Smart Data Collective

SEPTEMBER 19, 2022

How Big Data Helps Fintech Companies And Startups To Better Serve And Protect Their Customers. Fintech analytics helps businesses in the financial and banking industry offer satisfactory services by: Enhancing View Of Customer Profiling. Big Data provides data that fintech companies can leverage to build customer profiles.

Customer Experience 323

Customer Experience Customer Experience Big Data Banking 323

Astera

JULY 11, 2023

One such innovation that has caught the attention of government bodies worldwide is automated bank statement data extraction. By harnessing the power of automated bank statement data extraction, governments are revolutionizing their operations and achieving substantial cost savings.

Banking 40

Banking Government Real-time Data Monitoring 40

Smart Data Collective

MAY 10, 2022

For example, banks now apply AI to assess credit risks with high accuracy. It’s critical to financial institutions such as banks and credit unions that earn revenue from lending money with interest. Every time a financial institution lends money, it bears the risk of the borrower being unable to pay it back. Cybersecurity.

Artificial Intelligence 272

Artificial Intelligence Cybersecurity Banking Retail 272

Astera

FEBRUARY 9, 2024

End-to-End Credit Risk Assessment Process The credit risk assessment is a lengthy process where banks receives hundreds of loan applications daily from various channels, such as online forms, email, phone, and walk-in customers. The data pipeline is prone to errors and failures, such as network issues, server downtime, data corruption, etc.

Banking 52

Banking Data Warehouse Data Quality Data Security 52

Astera

NOVEMBER 1, 2023

Data warehouses have risen to prominence as fundamental tools that empower financial institutions to capitalize on the vast volumes of data for streamlined reporting and business intelligence. Efficient Reporting: Standardized data within a data warehouse simplifies the reporting process.

Data Warehouse 52

Data Warehouse Finance Data Quality Banking 52

Astera

FEBRUARY 9, 2024

Monitoring and Updating The IT team sets up monitoring tools that alert them if the system fails or produces unexpected results using Astera’s Monitoring and Alerting features. Therefore, automating and digitizing the credit risk assessment workflows could help BankX save time and costs.

Data Warehouse 52

Data Warehouse Data Quality Data Security Monitoring 52

Astera

DECEMBER 18, 2023

From managing customer transactions and financial records to dealing with regulatory requirements and risk management, data plays a crucial role in every aspect of banking operations. This data is categorized as big data, a term denoting “large, diverse sets of information that grow at ever-increasing rates.”

Finance 52

Finance Banking Real-time Data Data Warehouse 52