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How Banks are Using Technologies to Help Underserved Communities

Cloudera

Financial inclusion, defined as the availability and accessibility of financial services to underserved communities, is a critical issue facing the banking industry today. According to the World Bank, 1.7 Banks are also working to help underserved communities become more financially literate and responsible.

Banking 75
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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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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.

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AI in Banking: 5 Applications of Artificial Intelligence in Banking

Edureka

In the constantly changing world of technology, artificial intelligence has become a potent tool for transforming sectors all over the world. The banking industry is at the forefront of integrating AI, one of its many transformational uses. This enables banks to quickly investigate and take the necessary action.

Banking 40
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Fueling Enterprise Generative AI with Data: The Cornerstone of Differentiation

Cloudera

By leveraging an organization’s proprietary data, GenAI models can produce highly relevant and customized outputs that align with the business’s specific needs and objectives. Structured data is highly organized and formatted in a way that makes it easily searchable in databases and data warehouses.

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Back to the Financial Regulatory Future

Cloudera

While this might be a blast from the past we’d rather leave in the proverbial rear-view mirror, in March of 2023 we were back to the future with the collapse of Silicon Valley Bank (SVB), the largest US bank to fail since 2008. Anyone can make their future whatever they want it to be.” Well, sort of.

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AI in Financial Fraud Detection and Prevention

RandomTrees

AI technology is revolutionizing and changing the way that fraud detection and prevention are being practiced, especially in the finance industry. Rule-based systems and manual reviews under traditional approaches have become inadequate for combating technologically advanced criminals.

Banking 52