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5 Sure-Fire Tips How AI Is Going to Improve Fintech in 2021

Smart Data Collective

AI (Artificial Intelligence) and ML (Machine Learning) will bring improvement in Fintech in 2021 as the accuracy and personalization of payment, lending, and insurance services while also assisting in the discovery of new client pools. A crucial decision is needed in many financial sectors. Detection and prevention of fraud.

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Will Blockchain Be Resilient for Russians Using Cryptocurrencies?

Smart Data Collective

Although many traditional financial institutions like Bank of America use blockchain , it is still mostly used for cryptocurrency transactions. The ruble’s slump is understood to have led many Russians to withdraw money from banks and put it into other assets, primarily U.S.

Banking 291
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Big Data Partnerships Drive Growth in the Global Remittance Market

Smart Data Collective

Indeed, that much is proven as their digital remittance expanded by 45% in the first quarter of 2021 while the company’s overall revenue is up to $850 million from $600 million in all of 2020. Similarly, Western Union plans to further ease and streamline the process of accessing transaction statuses.

Big Data 236
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SMEs Use AI-Driven Financial Software for Greater Efficiency

Smart Data Collective

billion on AI in 2021 , but small businesses may spend even more on AI-driven financial management software. The banking industry is among those most heavily affected by AI. Smart solutions can give banks an advantage over competitors. Forbes author Rob Shevlin reports that chatbots will actually make bank branches obsolete.

Banking 249
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26 Interesting Statistics around Big Data, Data Science, and Analytics Market, Jobs, and Salaries

Analysts Corner

According to a 2021 report by the World Economic Forum, data science was identified as the skill with the largest skill gap. By 2025 , the market of big data analytics in banking is predicted to grow to $62.10 According to Healthcare Big Data Analytics Market Report 2022 , by 2027, big data in healthcare is predicted to reach $71.6

Big Data 246
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150+ Top Global Cloud Thought Leaders and Next Generation Leaders of 2021

Whizlabs

” He chose the name of the blog from the Arctic Monkeys song, Old Yellow Bricks, and is a must read for anyone who is planning on expanding their career in cloud computing or virtualization. Dana’s BriefingsDirect is a must read blog for anyone who is planning to grow their career in Cloud Computing.

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7 Executives, 52 Companies and 137 Products Win 2021 BIG Innovation Award

Bintelligence

Business Intelligence Group Announces the Winners of the 2021 BIG Innovation Awards. Philadelphia, PA—January 12, 2021—Today, the Business Intelligence Group named seven executives, 52 companies, and 137 products as leaders and winners of the 2021 BIG Innovation Awards.