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Data Analytics Improves Credit Risk Reduction Via Diversification

Smart Data Collective

One of the ways people are benefiting from data analytics is by improving credit score monitoring. Risk is an ever-present companion in the world of finance. Credit risk is one of the most critical hazards that banks and financial organizations face. The World Bank Blog has an entire post dedicated to this topic.

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Promising Benefits of AI in the Financial Technology Market

Smart Data Collective

For example, banks now apply AI to assess credit risks with high accuracy. It’s critical to financial institutions such as banks and credit unions that earn revenue from lending money with interest. Hence, banks go through the pain of assessing every prospective borrower’s creditworthiness. Fraud Detection.

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5 Ways AI Technology Is Changing The Future Of Human Society

Smart Data Collective

Speak of apps that monitor how much you’re eating, sleeping and exercising and being free to request a doctor any concern by pushing a button into your smartphone. But this is now about to evolve as banks, insurers, and businesses compete to learn how and when to use AI technology to reduce the expenses.

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Empowering Parents With Big Data: Ensuring Child Safety And Development

Smart Data Collective

When it comes down to it, monitoring your child online isn’t about freedom or privacy. Parents who monitor and limit online screen time are much more aware and able to intervene when an issue crops up. Monitoring your child’s online activities can help alert you if they’re being bullied or if your child is bullying others.

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Investing in Data Solutions To Streamline Your Retail Business

Smart Data Collective

Devise a cash management process for your business and train your staff on this procedure to guarantee that all employees understand the rule for all matters involving cash handling, including making bank deposits and using a Point Of Sale system. This is where data analytics can be most useful. How can big data help with cleaning?

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Pioneering AI Frontier: Integrated Knowledge Bases

Analysts Corner

I want to emphasize that in this series of articles, my aim is not merely to present the current state of technology. Banking sector : integrating credit information, accounts, and financial transactions. Management : monitoring transactional data from business operations to generate indicators at various levels.

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Data Savvy Hackers Enhance Password Vulnerability In 2019

Smart Data Collective

They are also starting to recognize that hackers are using big data as well, so they need to monitor them carefully. We’re sure your online banking data is hard to crack. The issue here is that your social media and email passwords wouldn’t necessarily present an immediate financial threat if they fell into the wrong hands.

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