Smart Data Collective

JUNE 29, 2022

Many banks have already begun to utilize chatbots powered by natural language processing, also known as NLP. NLP chatbots can automate the workflow and collect valuable data through these interactions. Keeping financial data secure is essential to prevent fraud. AI Biometrics for Authentication. Predictive Analytics.

Artificial Intelligence 278

Artificial Intelligence Predictive Analytics Documentation Finance 278

Astera

DECEMBER 18, 2023

From managing customer transactions and financial records to dealing with regulatory requirements and risk management, data plays a crucial role in every aspect of banking operations. This data is categorized as big data, a term denoting “large, diverse sets of information that grow at ever-increasing rates.”

Finance 52

Finance Banking Real-time Data Data Warehouse 52

Astera

FEBRUARY 9, 2024

End-to-End Credit Risk Assessment Process The credit risk assessment is a lengthy process where banks receives hundreds of loan applications daily from various channels, such as online forms, email, phone, and walk-in customers. The data pipeline is prone to errors and failures, such as network issues, server downtime, data corruption, etc.

Banking 52

Banking Data Warehouse Data Quality Data Security 52

Astera

DECEMBER 18, 2023

From managing customer transactions and financial records to dealing with regulatory requirements and risk management, data plays a crucial role in every aspect of banking operations. This data is categorized as big data, a term denoting “large, diverse sets of information that grow at ever-increasing rates.”

Finance 40

Finance Banking Real-time Data Data Warehouse 40

Astera

FEBRUARY 9, 2024

Similarly, a survey by S&P Global found that 71% of banks indicated that digitization provides better risk control and management to protect organizational profitability. Therefore, automating and digitizing the credit risk assessment workflows could help BankX save time and costs.

Data Warehouse 52

Data Warehouse Data Quality Data Security Monitoring 52

Astera

AUGUST 1, 2023

Let’s explore some of the commonly used EDI communication methods: Value-Added Network (VAN) One popular EDI communication method is a Value-Added Network (VAN), which acts as a secure intermediary between trading partners.

Documentation 52

Documentation Data Security Digital Banking 52

Astera

NOVEMBER 1, 2023

Data warehouses have risen to prominence as fundamental tools that empower financial institutions to capitalize on the vast volumes of data for streamlined reporting and business intelligence. Data-driven Finance with Astera Download Now Who Can Benefit from a Finance Data Warehouse?

Data Warehouse 52

Data Warehouse Finance Data Quality Banking 52