Remove 2020 Remove Information Remove Monitoring
article thumbnail

How Money Laundering Concerns Require New AI Monitoring Solutions

Smart Data Collective

They state that this warrants the need to invest in AI to fight money laundering in 2020. Hence, employing an AI-driven effective anti-money laundering transaction monitoring system is a financial institution’s first and best line of defense against financial criminals seeking to exploit their services for unsavory purposes.

article thumbnail

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

Smart Data Collective

It could be financial information or capital, personal data of personnel and clients, or even the company’s own infrastructure. 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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

AI-Based Banking Loan Software Will Become Norm In 2022

Smart Data Collective

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 2020 became the year when a lot of customers first experienced their remote interaction with banks and enjoyed it. The banking industry is among them.

Banking 319
article thumbnail

How to Plan a Cybersecurity Strategy for Your Small Business

Smart Data Collective

A well-throughout cybersecurity plan will help your small business prepare for the worst, comply with the regulations, and show customers that their information is secured. Ensure the information you transmit to or from the network is encrypted to protect your sensitive information. Identify Threat Vectors. Lack of encryption.

article thumbnail

10 Spectacular Big Data Sources to Streamline Decision-making

Smart Data Collective

We are living at a time when there is heavy reliance on big data, which often comes from online information. Due to the benefits online data provides, you should strive even more to find or share factual information. You can tell from the name of this data source that you can rely on it for global statistical information.

Big Data 336
article thumbnail

Azure Cloud Is Transforming the Way We Run Our Businesses in 2021

Smart Data Collective

Companies can then monitor their performance from this platform. 2021 is an extension of the uncertain times of 2020. Businesses are increasingly using Azure to retrieve information related to consumer behavior. They also get to monitor the interactions of their customers with their products and services.

article thumbnail

8 Ways Machine Learning Can be Used to Make Cities Smarter

Smart Data Collective

While obtaining and processing data is a challenge, several start-up companies are developing tools that will not only quantify emissions but also help develop plans (based on data) on how to reduce emissions, such as through laying out more sustainable and informed decision making or through switching to viable renewable energy sources.