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5 Ways Your Retail Banks Can Use Data to Better Serve Digital Natives

Smart Data Collective

One of the sectors most impacted by big data has been banking. Big data is even more important to the banking sector as more of their services become digitalized. The market for analytics technology in the banking sector is projected to be worth over $5.4 Banks turn to Data Analytics as Demand for Digital Services Grows.

Banking 279
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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 309
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How Big Data Impacts The Finance And Banking Industries

Smart Data Collective

These terms are fundamentally tied predominantly to matters involving digital transformation as well as growth in companies. Typically, this approach is essential, especially for the banking and finance sector in today’s world. Banking institutions actively use the data within their reach in a bid to keep their customers happy.

Banking 356
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Bank Statement Extraction: Software, Benefits, and Use Cases

Astera

Bank statements contain useful financial information that can be turned into important insights. With the era of manual bank statement extraction firmly in the past, intelligent document processing (IDP) and artificial intelligence (AI) offer a better way of processing bank statements and obtaining the valuable data they contain.

Banking 52
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Digital Transformation in Banking: Why Now, and How? | Simplilearn

Simplilearn

Rich with up-to-date research, successful case studies and industry experts’ insights, predictions, and recommendations, this white paper explains why digital transformati. Read More.

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3 Ways to Close the Data Gaps in Commercial Banking

Dataversity

Over the last few years, retail banking has done a tremendous job of making the user experience sleeker and more frictionless. Yet, for all of the great strides that have been made in revolutionizing the retail banking experience – both on the front- and back-end – the […].

Banking 241
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The Growing Role of Data Science and AI in Banking and Finance | Simplilearn

Simplilearn

When’s the last time you wrote a check or visited your local bank? Sure, the old checkbook comes in handy from time to time, but your debit card and mobile banking apps likely get much more action nowadays. Read More.

Banking 260