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Tag Archives: Data

How technology can help grow Kazakhstan’s insurance market

Insurance markets are changing all over the world thanks to digital innovations. This includes: changes to calculation models, increased competition (due to the rise of insurance platforms), a rise in the use of online data analysis, actuary skill development and new car insurance models. Although suffering from a number of …

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Infographic: Top 10 digital transformation trends For 2020

The digital transformation trends of 2020 are defined by a fresh new class of technologies, including 5G, artificial intelligence and advanced data analytics. This infographic explores the top 10 digital transformation trends expected to have the most significant impact in 2020. Infographic: 10 FinTech trends to watch in 2019 What …

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Video: Top 10 strategic technology trends for 2020

Each year, different technology trends drive disruption and create opportunities for growth and development. Here’s a look at 10 of the top strategic technology trends for 2020 from our friends at Gartner. 5 competitive strategies for facing the BigTech threat Blockchain technology can rewrite the mortgage process in Russia Five …

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Top 7 digital transformation trends shaping 2020

Digital transformation has become a catchall term for reimagining business in the digital age. It can refer to any process that uses digital technologies to solve for changing business and market requirements. Our friends at MuleSoft have outlined the top 7 digital transformation trends shaping 2020: Connecting consumer experiences – …

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10 data science considerations for financial institutions

Advanced data science promises numerous benefits to financial institutions in a wide variety of areas, including marketing, sales, operations, consumer intelligence, portfolio management, risk and compliance. Here are 10 significant areas of concern that financial institutions should consider as they evaluate their technology priorities: Artificial intelligence (AI) – AI can …

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5 ways to benefit from Big Data

FinTech businesses have turned Big Data into big money through greater process efficiencies and more consumer conveniences. Here are 5 ways financial institutions can use Big Data to their advantage: Analyze consumer opinions and moods – monitoring and analyzing online reactions to products, services and brands help financial institutions better …

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Embracing data-driven analytics and the future of business

By capturing and leveraging massive volumes of data, financial institutions can capitalize on new data-driven business opportunities. In fact, financial institutions are already well on their way to doing so in four main ways: improving consumer experiences, optimizing risk controls, automating business processes, improving operational efficiency. These are accomplished using …

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How financial marketers can best interact with data

You don’t need to be an expert at artificial intelligence (AI) or machine learning to use data analytics effectively. In fact, the most sophisticated form of machine learning is the one that resides between our ears. Given that humanity is expected to produce 40 zettabytes (a zettabyte is a 1 …

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Good data governance is just as important as having good data

Data now rules our lives. But when data is of poor quality and/or not handled properly, both businesses and consumers can suffer. This makes good data governance of the utmost importance for financial institutions. Ultimately, good data governance should have the goal of achieving and maintaining coherence and consistency across …

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Video: 3 important ways financial institutions are leveraging Big Data

Our friends at Pepperdata examine 3 important ways leading financial institutions are leveraging Big Data and analytics to improve their bottom line in this quick but informative video.  Infographic: the digital-centric banking customer of today Where financial institutions need to look for personalization data The biggest tech buzzwords in HR

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5 ways financial institutions are improving anti-money laundering measures

Money laundering is a serious global problem, and financial institutions are under increasing pressure from regulators to help put a halt increasingly-sophisticated criminal laundering attempts. One of the primary tools used to combat money laundering is customer risk-rating models. As currently implemented, however, these models are proving inadequate. Now, regulators …

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Leveraging the advantages of data science

Advances in data science have now reached the point where they allow for a more comprehensive and accurate picture of growth opportunities and potential performance improvements to be developed. Specifically, data science helps an institution answer the following questions: What is your positioning related to that of your competitors? Are …

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Top 10 data breaches to impact the financial services industry

Consumers expect financial institutions to provide an expert level of security when it comes to sensitive data. Over the years, however, some of the biggest data breaches have involved, in some way or another, financial institutions. Here’s a quick look at ten of the biggest data breaches impacting the financial …

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Kazakhstani police launch investigation into data leak

Kazakhstani police are investigating the leak of the personal data of Kazakhstani citizens. Earlier this year, it was discovered that an online database containing the personal data of about 11 million Kazakhstani voters was freely available to anyone for viewing and/or downloading. The data contained in the database was current …

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Russia’s Big Data Association to create Big Data sandbox

The Big Data Association has announced its intention to create a sandbox for working with the anonymized personal data of association customers, including data on purchases, payment types and mobile-related data. The Big Data Association hopes that the sandbox will allow association members to better design products and services. There …

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New Uzbek law defines fines, prison time for manipulating personal data

Amendments and additions to Uzbekistan’s criminal code and administrative responsibility code governing the use of personal data have been signed into law. The updated legislation outlines a schedule of fines and prison time for the illegal collection, systematization, storage, addition, use, provision, distribution, transfer, depersonalization and destruction of personal data. …

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Study finds consumers willing to share personal data for benefits

According to an Accenture Plc study, most consumers around the world would be willing to share more personal data with financial institutions if it meant that they received better services. Specifically, the study, which surveyed 47,000 consumers across 28 countries found that 60% of consumers are willing to share lifestyle …

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Personal data leaks: the disease of the digital world

With all the recent news about cyberattacks and data leaks, one might sometimes wonder if he/she is really a target. After all, why would someone be interested in the data of an ordinary, maybe even unremarkable person. But the reality is that hackers are interested in whatever personal data they …

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Why data analytics goes beyond just more data

It has become obvious to most business that data is a necessary part of doing business; however, businesses must go beyond simply collecting data for it to be useful. Here are the top 10 reasons why analytics-driven digital transformation requires businesses to go beyond just generating more data: Data empowers …

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