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How Big Data Impacts The Finance And Banking Industries

Smart Data Collective

Typically, this approach is essential, especially for the banking and finance sector in today’s world. Financial institutions such as banks have to adhere to such a practice, especially when laying the foundation for back-test trading strategies. Big data has numerous perks relating to the financial and banking industries.

Banking 358
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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. However, the market for AI in banking is expected to grow over 30% a year and will be worth over $64 billion by 2030. New software uses AI to manage bank loans. AI Makes Bank Lending Software Far More Reliable.

Banking 313
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How Do Banks and Other Financial Institutions Benefit from AI

Smart Data Collective

AI is revolutionizing the banking and financial sector. Read this article to get to know why banks need to introduce AI-based solutions in their workflows—the faster the better. Banking is one of those industries that can earn or save billions of dollars thanks to AI. Compliance and Fraud Detection. Investment Valuation.

Banking 297
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Data-Driven Companies Leverage OCR for Optimal Data Quality

Smart Data Collective

One study by Think With Google shows that marketing leaders are 130% as likely to have a documented data strategy. Optical Character Recognition, or OCR, is a technology for reading documents and extracting data. Optical Character Recognition, or OCR, is a technology for reading documents and extracting data.

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Cloud Advances Make Record Keeping Compliance Easier Than Ever

Smart Data Collective

This article will explore the records that a business needs to keep, how cloud advances have made record keeping easier than ever, and how businesses can take advantage of these advancements to ensure compliance with regulations. Natural events like hurricanes, floods, and even fires can result in the loss of essential documents and records.

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From Documentum to Document Management

Argon Digital

While not every business or agency has quite this level of document management overhead, dealing with paper forms and disorganized electronic documents costs time, money, risk, and employee burnout. From a metal cabinet to digital document management. In 1985 the first scanner was invented, and we’ve never looked back.

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Big Data to Play Key Role in Future of Bankruptcy Proceedings

Smart Data Collective

In this article we’ll explore the two terms, how they differ and how they make up the world of insolvency proceedings. You can learn more about the details in these situations in our past article When Big Data Meets Big Law. That commonly includes lenders such as banks who hold secured loans and mortgages.

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