article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Ideation Transformed the Culture of the Largest Bank in the Southern Hemisphere

Planview

That’s a stat we uncovered in our 2017 Business Innovation Report. Commonwealth Bank , the largest bank in the Southern Hemisphere, is an example of a company that has heavily invested in the creation of a culture of innovation and as a result of their efforts has started to see the fruits of their investment. Final thoughts.

article thumbnail

How Ideation Transformed the Culture of the Largest Bank in the Southern Hemisphere

Planview

That’s a stat we uncovered in our 2017 Business Innovation Report. Commonwealth Bank , the largest bank in the Southern Hemisphere, is an example of a company that has heavily invested in the creation of a culture of innovation and as a result of their efforts has started to see the fruits of their investment. Final thoughts.

article thumbnail

The Top 5 Technology Trends That Will Drive Innovation in 2018

hackerearth

Each of these technologies impact multiple functions within a company and influence different industries differently: Artificial Intelligence. Machine Learning. Artificial Intelligence. Machine Learning. Let’s look at how top technology trends are expected to drive innovation in 2018.

article thumbnail

How Chief Innovation Officer (CINO) may replace the traditional Chief Information Officer (CIO)

hackerearth

Of the CIOs surveyed in India, 51 percent reported that they were heading innovation, whereas 49 percent reported that they were leading digital transformation. JPMorgan’s CEO reported in his annual letter to shareholders that the U.S. bank spent $9.5 These companies also report a robust financial performance.

article thumbnail

How Big Data And AI Are Aiding The Fight Against Pandemics

Acuvate

Since the first reported case in Wuhan, China, of the Coronavirus, or COVID-19 as it is now known, the virus has spread to 166 countries with the number of global COVID-19 cases exceeding 614K. This raw data is then analyzed with machine learning algorithms to identify patterns and trends. AI-Powered Service Robots and Drones.