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Application of advanced analytics and machine learning in the banking industry

hackerearth

Banks have always been custodian of customer data, but they lack the technological and analytical capability to derive value from the data. Whether it is a bank, non-bank, or fintech, competing in the banking revolution comes down to how efficiently the available data can be used to solve business challenges and better serve the customers.

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Unleashing Innovation: Mastering AI-Driven Design Thinking Strategies

Leapfrogging

The integration of Artificial Intelligence (AI) in this process has opened up new avenues for innovation and efficiency, leading to the development of AI-driven design thinking strategies. Ideate : Generating a range of possible solutions. Prototype : Building a version of one or more of your ideas to show to others.

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Top 5 Digital transformation use cases for the BFSI industry

Acuvate

“Digital banking,” “super apps,” “hyper-personalization,” “customer experience,” and “agility” — are the terms redefining the BFSI industry today. Additionally, even though banks invest large sums of money in contact centers for handling inbound customer queries, a majority of these calls are generic and repetitive.

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Adjusting to a changing world

Paul Hobcraft

To quote Chuck Robbins, the Cisco CEO and Chairman “ We believe that no one company can deliver the full breadth of technology solutions that customers need at the pace the market requires ”. Ecosystems need to form to take advantage of many rapidly emerging market opportunities. The search is for synergies.

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Open Banking: what it is, how it works and why invest ASAP

mjvinnovation

In this movement, the term Open Banking becomes a promising reality. In this article, we will demystify and simplify the open APIs concept for banks. Keep reading to see what benefits are for banking institutions, their customers and more! The banks’ challenges with Digital Transformation. What is Open Banking.

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How IS Prescriptive Analytics transforming the future of business And decision-making

Acuvate

The prescriptive analytics software market will reach $1.88 Wouldn’t it be nice if your marketing analytics tool harnesses your last quarter’s data and recommends how your marketing plan for the next quarter should look like? . How can I maximize my marketing ROI? billion by 2022. The analytics world is fast changing!

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Does AI Replace Human Work?

The BMI Lab Blog

The utilization of this trend does not stop within banks, insurances, or offices. dollars by 2025 the global artificial intelligence (AI) software market is forecast to grow rapidly in the coming years ( Liu, 2020 ). Types of Artificial Intelligence - Weak AI vs. Strong AI. Reaching around 126 billion U.S.