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

Smart Data Collective

One of the biggest industries that has been affected has been finance. The change that seems most prevailing in terms of technological advancement is in business and finance to kickstart this revolution. Also, it states, in 2019 and 2020 cryptocurrencies have been on the road to recovery potentially entering a bull market.

Finance 348
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AI-Based Banking Loan Software Will Become Norm In 2022

Smart Data Collective

They currently spend just under $4 billion in 2020. Digital banking market. The Deloitte report says that in the second quarter of 2020 the largest 100 banks in the USA reported $103.4 From blockchain adoption to the use of AI scoring and digital underwriting – a lot of banking processes became paperless and online.

Banking 319
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How Big Data is Changing the World of Investing

Smart Data Collective

Last year, in an article that talked about the impact big data has on finance, we said that location data sets can make investing easier. Companies spent nearly $11 billion on financial analytics in 2020. Today, we are going to look at the potential influence big data has on personal finance in detail.

Big Data 287
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10 Spectacular Big Data Sources to Streamline Decision-making

Smart Data Collective

You can find all sorts of information from data sources, ranging from finance and economics, drugs, content marketing, health, government, education and entertainment. It provides statistics on different areas: finance, technology, food, software, cybersecurity, covid19 pandemic, entertainment, etc. HealthData.gov. Sounds familiar?

Big Data 336
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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. million people in the UK don’t have a bank account or access to a bank card or a digital wallet. These consumers don’t have a bank card that they can sync to a digital wallet, so they can’t make card or contactless payments.

Big Data 283
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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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7 Ways Business Intelligence In Finance Can Empower CFOs Today

Fingent

Business Intelligence in Finance becomes the most trusted aide of the modern CFO. Here’s how BI helps finance teams to leverage insights and drive the business forward. Business Intelligence In Finance: A CFO’s Most Reliable Tool In 2020 alone, 64.2ZB of data was created or replicated by many industries.

Finance 98