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Cybersecurity in Banking: Importance, Threats, Challenges

Knowledge Hut

As we transition to a digital economy, cybersecurity in banking is becoming a serious concern. Utilizing methods and procedures created to safeguard the data is essential for a successful digital revolution. What is Cybersecurity in Banking? Protecting the user's assets is the primary goal of cybersecurity in banking.

Banking 98
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Habib Bank manages data at scale with Cloudera Data Platform

Cloudera

As the leading financial institution of Pakistan, Habib Bank Limited (HBL) is at the forefront of all development initiatives which includes growth of priority sectors and targeting the unbanked population in the country. HBL was the first Pakistani commercial bank to be established in Pakistan in 1947.

Banking 85
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Recognizing Organizations Leading the Way in Data Security & Governance

Cloudera

Judges were looking at how organizations tackled modeling & reduced business risk, prevented fraud, met regulatory compliance, established fully governed data marketplaces, and more. . This year, after careful consideration, two organizations stood out as leaders in data security and governance policies: Bank of the West and Telkomsel. .

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Cloud Computing in Banking Industry: Benefits, Applications, Challenges and More

Knowledge Hut

While an increasing number of businesses are adapting to cloud services, one industry is taking the time to adopt the concept on a holistic level: the banking sector. Cloud computing for banks enhances every aspect of the banking sector, from security to customer experience, making it a future-proof solution.

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Look Out for Risks in Open Banking!

Teradata

Open Banking is re-shaping the landscape of financial services and introducing new types of risks extending beyond data security. Secure open banking is everyone’s responsibility.

Banking 59
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The Award Winning Formula: How Cloudera Empowered OCBC With Trusted Data To Unlock Business Value from AI

Cloudera

The Role of AI in Banking 2024 continues to witness the rapid development of AI and its applications, with GenAI leading the charge. Banking, in particular, stands to gain significantly, with an estimated increase in revenue of US$200 billion to US$340 billion, equivalent to between 9% and 15% of their operating profits.

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Top 5 Data + AI Predictions for Financial Services in 2024

Snowflake

Mining unstructured data will be key to unlocking novel analytics Companies that can harness unstructured data for gen AI-enabled insights will be able to open up new analytics use cases in every subsector — from banking and asset management to payments and insurance. The possibilities are endless.