In this contributed article, Ryan Dimick, Chief Technology Officer at SMA Technologies, discusses how financial institutions like banks and credit unions are some of the most data-rich organizations in the world. With access to members’ spending habits – from direct deposits and cash inflows to expenditures like mortgages and payments for bills – there’s a treasure trove of data. So, why are some banks and credit unions often disconnected and unable to understand their customers or members?
Financial Institutions are Strengthening Business Intelligence Reporting and Data Warehousing through Workload Automation and Orchestration
July 27, 2023 by 1 Comment
The Rise of Intelligent Apps in Finance
July 14, 2023 by Leave a Comment
In this contributed article, Rohit Gupta, CEO and Founder, Auditoria.AI, discusses how the future of finance hinges delicately on the ability to adapt. Unfortunately, the finance department is often the last stop on the progress tour – and sometimes overlooked altogether. Optical Character Recognition (OCR) and Robotic Process Automation (RPA) are two of the most common automation tools in corporate finance today. While both tools serve a specific purpose – RPA is programmed to execute high-volume, repeatable tasks, and OCR helps extract structured data in an automated fashion – as standalone solutions, they no longer pull their weight.
Generative AI Report: Pilot Taps OpenAI to launch Pilot GPT
July 5, 2023 by Leave a Comment
Welcome to the Generative AI Report, a new feature here on insideBIGDATA with a special focus on all the new applications and integrations tied to generative AI technologies. We’ve been receiving so many cool news items relating to applications centered on large language models, we thought it would be a timely service for readers to start a new channel along these lines. The combination of a large language model, fine tuned on proprietary data equals an AI application, and this is what these innovative companies are creating. The field of AI is accelerating at such fast rate, we want to help our loyal global audience keep pace.
Money Laundering Finally Meets Its Match – Federated Learning Will Change the Game
July 4, 2023 by Leave a Comment
In this contributed article, Laurence Hamilton, Chief Commercical Officer, Consilient, discusses the next generation federated learning solution for financial crime detection. Such a solution will help enable banks and other financial institutions to detect high-risk entities and behaviors by sharing insights across different data environments and organizations.
AI Empowers Microfinance: Revolutionizing Fraud Detection
June 1, 2023 by 1 Comment
In this sponsored article, Dmitry Dolgorukov, CRO and Co-Founder of HES FinTech, suggesets that to effectively combat fraud, microfinance institutions must establish robust fraud detection systems. Early detection and prevention of fraudulent activities are vital in minimizing financial impact and safeguarding the funds of vulnerable customers. Microfinance institutions face a significant menace in the form of fraudulent activities, endangering their provision of financial services to underserved communities. Fraud not only leads to substantial financial losses but also erodes trust in the system, impeding the mission of microfinance institutions to foster inclusive growth and alleviate poverty.
Why FinOps Needs DataOps Observability
May 6, 2023 by Leave a Comment
In this special guest feature, Chris Santiago, Vice President/Solutions Engineering, Unravel Data, talks about controlling cloud spend through three phases of the FinOps lifecycle.
Video Higlights: Humanizing Digital Banking with Generative AI
April 7, 2023 by Leave a Comment
In the video presentation below, our friends over at DeepBrain explore how video synthesis technology can be used to bring a human touch to digital banking.
Scale to Survive: How to Attract Investors in a Post-SVB World
March 27, 2023 by Leave a Comment
In this contributed article, Eric Kavanagh is CEO of The Bloor Group, focuses on a recent conversation between a pair of tech executives: Software AG CEO Sanjay Brahmawar and former IBM president and Red Hat CEO Jim Whitehurst. The two leaders talked about innovations and investing in challenging financial times, a topic made even more relevant in the wake of the SVB news.
Consumers Don’t Have To Leave Your CFI to Bank in a Better One
February 18, 2023 by Leave a Comment
In this contributed article, Uday Akkaraju, CEO of BOND.AI, discusses how AI can help CFIs (community-based financial institutions) meet the needs of their consumers. In 2020 and 2021, 98% of community banks offered mobile banking, yet new account openings dropped as much as 51% to 25% for community banks and credit unions. Instead of competing head on with the big banks on product offerings, CFIs should strive to understand their unique community needs.
How Will Artificial Intelligence Impact Investing in 2023 and Beyond
December 24, 2022 by 1 Comment
In this contributed article, IT and digital marketing specialist Natasha Lane points out that artificial intelligence has already permeated our everyday lives. We see it everywhere, even when we’re not aware of it. From the algorithm that drives our online searches to the app we use on our phones, AI is all around us. What has it done for the world of investing, and what can we expect in 2023 and beyond?
