With billions of transactions processed daily, data is a key asset in the financial sector. Big Data allows that information to be leveraged, turning it into a competitive edge.
Big data, specifically with the help of artificial intelligence (AI), empowers insurance companies to make better financial decisions. Data science can help mitigate fraudulent claims, enhance risk management, optimize customer support, and predict future events, among many other benefits. The result is higher profits for insurance companies and lower premiums
Decentralized finance (DeFi) is booming. And among everything blockchain has to offer, DeFi is one of the most legitimate sectors and – arguably – the most promising. But like everything in life, it has its pitfalls too. “Decentralized finance allows anyone a do-it-yourself version of investment banking, supported by high
Why Financial Service Institutions Need To Start Taking AI and CX More Seriously During Uncertain Times
If there has been a silver lining to the pandemic, it’s been added great momentum and speed to digital transformation. Financial Service Institutions (FSIs) are entrenched in an industry that is time-honored and, as a result, often old-fashioned. However, FSIs must embrace developments in technology, specifically AI and customer experience
Decentralized finance – DeFi – has exploded over the last couple of years. And with any fast-moving new tech sector, some people will attempt to take advantage of the industry, which means DeFi security is a booming sector as we protect against an ever-increasing amount of hacks, breaches, and exploits.
This article was originally published on Grit Daily and is reproduced with permission. The Palo Alto and Pune-based Al-powered fintech startup Zeni has completed a Series B fundraising round and secured $34 million. It is an advanced fintech platform that allows companies to do all their financial tracking in one
Big data is one of the most rapidly growing industries in the world and was valued at $169 billion in 2018, with expectations to approach the $300 billion mark by the end of next year. Even with such monetary influence in the world already, the industry is still figuring itself
Technologies like machine learning and AI are changing the way that we do many things, including asset management, investing, trading, and managing money. Fintech solutions have been gaining popularity and challenging many key aspects of our financial landscape in the digital age. Commission-free transactions and unlimited access make well-known stock
Computing advances and data expansion have suddenly made AI part of everyday life and an invaluable tool for almost every industry. Healthcare, manufacturing, transportation, law enforcement, national defense, and education all stand on the precipice of revolutions due to AI’s evolution – but perhaps no field is so perfectly suited
Talent recruitment without data is drought with challenges. Hiring managers may find themselves at a disadvantage when determining how much they need to pay their employees. Offer them too little, and they’re unlikely to work for you. Pay them too much, and you’re not utilizing your resources effectively. Compensation management
It’s essential for organizations to be aware of shifts in employee spend that invite different risks. The data scientists at Oversight, an enterprise spend management software, reveal the ongoing spend shifts organizations face and how the pandemic has quickly reshaped travel and expense employee spend. A high-level look at the