Remove Banking Remove Data Security Remove Technology
article thumbnail

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
article thumbnail

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 84
Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

Blockchain Technology: Pros and Cons [2024]

Knowledge Hut

By facilitating collaboration and value exchange amongst users of the same platform but with no other connections, blockchain technology takes it to a new level. The main benefits and drawbacks of blockchain technology will be covered in this blog. Distributed ledger technology, which manages its decentralized database, is used (DLT).

article thumbnail

Blockchain Technology in Agriculture: Application Techniques

Knowledge Hut

Blockchain technology in agriculture improves food safety by allowing information to be traced across the food supply chain. The capacity of blockchain to store and manage data enables traceability, which is utilized to aid in creating and implementing technologies for intelligent farming and index-based crop insurance.

article thumbnail

Top 5 Data + AI Predictions for Financial Services in 2024

Snowflake

And it’s no wonder — this new technology has the potential to revolutionize the industry by augmenting the value of employee work, driving organizational efficiencies, providing personalized customer experiences, and uncovering new insights from vast amounts of data. Here are just a few of their exciting predictions for the year ahead.

article thumbnail

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

Cloudera

Recently, Cloudera, alongside OCBC, were named winners in the“ Best Big Data and Analytics Infrastructure Implementation ” category at The Asian Banker’s Financial Technology Innovation Awards 2024. The Role of AI in Banking 2024 continues to witness the rapid development of AI and its applications, with GenAI leading the charge.

Banking 81