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Ways Big Data Creates a Better Customer Experience In Fintech

Smart Data Collective

billion on financial analytics by 2030. And Big Data is one such excellent opportunity ! Big Data is the collection and processing of huge volumes of different data types, which financial institutions use to gain insights into their business processes and make key company decisions. Improving Security.

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Promising Benefits of AI in the Financial Technology Market

Smart Data Collective

For example, banks now apply AI to assess credit risks with high accuracy. According to P&S Intelligence , AI in the fintech market is expected to grow to $47 billion in 2030 from $7.7 It’s critical to financial institutions such as banks and credit unions that earn revenue from lending money with interest.