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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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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.

Big Data 293
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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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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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Predictive Analytics Use Case: Loan Approval!

ElegantJ BI

Perhaps the greatest risk to a lending organization is that presented by loan applicants who are unprepared to fulfill the long-term obligation of paying off a loan. Predictive analytics can be a crucial piece of the puzzle in supporting the loan approval process and monitoring and managing loans throughout the life cycle of the contract.

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Predictive Analytics Use Case: Loan Approval!

ElegantJ BI

Perhaps the greatest risk to a lending organization is that presented by loan applicants who are unprepared to fulfill the long-term obligation of paying off a loan. Predictive analytics can be a crucial piece of the puzzle in supporting the loan approval process and monitoring and managing loans throughout the life cycle of the contract.