artificial Intelligence. AI is about simulating intelligent behavior in machines that carry out tasks ‘smartly’. AI tries to imitate natural human intelligence or the cognitive functions that humans perform using their mind such as learning and problem-solving.

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Companies Without AI-Based WAF Protection Will Be Left Behind In 2020

Smart Data Collective

They take advantage of big data and artificial intelligence to orchestrate more vicious attacks, so businesses need to be prepared. A web application firewall rests at the outer edge of a company’s network pointing towards the public side of the web app to monitor, detect, and prevent potential attacks. Importance of WAF.

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AI-Based Banking Loan Software Will Become Norm In 2022

Smart Data Collective

There is no denying the reality that artificial intelligence is setting new standards in the financial sector. They currently spend just under $4 billion in 2020. The Deloitte report says that in the second quarter of 2020 the largest 100 banks in the USA reported $103.4 The banking industry is among them.

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Big Data and the Use of Satellite Imagery

Smart Data Collective

EOSDA Crop Monitoring allows assessing the crop state, checking fertilization needs in every field zone, scheduling field treatment, etc. Satellite images helped monitor environmental and technological disasters like Colorado and California wildfires, Hurricane Laura, or the Calving of the Brunt Ice Shelf, to mention a few.

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