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Banks Merge Data Mining and CRM Tools to Boost Profitability

Smart Data Collective

The recent slew of bank failures have created a lot of concerns about the state of the global economy. The good news is that big data technology is helping banks meet their bottom line. The banking sector, in particular, can use big data technology to improve the actuarial analysis of the loan underwriting and approval process.

Banking 261
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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 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 291
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How Money Laundering Concerns Require New AI Monitoring Solutions

Smart Data Collective

trillion’s worth of proceeds from illegal activities are funneled through legitimate banking systems every single year, coming out clean on the other end. Here’s how these solutions can help protect your company: Transaction Monitoring, Defined. What AI Features Should Be Included in an AML Transaction Monitoring System?

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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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Case Study – Audit & Compliance Analytics for a Leading Private Bank in India

ElegantJ BI

The Partner is based in India and offers an Audit, Compliance and Risk Management solution for banks, insurance companies and financial institutions. The Client is the leading private sector bank in India, and the largest private sector bank in India by assets and by market capitalisation.

Banking 130
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Case Study – Audit & Compliance Analytics for a Leading Private Bank in India

ElegantJ BI

The Partner is based in India and offers an Audit, Compliance and Risk Management solution for banks, insurance companies and financial institutions. The Client is the leading private sector bank in India, and the largest private sector bank in India by assets and by market capitalisation.

Banking 100