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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 312
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Investing in Data Solutions To Streamline Your Retail Business

Smart Data Collective

The retail sector, in particular, can benefit immensely from a shift towards a data-driven business model. Big Data Technology is the Key to Simplifying Retail Businesses. As a busy retailer, making your operations run more smoothly and efficiently should be at the top of your to-do list. Standard Procedures.

Retail 334
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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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How Big Data and AI are Revolutionizing Payments

Smart Data Collective

How Big Data is changing the finance and retail scene. Typically, finance and retail sectors face challenges in optimizing their ROI. In retail, in particular, although it is always possible to reach the customer, doing it with the minimum spending of time and money is a challenge. Let’s start with a use case.

Big Data 348
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The Complex Reality of Personal Data In The Credit Card Industry

Smart Data Collective

It’s no secret we live in a digital world! We now live in a world where a person has a unique digital footprint, for which they bear some responsibility. The UK Office of National Statistics shows that roughly 30% of all retail sales are conducted over the Internet. From there, banks and retailers have options.

Retail 286
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Ways Big Data Creates a Better Customer Experience In Fintech

Smart Data Collective

Fintech analytics helps businesses in the financial and banking industry offer satisfactory services by: Enhancing View Of Customer Profiling. Fraud is a cause for concern in the banking industry, especially now that mobile banking takes a center stage. Improving Security. Fraud detection.

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7 Key Industries Being Transformed by Data Savvy Virtual Agents

Smart Data Collective

Banking has been gradually going digital for years now, but that shift was accelerated last year. Without being able to physically enter branches, more people were reaching out to their banks via phone or online. To ramp up this increased need for virtual customer support, many banks have turned to using virtual assistants.

Banking 290