article thumbnail

Banks Merge Data Mining and CRM Tools to Boost Profitability

Smart Data Collective

The recent slew of bank failures have created a lot of concerns about the state of the global economy. The good news is that big data technology is helping banks meet their bottom line. The banking sector, in particular, can use big data technology to improve the actuarial analysis of the loan underwriting and approval process.

Banking 274
article thumbnail

3 Ways to Close the Data Gaps in Commercial Banking

Dataversity

Over the last few years, retail banking has done a tremendous job of making the user experience sleeker and more frictionless. Yet, for all of the great strides that have been made in revolutionizing the retail banking experience – both on the front- and back-end – the […].

Banking 241
Insiders

Sign Up for our Newsletter

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

article thumbnail

2021 Enterprise Tech Predictions: Zero Trust, Machine Identity for AI, and Open Banking

Dataversity

The post 2021 Enterprise Tech Predictions: Zero Trust, Machine Identity for AI, and Open Banking appeared first on DATAVERSITY. Amid the pandemic, the harrowing spike in cyberattacks forced all enterprises, large and small, to take a closer look at potential […].

Banking 162
article thumbnail

What is Retail Banking?

The BAWorld

Retail Banking is one of the functions of Banking industry. Other functions include Corporate Banking, Islamic Banking, Private Banking and so on. In this post, we are going to answer the question – What is Retail Banking? This is part of our Banking domain knowledge tutorial series.

Banking 98
article thumbnail

Fundamentals of Banking Domain

The BAWorld

This article on fundamentals of banking domain is the first article of the three-part Banking domain knowledge series. In this article, we explain the following topics: The Banking System Functions of Banking Evolution of Indian banking system The next two in this series will explain the concepts of Retail and Corporate banking.

Banking 98
article thumbnail

Case Study – Audit & Compliance Analytics for a Leading Private Bank in India

ElegantJ BI

The Partner is based in India and offers an Audit, Compliance and Risk Management solution for banks, insurance companies and financial institutions. The Client is the leading private sector bank in India, and the largest private sector bank in India by assets and by market capitalisation.

Banking 130
article thumbnail

Big Data Leads to the Possibility of a Cashless Society

Smart Data Collective

Making concessions for those without a bank account. million people in the UK don’t have a bank account or access to a bank card or a digital wallet. These consumers don’t have a bank card that they can sync to a digital wallet, so they can’t make card or contactless payments.

Big Data 283