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How AI-Driven Cybersecurity Drastically Impacts Our Lives

Smart Data Collective

Artificial intelligence is a form of technology that is drastically changing our lives. One of the most impactful ways that AI impacts our lives is by improving our cybersecurity technology. Sridhar Muppidi, CTO of IBM Security, created a very insightful video about the benefits of AI in the field of cybersecurity.

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Promising Benefits of AI in the Financial Technology Market

Smart Data Collective

Artificial intelligence (AI) is all the rage now. 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 What is artificial intelligence? AI in fintech is here to stay.

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AI Technology is Invaluable for Cybersecurity

Smart Data Collective

One of the most striking examples is in the field of cybersecurity. One poll found that 56% of companies use AI to enhance their cybersecurity strategies. On the other hand, many cybersecurity professionals are also using AI to safeguard their digital assets. AI technology is helping with cybersecurity in a myriad of ways.

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Leading Trends of Fintech Development Services in 2022

Smart Data Collective

Business automation and artificial intelligence. The use of artificial intelligence technologies allows for improving the quality of service and minimizing costs. Blockchain technologies allow creating transparency for clients, banks and other institutions. Top 5 Finetech Development Trends. Instant transfers.

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Is Machine Learning Changing Our Approach to Asset Management?

Smart Data Collective

Wealth and asset management has come a long way, evolving through the use of artificial intelligence, or AI solutions. Machine learning (ML) is a form of AI that is becoming more widely used in the market because of the rising number of AI vendors in the banking industry. The banking and financial industries are no different. .

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How Money Laundering Concerns Require New AI Monitoring Solutions

Smart Data Collective

Artificial intelligence has created a number of amazing opportunities for the financial sector. We have talked about the benefits of using big data and AI to improve cybersecurity. The benefits of AI are endless. But there are other processes that could be equally important for financial institutions. Transaction Filtering.

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Best Ways to Integrate Big Data into Your Business

Smart Data Collective

For example, predictive analytics detect unlawful trading and fraudulent transactions in the banking industry. Understanding the ”normal” tendencies allows banks to identify unusual behavior quickly. Cybersecurity is another significant concern as data privacy and GDPR grow more crucial. Spotify is a good example.

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