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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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The Reason Why Tenant Credit Scores Are Higher Than Ever

Business and Tech

FICO reports that the average credit score now stands at 716, eight points higher than 2020, with consumers in lower score ranges seeing the biggest improvement. It may surprise some landlords to know that tax liens and civil judgments (including evictions) have been removed from credit reports since 2017.

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COVID-19: The digital transformation catalyst of banking business models

The BMI Lab Blog

The banking industry faces change, probably in a never known pace and relevance than before. Although COVID-19 had a positive impact on some banks due to a high increase in asset trading volumes and associated commissions, it also acts as a transformation catalyst. The trend towards a hybrid banking customer is continuing.

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Accelerating Clean Energy Innovation

Paul Hobcraft

” A groundbreaking report, “ Net-Zero by 2050: a roadmap for the global energy system “(referred to as NZE here) by the Internation Energy Agency (IEA), has been emphasising that this decade is pivotal to reaching net-zero by mid-century. This requires nothing short of a total transformation of the energy systems.

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Students need internships, but internships need disrupting

Christensen Institute

Strada and Burning Glass Institute’s new Talent Disrupted report made headlines this week conveying the indisputable crisis of underemployment that an astounding half of college graduates face. The report also confirmed what many in the field have long argued: internships are a critical ingredient in the college ROI equation.

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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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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.