BFSI

Are AI, Cryptocurrency & Blockchain Cornerstones for Future of Fintech?

The technology and innovation that is driving the growth of the Fintech industry are not limited to any one genre. An assemblage of various technologies including AI and cryptocurrency and Blockchain contributes a huge stage to its transformation into a

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Machine Learning for Fraud Prevention

According to a report, fraud cost the worldwide economy £3.2 trillion in 2018. For certain organizations, misfortunes to fraud arrive at over 10% of their total spending. Such enormous misfortunes push organizations to scan for new solutions to avoid, identify,

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Top 10 Fraud Detection & Prevention Software Companies in 2019

In most companies, fraud is generally detected only after it happens. After that the measures are implemented for its future prevention and protection. With the upsurge of technology and rising digitization, fraud detection and prevention, before it happens, has become

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How AI is Powering the Future of Banking

The banking sector is rapidly shifting towards technology as the industry stores the world’s wealth in databases and transactions that simply exchange information over networks. New-age technology here, such as Artificial Intelligence particularly, can assist the industry, from accounting and

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Financial Firms Planning to Invest in Data Management for Better Decision-Making

The current market trends indicate that capital markets firms are under massive pressure to make the most judicious business and investment decisions possible. The effectiveness of such decisions particularly depends on the data underpinning them. A research released by Waters

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Using Big Data & AI for Compliance

The compliance landscape is highly dynamic. Every industry, from banking to healthcare, is organized by at least one regulatory body. Be it HIPAA or PCI DSS; businesses are legally mandated to comply with a range of regulations. The multiplicity of

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The Growing Importance of Big Data Analytics in Compliance Reporting for Financial Services

Advancements in technologies and ever-growing and changing regulations have created a more challenging landscape for today’s financial services industry. From adhering to financial compliance requirements to managing global tax function, several financial institutions or banks are subjected to heavy fines

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The Role of Big Data In Auditing and Analytics

Big data is the new wave that’s taking over company operations by storm. Businesses that are able to leverage the volume, variety and velocity of big data can make better decisions, reduce operational costs, and keep up with evolving customer

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How to Simplify Your Financial Processes with Big Data

Running a business means having to deal with activities involving finances. For the most part, the survivability of your business will have to depend on how well you keep your resources in check. Financial management is the cornerstone of any

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The Power of Robotic Process Automation in Financial Services

Robotic Process Automation (RPA) is gaining prominence across various industries, particularly in financial service organizations of all sizes. This is not radically new. Undoubtedly, the banking sector is the biggest consumer of RPA. It is predicted that most jobs in

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