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Redefining banking through AI and big data

NCR

The rise of the Millennials is creating a revolution in the economy. Artificial intelligence (AI) and data science will most likely be the fuel of the new approach to finance. The answer comes down to understanding that AI is an umbrella name for multiple technologies built on big data and neural networks.

Big Data 111
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CCB Taps Youth Market by Leveraging Big Data

FICO

China Construction Bank (CCB) hopes to reach more millennial consumers and is using alternative scoring services to improve decision making and improve financial inclusion efforts to reach this demographic. Our new risk-based underwriting strategy is helping to us to maximize our overall profitability while expanding lending to millennials.”.

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Breaking Banks: Big Data Use in Real Time Transactions [AUDIO]

Bank Innovation

Next up was data and its use in providing context to the consumer experience. Brett King opened yesterday’s episode of Breaking Banks with the new Citibank report, which suggests disruption will lead to a 30% cut in employees across the retail banking sector.

Big Data 150
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Watson Marketing Delivers a Competitive Edge that Financial Institutions can Bank On

Insights on Business

; increasingly sophisticated security threats; and, most recently, shifting customer expectations driven in large part by millennials. Millennials are a fastidious breed. More than ever – millennials seek customized experiences without a corresponding increase in prices. They are tech savvy, mobile and social.

Marketing 156
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Absa Bank, Hello Soda to address financial inclusion in Africa

The Paypers

(The Paypers) Absa Bank , a subsidiary of Barclays Africa , has partnered with big data company Hello Soda , as it looks to tap into the millennial market.

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Navigating The Overstuffed Weight Loss Market

PYMNTS

But the market is changing and new players are entering – most notably Noom , a subscription weight management and fitness program that has been dubbed “Weight Watchers for millennials.”. Noom is an app-based method for tracking calories and activity.

Marketing 131
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How Handy Uses Data To Find Fraudsters Before They Strike

PYMNTS

The all-new Fraud Decisioning Playbook , a collaboration between PYMNTS and Simility , highlights the latest solutions that combine automation, artificial intelligence (AI), machine learning (ML) and Big Data analytics to help companies to better understand new fraud threats as they emerge. Across the Fraud Decisioning Landscape.

Data 101