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Will AI Developments Help Open Banking Take Off?

Smart Data Collective

Artificial intelligence has become a gamechanger in the banking industry in recent years. There are a number of reasons that AI is becoming an integral part of the banking industry. AI has made open banking possible. New advances in AI could help open banking become even more popular in the near future.

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How AI Is Solving Banking Challenges During The Coronavirus Pandemic

Smart Data Collective

One of the ways AI is helping people with the recent pandemic is by improving banking. AI is solving some pressing challenges in the banking sector, which is struggling to respond to the growing concerns about the virus. How AI is Addressing Banking Challenges During the Coronavirus. However, our inputs are going to be key.

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How Artificial Intelligence (AI) Is Changing Banking

Smart Data Collective

There are tons of applications for artificial intelligence available, especially when it comes to banking. The banking industry has been able to utilize a variety of AI technology to streamline processes, enhance security, and improve the customer experience. AI may also be reshaping how banking is done in the not so distant future. “In

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Gathering Data Can Be Vital for Your Personalized Financial Plan

Smart Data Collective

In simple terms, gathering data is a process where you collect all your personal documents and financial statements to serve as the foundation for a personalized financial plan. When meeting with a financial advisor to help you devise a financial plan, you’ll want to have everything in somewhat of an order. Short-term Goals.

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Here’s How AI-backed Insurance Plans Make Your Life Easy

Smart Data Collective

These new-age AI-backed insurance plans are making the consumers’ lives simpler and better, which has resulted in a stronger competitive advantage for insurance companies using it. Gone are the days of traditional insurance schemes when people were bound to sacrifice some of their requirements to attain insurance through these rigid plans.

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Customers and Banks Priorities Collide as AI Jolts Financial Industry

Smart Data Collective

The banking and financial services business is replete with transactions, hundreds of millions of them a day, each adding a new row to the industry’s vast ocean of data. The creation of useful data now extends beyond the control of banks. This isn’t always a risk that a bank is willing to take on.

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Plan Precisely with Predictive Analytics!

ElegantJ BI

That’s why wise businesses use these techniques to plan and forecast and to understand how a change they are considering might impact their business success. Here are just a few of the ways in which you can use predictive analytics to refine your business strategy, discover opportunities and plan for the future.