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AI-Based Banking Loan Software Will Become Norm In 2022

Smart Data Collective

The banking industry is among them. Banks have been slower to adapt AI technology than some other institutions. They currently spend just under $4 billion in 2020. However, the market for AI in banking is expected to grow over 30% a year and will be worth over $64 billion by 2030. Digital banking market.

Banking 317
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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. It will be revolutionary.

Finance 348
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Big Data Leads to the Possibility of a Cashless Society

Smart Data Collective

By 2020, half of all payments in the UK were made by card, more than a quarter (27%) using contactless. Making concessions for those without a bank account. million people in the UK don’t have a bank account or access to a bank card or a digital wallet. That rose to 19% by 2018. And the trend continues to evolve.

Big Data 281
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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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A Surging Trend: 5 Most Promising Cryptocurrencies Made Possible through Blockchain

Smart Data Collective

Blockchain technology was developed to create bitcoin, but it has been vital to other digital currencies as well. With over 7,000 digital coins to choose from, how do you tell which is the best cryptocurrency? It has earned favor among users thanks to low transaction fees and zero banking fees. Ethereum (ETH).

Banking 256
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5 Ways AI Technology Is Changing The Future Of Human Society

Smart Data Collective

Digitization empowers people to take care of their own wellbeing. The concern that the workforce would be severely damaged sustained as a result of innovation isn’t unfamiliar, but digitization can happen much faster than ever with the introduction of new technology. Better Standards of Education. Sensors for Improved Security.

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Predictive Analytics Made Last Summer The Season Of Altcoins

Smart Data Collective

Predictive analytics have become even more influential in the future of altcoins in 2020. Sales of alternative digital coins were so impressive this past summer that some pundits in the crypto currency market have called it the “Season of Altcoins”. The simple definition of an altcoin is any digital currency that is not Bitcoin.